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Expense Reduction Consultant

If you have an eye for efficiency and cost-cutting, you could help businesses improve their bottom line.

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Business At A Glance

Expense Reduction Consultant

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Calling all business managers, controllersand operations managers. You can profit from your business and budgetmanagement skills and experiences by starting your own expensereduction consulting service. Expense reduction consultants provideclients with services such as controlling long-term product and servicecosts and developing expense reduction strategies to suit individualclient needs.

The objective of the expense reduction consultant is touncover costs associated with doing business that can be reduced oreliminated while still maintaining the efficiency of the business interms of operations, customer service and profitability. Potentialclients will largely be small- to midsize businesses, but you can alsotarget your marketing efforts toward professionals, nonprofitassociations and privately-run institutions.

Additionally, many ofthese consulting services will specialize in a particular type ofbusiness or industry such as fixed location retailing or manufacturing.Get started by developing an expense reduction manual. The manualshould be representative of the type of business of industry you’lltarget and include an index of categories you’ll analyze, such asbusiness location, employees and communications. The purpose of themanual is to act as a road map to guide you through each client’sbusiness.

You can then tailor the manual to a specific client’sbusiness and enter subcategories for each business component that youanalyze. Expense reduction consultants present each client with anextensive written report at the end of their investigation. This reporttypically outlines the consultant’s suggestions in terms of reducingcosts, including relevant supporting data and statistics.

Fees for theservice vary. Some consultants prefer to charge an hourly rate, whileother prefer to charge a percentage based on the amount of money theycan save a client. The percentage can range from 10 to 50 percent ofthe first year’s saving. Marketing the service can be as easy asjoining business associations to network with small business owners.

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Business Services

Errand Service Business Opportunity

Help busy people get through the day by providing an errand service.

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Business At A Glance

  • Business: Errand Service
  • Start-up Costs: Minimum
  • Home Based: Can be operated from home.
  • Part Time: Can be operated part-time.
  • Online Operation? Yes

Business Overview

Let’s face it; today’s busy lifestyles mean that a lot working people just don’t have time for even the simplest of errands, such as taking the family pet to the veterinarian for a routine checkup, buying AuntSue a birthday present, or picking up the kids after school.

Which is great news if you’re a multi-tasker looking to start your own simple,inexpensive, yet potentially very profitable business. An errand service can be operated with nothing more than a cell phone and reliable transportation.

Land clients by networking and by creating a simple marketing brochure explaining the services you provide along with your contact information.
Related: Start A Small Business, Become Self–Employed

The brochures can be pinned to community bulletin boards, hand-delivered to homes and businesses and distributed with the local newspaper.

A few promotional items such as pens and memo pads emblazoned with your company logo, name and telephone number given out to potential customers will go a long way as a daily reminder of your fast, reliable and affordable errand services.

This is the kind of business where growth is fuelled by referrals, so customer service and satisfaction are the most important goals.

The Market

Busy individuals who need a little help getting their day to day errands done. You can also market your services to small business owners.

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Business Services

Inventory Service

Recording inventory for a business can save them days of valuable time.

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Business At A Glance

Inventory Service

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

In spite of the fact that many businesseshave a computerized inventory tracking system in place, most businessesstill must conduct semiannual or annual inventory counts for tax andinventory shrinkage reasons.

This fact creates a fantastic opportunityto capitalize by starting an inventory recording service. The businessconcept is very basic, and there are specialized handheld electronicrecorders that enable the user to rapidly record and document inventorywith a business or warehouse.

One of the main marketing tools that willbe available to you in terms of persuading potential clients to utilizethe inventory service is simply the fact that in most cases theinventory counting can be conducted at night.

Not disturbing thebusiness or having to pay employees overtime wage rates to conduct thecounts, not to mention the fact of accuracy in counting and recordingmethods, make this attractive to businesses.

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Business Services

Contract Negotations Service

Contract negotiations can be a dreaded aspect of business, but you can make the process less painful for clients with your negotiating skills.

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Business At A Glance

Contract Negotations Service
Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

The ability to successfully negotiate a business contract can mean the difference between prospering and failing. Many business owners are quick to realize that contract negotiation skills are an art form and often best left to professional contract negotiators. If you possess a high degree of business ethics, and have exceptional communications, negotiations and closing skills, then an unmatched opportunity waits in starting a contract negotiation service.

Securing clients for the service is best approached by creating a marketing package that explains the service, but more important, your accomplishments in terms of successfully negotiating contracts. Don’t be shy. If you have a track record of negotiating multimillion-dollar contracts in you past corporate life, let potential clients know.

Once the marketing package has been completed, set up appointments with companies and business owners that you feel would benefit from using your service and negotiations experience.

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