LUKE LAZARUS :A SERIAL ENTREPRENUER WHO VENTURED IN BUSINESS CONSULTANCY
Born in Melbourne, Australia, Luke Lazarus is a startup business consultant who uses his vast experience in business management to solve problems for startup entrepreneurs. Starting a business is a risky and possibly disappointing activity, but Luke Lazarus ensures that the odds are in favor of success for his clients. A string of companies and entrepreneurs rely on Luke for advice when things get out of hand in their business, and he never disappoints. When they get into contact, they usually get advice and information to get their businesses back in line. To start off, the business consultant develops a business plan which is accompanied by a story for both stakeholders and customers. Luke indicates that a story for the company is essential. The story of the company and the product must be aligned, and if a company is able to achieve this goal, it becomes successful. Don't use plagiarised sources.Get your custom essay just from $11/page
Luke believes strongly in market research and has ensured that troubled startup entrepreneurs conduct market research. Before the launch of a company, Luke always identifies segmented and customer influence points. By using primary and secondary research models, in scrutinizing competition and identifying buyers, Luke ensures nothing is left to chance. With a staggering 90% of startups closing down in their first five years of business, it is essential in the current economy for these startup entrepreneurs to employ the services of a qualified consultant. There is always a huge possibility of a new business shutting down in the first few months. The bad odds are influenced by unhealthy competition and lack of experience in the tough business world.
Despite the huge number of failed startups, there are always a few enduring entrepreneurs who are doing exceptionally well. These successful startups go-ahead to launch companies that become giants in their industries that individuals want to acquire for millions of dollars. Branded as “serial entrepreneurs,” the successful startups are few in existence. Due to the continuous acquisition of business success, their performance can not be explained away with luck as there is more to it than mere survivorship. To win while everyone is losing, must be a result of skill and knowledge by the serial entrepreneurs. Having started his first business at the age of eight, luke Lazarus has been an entrepreneur for a huge part of his life. On joining highschool, luke maintained a straight-A record while juggling with playing a number of sports, which he also excelled in.
Luke Lazarus chose to remain in Melbourne. He enrolled in Melbourne Bussiness school, where he graduated with an MBA. Luke Lazarus promptly got back to what he was known for, starting and managing companies. He went overboard by launching four companies in a span of ten years. he went on to sell each one of the companies in a million dollar deals. By being financially stable and independent at the age of 35, luke was no more driven by money. He decided to venture into business consultancy to help other entrepreneurs achieve what he had done himself. By use of his approach of precision and intensity, luke Lazarus has been able to steer failing and troubled businesses back to business.