Guesstimate | How much Revenue does a Multiplex make | Consulting Case Interview

To accelerate your career in consulting, product management, finance & marketing etc, download the Seekho App: https://bit.ly/seekhoApp Hey everyone! In this video, we're going to be discussing a very important business concept: guesstimates. More specifically, we'll be looking at how to estimate revenue for a multiplex. This is an essential skill for consultants and business owners alike, so don't miss it! In a consulting case interview, your job is to solve a business problem for a hypothetical client. Often, you'll be given incomplete information and will need to make assumptions in order to come up with a solution. This is where guesstimates come in. 00:00 Introduction 00:14 Question 00:42 Notes 02:54 Approach 05:49 Calculation A guesstimate is an estimate that's based on incomplete data. While it's not as accurate as a calculation that's based on complete data, it's often good enough to provide a starting point for further analysis. Guesstimates are commonly used in business, and being able to make them quickly and accurately is an important skill for consultants. If you're being interviewed for a consulting position, expect to be asked to make several guesstimates during the course of the interview. With practice, you'll be able to get better at making them on the fly. About Us: Seekho is a career accelerator that has a membership called Select, especially for young and ambitious people. With Select, you get access to Learning Sessions with Industry Gurus, Competitions & Networking opportunities. Find more about Seekho: Website: https://bit.ly/34BSert #ManagementConsulting #consultinginterview #seekho