There are only two ways to be left with more money at the end of the year, both for business and individuals. Those two options are an increase in income or a reduction of expenses. It tends to be the first one that gets most of the attention, and that is where people tend to hold their focus. So, by coming into the picture as an expert in reducing expenses, you may be presenting refreshing new ideas. Of course, you need to know your stuff, so be sure you are qualified for this role before diving in and making the investment of time and money.
A Financial Background is Powerful
If you have spent time in your professional life in accounting or a related role that dealt with finances and numbers, you’ll be off to a great start in expense reduction consulting. By default, you will have spent time dealing with expenses and pointing out money-saving ideas in those roles.
Here’s the tricky thing about expense reduction consulting: you are asking a business or individual to spend money to save money. If they come to you because they need to cut down on spending, the first thing they have to do is buy what you are offering. That’s a bit of a paradox, so you’ll need to have a strong sales pitch to demonstrate how much money you can save them beyond what they’ll pay you for the work. So take time to refine your sales pitch and lean on any marketing materials the franchise provides.