Lending your own business insights, skills and experiences to help other organisations grow, is one of the most popular business start-ups in the UK. Management consultancy is big business. In the constant battle to remain competitive and innovative, UK industry and commerce draws in and assimilates as many management ideas and best practices as possible.
One survey found that in a 12 month period, management consultancy in the UK grew almost four times faster than the economy – going from a value of £6.02 billion to £6.79 billion. This is all very promising and exciting if you are planning to become your own boss with your own management business. But a word of caution. This is a highly competitive and saturated market. There is huge advantage to be gained by launching your venture based on an established and trusted business model, by way of a management franchise.
What is a management franchise?
Years of work to establish a strong client base and a hard-won reputation, means some management consultancy firms are ready to expand their network of offices, in partnership with new start-ups.
The management consultancy firm is likely to also help you to find the right location, and would set you up with favourably priced technology, including a website. Having respected branding and robust marketing support behind you, can ensure that your management franchise has clients from day one.
Finding the right management franchise match
The options are varied and it depends on the level of entry or niche sector you prefer.
For example, franchise agreements are available from Sandler Training (sales management training) and Auditel (strategic cost management for SMEs). Business Doctors offers franchise partnerships, as does Expense Reduction Analysts. YB12 is a new business coaching opportunity in the UK. You will need assurances that a potential management franchise meets your interests and ambitions. That’s where we come in. We can find the best fit, to ensure you “manage” your way to profitable growth.