Industry Spotlight: Work from home in the consulting sector

For many Americans who have spent decades perfecting their skills as managers in corporate America, the lure of consulting is strong. The chance to be their own boss, make their own schedule and share their expertise with businesses eager to learn sounds like a dream come true.

Consulting is big business these days. According to statista.com, in 2016, the global consulting market was worth more than $250 billion. The management consultant sector, which generally advises organizations on how to improve their performance, had an expected market size of over 130 billion U.S. dollars in the same year.

With all that the consulting industry has working for it, trying to set up an independent consulting business does have its challenges. Consulting requires a great deal of time and money to develop necessary tools and materials, such as coaching sessions, modules and training programs. Also, with many established consulting brands to compete with, independent consultants lack the market recognition, brand credibility and established reputation to compete.

Enter the consulting franchise industry.

Consulting franchises offer terrific appeal to aspiring consultants who love the interaction that comes with working with business leaders but don’t enjoy the monotony of creating the tools and presentations. Franchisees get to be out in the market making connections and working one-on-one with the business community while material development is taken care of at corporate.

Consulting franchises are best suited for business executives, senior managers and entrepreneurs who want to own and operate a coaching and training business in partnership with an established brand featuring a proven structure. They are perfectly suited for franchisees who want to control their time since full-time and part-time opportunities are available. They are great for people who enjoy meeting new people, networking and having weekly meetings with decision-makers who can benefit from their coaching.

These franchises are ideal work-from-home businesses because coaching and training is done at the client’s workplace. A coaching session can take place at the client’s office or business. Setup costs are minimal, since typical office equipment such as a computer, telephone, and AV equipment are all that is required. Ongoing costs with the franchise are generally monthly royalties that cover access to resources, innovations, IT updates, lead generation activities.

If you think a consulting franchise may be just right for you, give me a call.

Ready to try franchising? I've helped thousands of franchise candidates make that decision, free of charge. Give me a call at 919.846.7111 or send me a note at [email protected].

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