Business Consultancy Franchises

The Need for Business Consultancy Franchises

There are around 2 million registered companies in the UK, with a further 3 and half million sole proprietorships, according to Nimblefins. Typically, there are around 500,000 new businesses that start up each year. Roughly 80% of UK business startups fail within their first year (Source: Merchantsavvy.co.uk), let's take a look at some of the reasons businesses fail.  This statistic data is from Fundsquire, 2021 report:

• 42% of startup businesses fail because there’s no market need
• 29% failed because they ran out of cash.
• 23% failed because they didn’t have the right team running the business.
• 19% were outcompeted.
• 18% failed because of pricing and cost issues.
• 17% failed because of a poor product offering.
• 17% failed because they lacked a business model.
• 14% failed because of poor marketing.
• 14% failed because they ignored their customers.

These figures are certainly shocking, and this is where the need for business consulting and business advice franchises come in.

Business advice franchises can tackle common problems for business startups. If business consulting didn't exist, the failure rate of businesses would probably be higher. If more businesses turned to a consultant for help, the failure rate would probably be lower.

Types of Business Consultancy Franchises

There are many types of business consulting opportunities. Let's take a look:

Team Management Franchises - Ensuring employees are motivated and that the staff of the business run like a well oiled machine, is an essential part of a business' success. An efficient workforce is critical and without it, the business is sure to fail. Team management franchises help business owners to get their staff into gear and ensure productivity, employee satisfaction and success.

Financial Franchises - Finance advice and consultancy franchises can help businesses manage their cash flow and ensure the business can stay afloat, building a healthy turnover.

Coaching Franchises - Business coaching franchises help employers and business owners improve their managerial skills and improve their running of the business.

Business Consultancy Franchise Benefits

Besides helping businesses become successful, there are a number of benefits for you when you join a business consultancy franchise. Benefits of a business consulting franchise include:

• Work your own hours - Many business consulting franchises put you in the driver's seat of the business. Schedule appointments with clients around your own schedule. Be sure to set a good example, you need to stay disciplined and not procrastinate.
• Low cost investment - Business coaching franchises usually rely on your experience as a past entrepreneur. To be able to effectively coach a business, you ideally need experience beforehand, of running a business and making it a success. Because the primary investment in business coaching would be past experience, the home based nature of the business usually means investment is low cost. You'll have minimal overheads, provided you have a quiet place at home to work. You might find yourself travelling to meet clients, so you should expect to commute if you can't use video calling software.
• A trusted brand - You'll be able to carry the name of a trusted brand with you when you provide consultancy services to businesses. Franchises offer you the opportunity to trade under the brand name and proven systems of an established business - one that will likely be recognised as more franchisees cover their own territories. Franchisees benefit from the training and support of their franchisor to help them become a success.
• Fantastic earning potential - The primary goal of any business is to be successful, through offering an unrivalled service. It's only to be expected that businesses will want to pay a decent sum if it helps their business be the best it can possibly be.

Franchise Consultants and B2B Business Opportunities

Whether you're looking to become a franchise consultant in the UK, or looking to provide consultancy to other businesses, there's a lot out there. While franchising is a great way to get into business ownership, many entrepreneurs still seek the thrill of starting up a business from scratch. After all, all great franchises have to start somewhere. Do you have business mentoring experience? Do you understand the concepts of franchising?

Why not become a UK franchise consultant or provide B2B consultancy? There are a good handful of franchise consulting business opportunities in the UK, and the best ones can be found here at Franchise Planet.