GraphedMinds
My First Million

My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

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Launch a profitable AI consulting practice targeting specific verticals

McKinsey/consulting professionals or technical experts who want to build their own practice

5 years to build and potentially exit

What Success Looks Like

Multi-million dollar AI consulting practice that gets acquired by major consulting firm for 8-9 figure exit

Steps to Execute

1

Quit traditional consulting job

2

Pick one vertical (law firms, dental practices, manufacturing)

3

Identify 1-2 specific AI tools/processes that clearly help that vertical

4

Start with pilot customers to prove ROI

5

Build conference around 'AI for X' theme

6

Create content marketing around your expertise

7

Scale consulting delivery

8

Add more AI solutions for same vertical

9

Either scale independently or sell to major firm

Checklist

Have consulting background or deep AI expertise
Pick narrow vertical to start
Validate one AI solution creates measurable value
Build repeatable delivery process
Establish thought leadership through content
Develop conference/event revenue stream

Inputs Needed

  • Consulting or AI technical background
  • Target vertical selection
  • Initial customer relationships
  • Content creation capability

Outputs

  • Established AI consulting practice
  • Industry conference and thought leadership
  • Proven AI implementation methodologies
  • Acquisition target for major consulting firms

Example

“Former McKinsey consultant quits to start 'AI for Manufacturing' practice, builds annual conference, consults on AI quality control implementations, sells practice back to McKinsey for $100M after 5 years”

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