Saskatoon’s Magnaltus Consulting helps new and current companies

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Companies and non-profit organizations repeatedly open and transfer in Saskatoon. As we speak the StarPhoenix talks to Josh Buchanan, who just lately began Magnaltus Consulting on eighth Avenue to assist new companies get began and current companies enhance their operations.

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Buchanan, who lived most of his life in Saskatoon, has visited 30 international locations over time and developed robust life experiences, alongside along with his enterprise economics diploma on the U of S and different certifications in actual property property administration and enterprise consulting. In November final yr, Josh determined to mix his many experiences and pure abilities right into a enterprise to assist different companies.

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Q: What made you determine to open Magnaltus Consulting?

A: It was lengthy overdue for me and one thing I ought to have completed a very long time in the past. I’ve a textual content message from my older brother from about eight years in the past saying that I must be a enterprise advisor as a result of I’m good at serving to companies enhance. I might say what made me lastly determine to start out it, I used to be simply on the lookout for work final yr and I wasn’t actually discovering something interesting, and simply determined that was the purpose to get began with it. Up to now with employers I discovered I appeared to at all times be extra motivated and I cared extra about bettering their enterprise than they did. So I assumed, why not exit by myself after which I can do what I would like, how I would like and actually be accountable for the corporate myself.

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Q: What companies do you supply?

A: My major focus is to assist new companies get began and assist current companies enhance the way in which they function. The principle companies supplied are marketing strategy writing, enterprise consulting, academic content material, actual property evaluation, resume writing, and private monetary administration.

Q: Might you inform us extra about your enterprise companies?

A: Marketing strategy writing is usually wanted when companies are on the lookout for financing, perhaps they should submit a proper marketing strategy to a vendor. I can write that for them and with that normally comes consulting, too. They rent me to put in writing a marketing strategy however I typically discover that they want somebody to bounce concepts off of and assist them get on the appropriate path.

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The paperwork are breaking down the fundamentals of the enterprise, their advertising and marketing technique, HR technique, monetary projections, proprietor profile, issues like that. Generally these enterprise plans are literally actually helpful even in the event you’re not planning to submit them to lenders as a result of it could function a highway map for the enterprise.

After which enterprise consulting for a startup, even when I’m not writing a marketing strategy, it might simply be teaching them by way of the startup course of, figuring out what kind of authorized construction they need — if it’s going to be an organization or a proprietorship or cooperative — ensuring they’re wanting into issues like insurance coverage and employees’ compensation. Possibly serving to them decide an appropriate location, doing market analysis for them, advertising and marketing concepts, choices for constructing an internet site, offering different assets to them, discussing financials. Is it possible? How a lot cash are they going to wish for startup prices?

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Enterprise consulting for current companies might simply be methods of serving to them enhance, methods of chopping their prices, increasing the enterprise, totally different advertising and marketing concepts. In the event that they’re restructuring, serving to them to be extra environment friendly and function extra easily.

Q: What sort of academic content material and actual property info do you present?

A: For academic content material, I’ve just a few seminars that I do and I’ve some on-line content material too. There’s a web site referred to as Skillshare and I’ve 4 courses on there proper now, three of them are on private monetary administration — how one can make your individual month-to-month funds, how one can make your individual private stability sheet, and how one can make your individual private revenue assertion. The fourth one is how one can make your individual cowl letter or resume.

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After which I’m at the moment doing a first-time residence consumers seminar. And I’ve partnered with a neighborhood actual property agent and a neighborhood mortgage dealer to offer a free step-by-step tutorial seminar on how one can purchase your first residence in Saskatchewan.

One other seminar which I’ll be beginning in April will probably be a enterprise startup seminar. That one will probably be a little bit bit shorter, the steps and data folks must know in an effort to begin their first enterprise in Saskatchewan. So it’s type of the stuff I do with my consulting.

For actual property evaluation that’s type of extra only a pastime for me that I additionally supply. I don’t actually put it on the market very a lot. My background with actual property is I labored as a property supervisor after college and I began monitoring the true property market fairly carefully. And observed that was delivering a sure path and I began writing about it. And I began a weblog again in 2015 — I’ve about 264 weblog posts the place I observe the market, the economics of it, provide and demand, worth tendencies and impacts of low rates of interest and issues like that.

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Q: You additionally assist people with resume writing and private monetary administration?

A: Resume writing is one thing that I used to be specializing in a little bit bit extra after I first began enterprise simply because that was a straightforward method to type of get the wheels in movement with getting purchasers and stuff like that. So simply skilled resume writing companies when folks want a resume and/or cowl letter, I can present that for them too.

I’m very a lot a private monetary administration nerd, I suppose you possibly can name me. That’s what has allowed me to journey quite a bit, is simply being very strategic with how I save my cash. I’ve a very good understanding of credit score scores and using tax financial savings accounts just like the TFSA and RRSPs. It’s not funding recommendation. It’s extra monetary literacy and technique. I used to show at Saskatchewan Indian Institute of Applied sciences in Regina, and that was one of many programs I taught.

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Q: What units you aside from different enterprise consultants?

A: I believe it’s my accessibility and my adaptability. I believe a number of different corporations that do any such factor are greater corporations and are perhaps much less versatile. For me, it’s simply all me. It’s straightforward for me to fulfill with a consumer. I can talk in numerous alternative ways in a short time, and I’ve a large talent set and I’ve a number of assets.

I’m very a lot native and I need to current myself as that. On my web site there are footage of the town and the bridges and stuff as a result of that’s necessary to me. I’ve regarded up different corporations that present enterprise plans and I’m at all times questioning who’re these folks and the place are they? It’s a 1-800 quantity, it feels very nameless. I need to be recognized as somebody who’s an actual particular person with an actual workplace in Saskatoon.

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This interview has been edited and condensed.

Magnaltus Consulting

Proprietor: Josh Buchanan
Handle: 1106 – eighth Avenue East
Cellphone: 306-850-8485
E mail: [email protected]
Web site: magnaltus.com
Test: Fb, Instagram, Linked In

Have you ever just lately began or moved a brand new enterprise or non-profit group in Saskatoon? We need to hear your story. Please e mail [email protected]

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