How to Start a Logistics Consulting Business
It seems like everyone wants to get in on the logistics industry. When you consider the meteoric rise of the industry and its projected growth, it’s not hard to see why. The logistics and transportation management industry is worth more than $1 trillion and expected to get even bigger.
Logistics consultants play a big part in keeping the world moving. The supply chain is more important than ever. This means more businesses rely on logistics consultants to keep things running smoothly. If you’re a solutions-driven individual with a passion for problem-solving, a career in logistics consulting may be right for you.
Find out what it takes to start a logistics consulting business, and how you can get your foot in the door of this lucrative industry.
What is Logistics Consulting and What Does It Do?
First, we need to understand what logistics consulting entails. A logistics consultant works closely with clients to evaluate their supply chain and identify areas where it can be improved.
As a logistics consultant, you will recommend solutions to help companies optimize their supply chain and work with them to implement those solutions. Together, you and your clients improve supply chain efficiency, reduce costs, and use these benefits to improve customer relationships.
Get the Right Experience and Qualifications
The next step in becoming a supply chain consultant is developing the skills and experience necessary to do the job. Many supply chain consultants have a master’s or bachelor’s degree in a field like logistics, business, or another related field.
However, college isn’t the only path to a career in supply chain consulting. There are lots of ways you can develop the experience necessary to start a logistics consulting business. This can include working your way through the industry and building your resume and skills the old-fashioned way.
Another excellent way to find logistics experience is through service in the armed forces. Military veterans with logistics experience can effectively transition their skills from the armed forces into successful supply chain consulting careers. By combining your skills as a veteran with the comprehensive training and support of the right supply chain consulting franchise partner, you can lay a strong foundation for a future in logistics.
Know How Much Money You Need to Get Started
You might think that an industry managing the shipping and transportation of goods across the world requires huge offices, high overhead, and a large staff. It turns out that nothing could be further from the truth. Still, it’s important to understand your startup costs and where that money goes.
Opening your logistics consulting business does not take nearly as much overhead as you may think. This is especially true if you want to buy a franchise. Compared to other franchise opportunities, logistics consulting is a low investment. The projected initial investment range for a supply chain consulting franchise can range from below $90,000 on the low end to a little under $125,000.
You can greatly reduce how much it costs to get going by rolling startup costs like your marketing, legal fees, insurance, and computer systems into your initial investment. You can even run your logistics business from the comfort of your own home to reduce your overhead even more.
Identify Customers and Build Relationships with Them
They say that it’s not what you know, it’s who you know. When it comes to logistics consulting, the truth is that your success is based on both. Once you have the necessary experience and your finances in order, it’s time to find your customers.
It’s important to understand who your customers are, and how you will be working with them as a supply chain consultant. Logistics customers frequently include a wide variety of businesses in a wide range of industries. These customers may be factories and warehouses, manufacturers, distributors, retailers, and more.
Get the Best of Both World With a Supply Chain Consulting Franchise
The above points are just the tip of the iceberg when it comes to the ins and outs of supply chain consulting. This is why you should start your own supply chain consulting franchise. It allows you to enjoy the freedom and independence of owning your own business while also benefitting from the support and guidance of a franchise partner.
Discover how you break into the exciting world of logistics consulting. Get your free franchise brochure and see how you can learn more about supply chain consulting opportunities near you.