Broker and Consultant Franchise

Trends and Facts About Consultant & Business Broker Franchises The business consulting and brokerage industry deals with a service that is always in demand: advice. According to the US Department of Labor, Bureau of Labor Statistics, the management, scientific, and technical consulting services is one of the fastest growing industries for professional and technical workers. Business consulting and business broker franchises help business owners by offering guidance, advice, and solutions to clients' needs. Revenue streams for these types of franchises may include business brokerage, which deals with the selling of a business; professional guidance, which may include providing business expertise and help making the business more productive; or franchise consulting, which deals with helping entrepreneurs invest in franchise opportunities. The management consultant sector has an estimated annual revenue of over $130 billion. The combined revenue for the global consulting market was estimated to be worth more than $250 billion. Growth has been spurred by a number of factors such as unemployment and underemployment of qualified business professionals who took employment into their own hands, and a number of professionals seeking more independence when it comes their career. The diverse and growing consultant and business broker franchise industry offers a range of opportunities for entrepreneurs, including: staffing, finance, marketing, coaching and training, events/meetings/conferences, brokerage, information technology, green energy, and more. The qualifications needed for each franchise system vary by franchisor. Prospective franchisees considering the business consulting franchise industry need to assess their qualifications to see if they match up with those required in this field. Prospective franchisees also need to determine which franchise most closely resembles their own personal business philosophy. One note from current franchisees is to stay open minded during the process. A franchise can be the right one for you even when at first it didn’t seem to be. If you have expertise in a certain field, taking advantage of it is a wonderful opportunity to use your existing skills to make your business a success. However, if you don’t have experience directly related to the consulting industry that isn’t a problem. While direct experience is an asset, it isn’t a requirement to become a franchisee. Franchisors offer comprehensive training programs and ongoing support that will provide you with everything you need to operate a successful business within the industry. Consultant and business broker franchises offer an opportunity for you to be in charge and become your own boss.