With a global market revenue of over CA$130billion in 2020 (Statista), the consultancy sector is a well-franchised and intriguing prospect for those interested in entering this market. Consultancy companies provide businesses with solutions to specific problems - this is seen to be a more cost and time-effective method than hiring permanent employees to fill these roles. Consultancy experts exist in most areas of business, from strategy, human resources, environment, finance, technology and management to operations and real estate.

In 2019, the consultancy market size in Canada reached over CA$4billion and, despite the challenges of the 2020 global health pandemic, the consultancy industry looks set for continued future growth, making this a lucrative and exciting sector to franchise in. Franchisees have a wealth of options available and many consultancy franchises boast low overheads and high profits margins, enticing new entrepreneurs into this sector.

For franchisees interested in the financial aspects of business management, Padgett Business Services is a leading provider of financial reporting, tax, accountancy and business strategizing in Canada. YB12 Coach is a franchisor that provides business coaching to small and large businesses; franchisees can benefit from training and support in their business and marketing models.

Consultancy Industry Analysis

Consultancy is a growing market, with more companies looking to outsource specific needs and turning to experts for support and guidance in all areas of business. Franchisees will be part of an industry which ‘changes lives' and, for those working with small businesses, this can be very appealing.

For larger, more corporate consultancy firms, franchisees will benefit from the recognized brand and banner that companies can offer, helping them to stand out in a competitive market,  as well as providing an established client base.

Most companies offer full and comprehensive training for new franchisees. Excellent interpersonal skills, communication and tact, aligned with good numerical, IT and analytical skills will be useful in this industry and, for those looking to work from home and reduce overheads and start-up costs, there are many possible options in this industry.