The rent vs buy decision: MBA consulting

Most startups can’t afford the cost of even boutique consulting firms, let alone blue chip firms like McKinsey. Many can not even afford to hire an MBA-holding employee Yet they often face very complex business problems around pricing or supply chain management.

What’s a startup team to do if they lack in-house business expertise? The answer is emerging from the startup ecology. Here are three firms where you can rent MBA consulting talent on project basis: HourlyNerd, MBA & Company, and Toptal Business.

To get insight into how this model works here are two articles from The Wall Street Journal and Bloomberg respectively:

For Smaller Projects, Try Renting an M.B.A.

Job Sites Match Business-School Grads, Short-Term Work

Got a small project and a small budget? For some companies nowadays, the solution is simple: Rent an M.B.A. to do the work.

A new breed of job sites has cropped up to match M.B.A.s and business-school students with companies seeking short-term help and project work.

Why Hire an MBA When You Can Rent One?

New marketplaces allow startups to hire professionals by the hour

A growing number of companies are using freelance MBAs to access the same brain power they might find at a top-tier consulting firm. The demand has given rise to online marketplaces that are a cross between executive search agencies and freelance job sites—where the featured contractors are skilled at financial modeling, competitive analysis, and marketing.

Author: Mentorphile

Mentor, coach, and advisor to entrepreneurs, small businesses, and non-profit organizations. General manager with significant experience in both for-profit and non-profit organizations. Focus on media and information. On founding team of four venture-backed companies. Currently Chairman of Popsleuth, Inc., maker of the Endorfyn app for keeping fans updated on new stuff from their favorite artists.

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