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Stephen and his friend in Albuquerque plan to become consultants, focusing on helping local high school students apply for scholarships. They both have extensive experience successfully securing scholarships, making them confident in their ability to assist others. They are developing a business model with two tiers: the first tier will offer introductory videos that parents or schools can pay to access. The discussion highlights potential concerns about partnership dynamics, likening it to a "bad marriage," and explores their approach to the consulting market.