My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
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 exitWhat Success Looks Like
Multi-million dollar AI consulting practice that gets acquired by major consulting firm for 8-9 figure exit
Steps to Execute
Quit traditional consulting job
Pick one vertical (law firms, dental practices, manufacturing)
Identify 1-2 specific AI tools/processes that clearly help that vertical
Start with pilot customers to prove ROI
Build conference around 'AI for X' theme
Create content marketing around your expertise
Scale consulting delivery
Add more AI solutions for same vertical
Either scale independently or sell to major firm
Checklist
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”