1. Business consulting franchises help small and medium businesses identify areas where profit and productivity can be increased, and then advise actions to take so that the business can achieve the desired results. These types of services are always in demand.
2. The business consulting industry is estimated to be a $250 billion industry. There are over 700,000 consulting firms helping businesses across the globe, and the consulting industry accounts for over 2 million jobs in the United States.
3. Business consulting franchises cover various different sectors in order to provide clients with the most effective consulting advice. Franchise sectors include accounting and financial coaching, staffing and recruiting services, business networking, expense reduction services, management consulting and coaching, franchise consulting and development, and marketing services.
4. Many business consulting franchises can be run from home. Since they are home-based opportunities, the businesses' investment costs tend to be lower due to low overhead and not having to purchase storefront space. As low-cost, home-based franchises that can be run either full time or part time, business services franchises provide a lucrative business opportunity for aspiring entrepreneurs.
5. The average business consulting franchise costs about $20,000. Costs associated with opening a business consulting franchise include marketing, business insurance, office supplies, training costs for the franchisee and any employees, computer systems, and all the typical fees associated with opening a franchise, such as royalties, national marketing funds, inspection fees, and mandatory conferences.