Sideline Ideas: Business Coach/ Consultant

This is the practice of helping companies and individuals improve their performance by analyzing existing business procedures and setup, and developing future plans. Get started, while capital is minimal, you’ll need a wealth of business know-how. It’s a must to have experience in top level positions, as well as a good grasp of finance, marketing and operations. You may choose a particular industry or department to specialize in. For your target market, smaller companies, such as boutiques and start-up companies. They’re more open to individual help.

Start by helping friends, family members and acquaintances in their ventures and hand out your brochures to various companies. Earnings: Charge anywhere from P50, 000 up, depending on project duration. You’ll pocket all proceeds after spending for reference materials and marketing collaterals. Juggling act: Allot free hours as client consultation time. Make your analyzing and plans way ahead, so they don’t interfere with your “real job.”