Graduating from the Melbourne School of Business with an MBA at only 24, Luke Lazarus was already showing signs of success. Following his graduation, Luke Lazarus would go on to form four consulting firms and sell them before the age of 33.
This plethora of experience led him to be known as one of the most sought-after start-up consultants in Australia. Through his innovative and unique take on problem-solving, Luke Lazarus has managed to work with a large number of executives, CEOs and aspiring entrepreneurs.
Luke Lazarus recently stated that his primary strength in consulting involves a broad parameter of techniques that get a company back on track. In a recent interview, Luke Lazarus was able to share further some of his experience working in the consulting industry.
What is one thing you would tell your younger self?
Luke Lazarus states that the minute he was able to move out of his house, he quickly headed to Melbourne.
While his former school friends decided to take a year or two off to travel, he stayed back and went hard at his MBA. Although in retrospect, Luke Lazarus admits that he placed a lot of stress and worry on himself, therefore if he could go back he would tell himself to let the worry go.
What would you recommend young entrepreneurs to do that you do yourself?
Lazarus comments on how he is able to handle situations by placing confidence in himself and his work. This ultimately becomes not only an asset to yourself but your clients as well. However, he does understand that apprehension will always be present in a project, but will enough experience those apprehensions become less and less present.
How do you bring your ideas to life?
Building a story around a product or brand is the foundation of a successful company, says Luke Lazarus. He goes on to say that the best thing for a young entrepreneur to do their start-up is to give it a story.
This allows you to not only find a place in the marketplace but also a chance to make it your own. If you can give this feeling to your product, there is no doubt that your customers will also feel it and continue to come back. Read more: Luke Lazarus Profile | EverybodyWiki.com and Luke Lazarus| Medium
What is one failure you had as an entrepreneur?
According to Luke Lazarus, one of his first failures came as a result of working with a long time friend. The inclusion of funds and resources would take center stage without any details being discussed until the last minute. Long story short, the partners disagreed on how the company would run and therefore it failed before it even started.