Megha Goel

Are you passionate about social media and its opportunities. Here is a comprehensive guide on how to become a social media consultant. Read on!

Social Media Consultant

A social media consultant is an individual who holds specialization in social media strategy and planning. They often help companies and clients to improve their social media presence through marketing techniques and strategic practices.  In this article, we will discuss job descriptions, certification requirements, profiles, and pricing of a social media consultant.

Who is a social media marketing consultant?

Social media marketing consultants are individuals who work to optimize the social media presence of an organization. These strategic experts identify the problem areas and find appropriate solutions to reroute the business towards marketing success. Social media consultants will deep dive into your marketing strategy and provide valuable insights.

Also Read: Self employed jobs | A complete guide

Social media consultant job description

Social media consultants help business owners optimize their social media content in order to create a strong brand presence. Primary responsibility includes developing and posting content on social media sites. The following roles, requirements, duties, and skills are part of the social media consultant job description,

1. Develop, implement, and manage an organization’s social media strategy
2. Manage and oversee social media content
3. Work closely with copywriters and designers to ensure that the content is informative and appealing
4. Collaborate with marketing, sales, and product development team
5. Create a strong network by communicating regularly with industry professionals and influencers on social media
6. Hire and train staff members in the team
7. Provide constructive feedback aimed at improving social media presence
8. Manage the success of every social media campaign and analyze the results
9. Keep yourself up to date with the latest social media trends and technologies
10. Understanding of SEO and suggest content optimization
11. Demonstrate knowledge of social media marketing tools and social networking experience
12. Continuously provide improvement ideas by capturing and analyzing the appropriate social data/metrics, insights, and best practices
13. Positive attitude, eye for detail with good multitasking and organizational abilities
14. Excellent writing, editing, consulting, presenting, and interpersonal communication skills

Also Read: Small Business Quotes | Critical items that you must know!

Top 10 career options in social media consulting

Social media consulting is getting largely popular in recent times as more and more people are going digital. The job titles may vary depending on the type of work, experience, skillset, etc. Here are the top 10 profiles in the field of social media consulting,

1. Media consultant

A media consultant is a marketing agent hired by businesses to obtain positive press coverage. Many media consultants have entered the area of social media. Social media consultant’s work usually involves advising clients on how to create effective online media campaigns. The campaign may include the use of videos, blogs, forums, etc.

2. Digital media consultants

A digital media consultant is responsible for building a bridge between businesses and the online world. They advise clients on how to reach their customers in the best way and help them sell products and services. Digital media consultants suggest improvements in areas such as SEO, website design, etc.

3. Social media strategist – social media consultant job

Social media strategists are social media experts who create quality content for their client’s social media platforms such as Facebook, LinkedIn, Instagram, etc. They keep themselves up to date with the latest social media trends and tools. Social media strategists help clients achieve marketing targets.

4. Social media consultants

Social media consultants are professionals who reach out to customers and connect with them on behalf of the brand. They can either work full-time within companies or provide their services as a freelancer. They hold specialization in social media strategy, content creation, data analysis, and customer engagement.

5. Social media specialist for a social media consulting firm

Social media specialists create, administer and publish content on all social media platforms such as Facebook, Twitter, Instagram. Their main aim is to grow an audience, build brand awareness, and ultimately boost sales for the client. They build strategies through competitive and audience research.

6. Insta consultant

Instagram consultants majorly focus on Instagram as a social media marketing platform. They assist clients in forming marketing strategies to grow followers, engagement, and more. They can help in increasing brand awareness and in return company sales. They will track metrics like website traffic and conversions as well.

7. Freelance social media consultant

Social media consultants are the face and voice of the business in social networks. Freelance social media consultants are not associated with any firm and work on an independent basis. They can be hired on a project-to-project basis to run social media campaigns for the brand.

8. Account manager at social media consulting services

A social media account manager creates social media campaigns, executes them, and monitors their progress in order to achieve brand objectives. They are also responsible for developing digital strategies for the brand and handling their social media accounts including Facebook, Twitter, Instagram, LinkedIn, etc. 

9. Social consultant as social media coordinator

The social media coordinator is responsible for maintaining a company’s social media presence. Their job role includes several duties like researching ongoing market trends, posting content on each relevant platform, enhancing audience engagement, etc. They usually work in close coordination with content developers or writers.

10. Social networking consultants as a community manager

Community managers are more focused on creating, fostering, and improving communities built around the brand. They engage with community members through direct messages or comments on different social media platforms. They need to ensure that their conversations are in line with the brand’s voice and values. 

Also Read: Small business consulting | A how-to guide for everyone

How to set up a social marketing agency?

Setting up a social marketing agency takes a lot of effort and time but with the right tips and tools, you can get up and running in no time. Here are few steps that you can follow to effectively start a social marketing agency business,

1. How to become a social media consultant and find your niche

Before you start your own social marketing agency, it is important to identify your niche. It will help you understand what industries and platforms you would be comfortable working with. Ensure that your scope isn’t too wide or you will end up getting overwhelmed.

2. For social media consultancy, first establish yourself on social media

Clients usually hire social media consultants based on their previous experience. If you’re a beginner and have no clients to show, establish a strong social media presence. Identify a platform and industry you are comfortable with and continue to build your online presence. 

3. Create business plans and strategies as media consultants

The third step of setting up your own social marketing agency is to create a business plan and decide on your business structure. This will help you develop a foundation and build a future business strategy. Get the legal aspects, registrations, and taxes sorted.

4. Social consultants must determine their prices

Running your own social marketing agency is costly but quoting higher prices might not attract too many clients in the beginning. In such cases, offering free pilot projects can be a good idea. It helps you to demonstrate your expertise to the clients.

5. Get clients once you become a social media consultant

Getting clients is the hardest part of setting up a social marketing agency. In the initial stages, reach out to your existing connections and network. Another great tried and tested method of getting clients is to look online for clients. 

Also Read: Business lawyer | An ultimate read for best results

Social media consultant certifications

Social media is one of the fundamental pillars of today’s marketing strategy. As social media keeps evolving and changing continuously, it becomes necessary for social media consultants to keep investing in their continued education to consistently advance in their careers.

Below, we have compiled some of the best social media consultant certifications available online. These comprehensive programs will help in enhancing expertise and skills. 

1. Facebook Social Media Marketing Professional Certificate
2. Advanced Mobile Marketing Certification Training
3. Advanced Social Media Certification Training Course
4. Professional Certificate in Digital Marketing and Customer Engagement
5. Social Media Certification with Boot Camp Digital

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Social media management pricing

The average cost of outsourcing social media management lies between $900 to $20,000 per month. Social media management prices are generally inclusive of services such as developing and managing your company’s social media marketing and advertising strategy on one or multiple social networks. 

Social media management pricing is based on all the different strategies used to create an effective online presence for the business. Businesses that have in-house teams spend close to $4000 – $7000 per month on social media management. The pricing depends on the agency hired, the plan chosen by the company, the number of social media platforms targeted, etc.

Also Read: Marketing Consultant | Everything you must know

Social media consultants rate

Social media consultant rates majorly depend on prior work experience, the scope of the project, and the type of the client. We have listed down typical rates of social media consultants based on their experience,

1. The typical rates of a social media consultant with 0-3 years of experience will likely be between $15-$50 per hour. The rates depend on the project and the type of client.
2. After three years of experience, social media consultants charge between $50 – $100 per hour.
3. An advanced social media consultant with an impressive portfolio and a huge client base would charge close to $120 per hour.

Megha Goel

Megha is a content writer with sharp technical skills, owing to her past experience in networking and telecom domains. She focuses on various topics including productivity, remote work, people management, technology, market trends, and workspace collaboration.

Are you an aspiring IT consultant? Here is a complete guide to becoming a successful IT consultant in 2021 – explained in 5 steps. Read on!

IT Consultant

An information technology consultant, also popularly known as an IT consultant, is an individual who has expertise in optimizing business performance through technology and creating value for business owners. In this article, we will learn more about IT consultants, the different job profiles, and how to ace at becoming one. 

What is IT consulting?

Information Technology or IT consulting is an activity of advising business owners on how to implement IT for successfully achieving their business goals and objectives. IT consulting helps to evaluate various technologies and match them with the appropriate business strategy. It also helps businesses evaluate their IT needs.

Also Read: Business Strategy Consultant | A complete guide

IT consultant job description

IT consultant roles require technology specialists with creative problem-solving skills. They are responsible for solving business problems by implementing technological solutions. Let us have a look at the key requirements, roles and responsibilities, duties, and skills that becomes a part of an IT consultant’s job description,

1. Analyze a company’s system and infrastructure
2. Understanding a client’s business needs
3. Training the staff to use the new and existing IT systems
4. Implementing new technology solutions to meet business needs
5. Advising on technology best practices and monitor the success of already existing IT solutions
6. Analyzing and determining security threats
7. Provide assistance with IT issues
8. IT consultants must demonstrate the ability to troubleshoot hardware, software, and network problems
9. Must be a team player with excellent written and verbal communication skills
10. Excellent time management and organizational skills
11. IT consultants are expected to create a schedule for analysis, implementation, and testing of the technology
12. They must work with in-house technicians to ensure consistency of use
13. Communicate technical instructions in understandable business terms and produce technical user manuals
14. Diagnose different problems, inefficiencies, and weaknesses existing in an IT system 
15. Produce detailed reports on the capability of the technology and present it to business owners

Also Read: Marketing Consultant | Everything you must know

Top 15 IT consulting profiles

There are different kinds of IT consulting profiles available in the market based on your education and area of expertise. All of these job profiles are in high demand and often pay generously. Let us discuss in detail the top 15 IT consulting profiles,

1. Technology consultant

Technology consultants work closely with their clients in order to help them transform the way they use technology. They help in improving business processes, reducing overall costs, maximizing the use of tech opportunities, and more. IT consulting profiles that demonstrate keen observation skills are preferred for this job role.

2. Information technology consultant

Information technology consultants, or commonly known as IT consultants advise clients on how to use information technology in order to meet business objectives effectively and efficiently. IT consultants in this role are able to analyze and solve various IT problems. Their main ability is to build and improve their client’s IT infrastructure.

3. Quality assurance information technology consulting

IT quality assurance process consultant develops quality assurance, compliance, and development plans for individual IT functions. They advise businesses on best practices for the deployment of QA methodologies and best practices. The IT quality assurance process consultant works autonomously and requires 10+ years of relevant work experience.

4. Senior Consultant, IT consultancy

A senior IT consultant is an expert in overseeing and maintaining IT systems. They are also responsible for leading and guiding an IT team. The day-to-day activities include solving various tech problems and recommending new ideas to improve the performance of existing IT systems.

5. Independent IT consultant

An independent IT consultant is a professional who does consult by himself/herself instead of working with or working for a consulting firm. They are usually hired as third-party consultants for businesses who are looking to optimize their IT systems or train their staff on a newly implemented technology. 

6. Technology consultant job in information security

An information security consultant protects their client’s network and data from getting breached. Cybersecurity specialists are mostly generalists but may also specialize in certain specific areas. They usually play both the attacker and the defender in the computer systems to uncover potential threats.

7. Business technology consulting job

A business technology consultant is a professional who holds the responsibility of recommending technological improvements for a business or an organization. The IT consultants in this role use technological expertise for analyzing a company’s business and market needs. Based on which recommendations for streamlining operations and increasing productivity are formulated.

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8. Management and technology consulting jobs

A management and technology consultant acts as an impartial third party to provide assistance to companies in optimizing their business processes. The IT consultants in this area use their expertise and knowledge to analyze the business operations, identify potential improvement areas, and come up with appropriate solutions.

9. SAP security technology consultant jobs

SAP security consultants usually work with businesses that use SAP platforms and applications. They apply technological solutions to business problems to provide solutions within the framework of various projects. The potential candidate for such IT consulting profiles must be an expert in SAP with relevant work experience.

10. IT implementation -Information technology consultants

An implementation consultant is a third-party IT consultant brought in by organizations to handle large-scale projects. As an implementation consultant, an IT consultant not only has to manage the project team members but also has to develop and implement strategies needed to reach the end goal.

11. Information systems consultant

Information systems consultants are external IT consultants hired by organizations to evaluate their IT systems and infrastructures so that they can meet their business objectives effectively and efficiently. Information systems consultants guide businesses on technology and IT infrastructure. Analytical skills, communications skills, and creativity are the most common attributes for this role.

12. Computer IT infrastructure consultant

Professionals working in computer IT infrastructure consultant roles are computer experts with excellent knowledge of computer hardware, software, and networks. IT consultants in this role are vital to ensuring that all technological functions in a business are working properly. They assist companies in building, maintaining, and installing their computer systems.

13. System consultant

A system consultant is an IT consultant who is responsible to advise on the design, plan and installation of information technology systems for their clients. System consultant is one of the IT consulting profiles where professionals are involved in analyzing organizational data, define project objectives, and determine IT requirements.

14. Computer consultant job

IT consulting profiles also include a job as a computer consultant. A computer consultant is required to assist the staff with customer system usage and issues. IT consultants in this role are also required to troubleshoot and resolve end-user questions and problems along with performing functionality tests.

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How to become an IT consultant?

Learning how to become an IT consultant can provide numerous opportunities for IT professionals who want to get into consulting. Right education and experience are the keys to becoming an IT consultant. Here is an overview of the key elements required to have a successful IT consulting career, 

1. Licensing requirements for becoming an independent consultant

How to become an IT consultant who wants to work as an independent contractor. Apart from earning a bachelor’s degree, gaining required work experience, and earning certifications, reviewing the local ordinance and licensing requirements is an important step for starting an independent consulting business.

2. Earn a Bachelor’s degree to get IT consultant jobs

To get into the IT consulting field, getting a bachelor’s degree in information technology, computer science, or related fields can prove to be a strong starting point. Most schools require applicants to have a high school diploma or GED for enrolling in the course. 

3. IT consultant tips include completing a Master’s degree

A Master’s degree is not mandatory to apply for IT consulting roles, however, some IT consulting positions might require an advanced degree in any of the specialized fields. Professionals with a master’s degree will automatically get ahead of the curve and be in demand.

4. Successful consultants gain work experience

Information technology consultant jobs require candidates to have 1-7 years of experience based on the position offered. An entry-level job such as computer support specialist or IT technician would help candidates in gaining the required expertise and skills needed to apply for IT consultant job positions.

5. Gain certification for technical consultants jobs

This step of how to become an IT consultant is optional as certification is not required for all the positions. But there are few employers who prefer applicants with professional certifications. Getting certified would also help applicants advance their careers and get ahead of the competition. 

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IT consultant certifications

Enrolling for and completing a certification program would help in boosting an IT consultant’s job profile. ISACA, an international professional association focused on IT governance, offers the Certified in the Governance of expertise IT (CGEIT) designation for IT professionals who wish to work for enterprises.

The applicants for this program need to have a minimum of five years of experience working in an IT supervisory position of a large company. Other valuable certificates include AWS Certified Solutions Architect – Associate and Project Management Professional (PMP) certification. Qualifying these certification exams would help IT professionals get higher salaries and better opportunities. 

Also Read: Small Business Quotes | Critical items that you must know!

Market salary for IT consulting jobs

The average salary for IT consulting jobs in the United States is $90,351 per annum as of July 28, 2021. The salary range usually falls between $83,579 to $98,365 per annum. The salary and compensation vary widely based on education, the number of years of experience in the relevant field, additional skills, certifications, job location, etc.

The yearly salary is inclusive of housing, transport, and other benefits provided to the IT consultants. The yearly compensation increases as the professional gains more experience in the IT field and handles multiple tasks.

Megha Goel

Megha is a content writer with sharp technical skills, owing to her past experience in networking and telecom domains. She focuses on various topics including productivity, remote work, people management, technology, market trends, and workspace collaboration.

Do you need a business lawyer? Here is how to find a business lawyer and make it work for your business. Read on!

Business Lawyer

A business lawyer helps business owners understand what kind of problems they are facing and what sort of problems they might face in the future. Business lawyers are responsible to educate their clients on applicable laws and best practices. They also represent their clients in case an issue occurs.

Also Read: Small business consulting | A how-to guide for everyone

Who is a business lawyer?

A business lawyer is an attorney who provides legal advice to business owners on different issues concerning businesses such as taxation, business transactions, and intellectual property rights. A business lawyer is also commonly known as a corporate lawyer, commercial lawyer, corporate attorney, etc.

Business lawyers help companies run smoothly by overseeing legal ins and outs. They also help business owners weigh the pros and cons of each entity while starting a business.

Roles and responsibilities of business lawyers

The different roles and responsibilities of business lawyers are,

1. Protect assets and reputation of the company
2. Ensuring that the business is following and understands all relevant laws and outcomes
3. Examine and report any existing legal issues to the concerned authorities
4. Provide assistance to prevent, navigate, and resolve complex legal issues
5. Taking care of legal paperwork related to business operations
6. Negotiating contract terms, transactions, and settlements on behalf of the business owners
7. Ensure business operations and processes are in compliance with the local, state, federal, and international laws
8. Strong research and verbal and written communication skills

Also Read: Small Business Quotes | Critical items that you must know!

When should one get a business lawyer?

Here are the different reasons why you might need to hire a business lawyer,

1. Business lawyers guide business owners through complex laws and are able to draft and review business agreements.
2. Business lawyers can take business owners through a lawsuit in case things aren’t running smoothly.
3. A business lawyer can represent you in court in case you’re being sued or want to sue someone.
4. A business lawyer gives advice on how to start and manage your own business.
5. A business lawyer can help you in forming, managing, transferring, or dealing with new business.
6. Business lawyers are helpful in case an environmental issue arises and your business is involved.
7. Negotiating the sale of your company or during the acquisition of another company or assets by your company.
8. Consulting a business lawyer helps in preventing any legal issues from arising and identifying them in advance.

Also Read: Self employed jobs | A complete guide

Types of Attorneys

Law has been a preferred career for many but with technological advancement, the field has gone through a drastic change. There are several different kinds of lawyers who specialize in specific areas. Let us have a look at the different types of attorneys and their respective salient features,

1. Business attorney

Business attorneys are lawyers who provide a full range of expertise in building, managing, maintaining, transferring, and dissolving a business. They may either choose to handle legal matters of large companies only or prefer working with small businesses or startups. They may represent clients during a legal crisis.

2. Small business lawyer

A small business lawyer is a lawyer who is solely responsible for handling legal issues of small businesses, startups, entrepreneurs, and SMEs. A small business lawyer is more familiar with the complexities of running a small business and majorly focuses on providing specialized advice to small business owners.

3. Personal lawyer

Personal lawyers are often known as civil litigators, they usually represent clients in civil court either as a plaintiff or a defendant. They specialize in areas such as personal injury, corporate, tax, etc. They often investigate claims and screen potential clients to evaluate the merit of their case. 

4. Business contract lawyer

A business contract lawyer is a lawyer who specializes in giving advice regarding business contracts. They have extensive knowledge of contracts, sales agreements, contract requirements, and laws governing contracts in their area. Business contract lawyers often draft, review, and negotiate business agreements for their clients.

5. Business solicitors

Business solicitors are business lawyers who provide legal advice on a wide range of issues and for several reasons. They help businesses achieve the outcome and provide the assurance that your business-related legal concerns are in reliable and experienced hands. They even provide tailored solutions based on your business needs.

6. Commercial attorney

A commercial attorney advises business owners on a variety of legal matters such as managing contracts. They are responsible for managing contracts and ensuring that there are no provisions that could harm the company. They usually assist the company’s sales team with negotiating and managing contracts.

7. Business law lawyer

Business law lawyers are lawyers who are experienced in handling legal matters concerning any kind of business. They ensure that a company complies with all the local laws and regulations. They find existing legal loopholes in the system and predict any future issues that may pose a threat. 

8. Business legal advice – Tax Lawyer

Taxes for businesses are complicated to understand without assistance. A tax lawyer can help businesses when the tax authority decided to take action against the business. The tax business lawyer is licensed to be a lawyer and is highly experienced in dealing with taxes.

9. Lawyer for business startup

A business lawyer who helps with different legal issues that may arise when forming and operating a startup. An experienced lawyer for the business startup will be aware of all the steps you need to take and possible legal challenges that may arise in the future.

10. Entrepreneur lawyer

An Entrepreneur lawyer is a lawyer with expertise in legal matters concerning business enterprises. They help new enterprises make the right decisions and provide them with sound legal advice. These lawyers have their own firms and work with multiple clients, turning them into entrepreneurs from business lawyers.

Also Read: How to start business with no money | A complete guide

How to find a good lawyer?

Here are the top 5 steps of finding a good lawyer,

1. Conducting candidate interviews – One of the best ways to find a lawyer who suits your business needs is to interview them. Most of them will provide free of charge initial consultation that helps you interact with the lawyer and assessing them.
2. Taking references from other attorneys – Lawyers generally are aware of the skill and reputation of another lawyer. They may be able to provide information about a fellow lawyer that might not be present in any book or internet. These may include lawyer’s ethics, competence level, demeanor, practice habits, and reputation.
3. Conducting background check – Contact the lawyer disciplinary agency in your state to confirm if the lawyer you are going to hire is in good standing as a member of the bar. Always check the references of the lawyer you are hiring especially if you have found them on the internet.
4. Cross-checking references from past clients – Before hiring a lawyer, ask them about the clients that they have worked within the past. Getting reviews and opinions from past clients would help you get an idea about the lawyer’s professionalism. Review ratings can also be found online.
5. Taking a tour of the lawyer’s office – Take a brief tour of the attorney’s office. Office space can tell a lot about the attorney. See if their office space is neat, clean, orderly, and efficiently run. Understand their relationship with their staff.

Also Read: Family Business Ideas | Everything you must know

5 best business attorney firms in the US

Business attorney firms are law firms that provide expertise in handling legal business matters. They provide small business owners and SMEs legal advice based on their requirements. There are several business attorney firms in the US. Let us look at the top 5 business attorney firms in the US,

1. Romano Law – Small business lawyer NYC

Small business attorneys of Romano Law are more than capable of providing legal guidance to your small business. Their experienced business lawyer provides both practical and technical advice to keep your business well-prepared and on track for growth. They provide legal assistance in a wide range of matters such as corporate to real state, employment to intellectual property, contracts to litigation. Their existing client base covers a wide range of industries. 

2. Tobin O’Connor & Ewing – Best business lawyer in DC

The attorneys at Tobin O’Connor & Ewing provide legal counseling to their clients to help them establish their small businesses. The expert business lawyers at Tobin O’Connor Ewing help their clients select the type of business entity that is right for their business. They also provide assistance once the business entity is selected by helping with succession planning. All kinds of business disputes can be handled by their attorneys.

3. The Law Ladies – Business attorneys in Atlanta

The business lawyers at The Law Ladies can help with a variety of legal needs to ensure that your business keeps running smoothly. Their skilled lawyers know how to successfully represent a small business at any stage. They specialize in a wide variety of business laws such as new business formation, business litigation, influencer contracts, non-compete agreements, non-disclosure agreements, different kinds of contractor agreements, etc

4. Adam Dash & Associates – Business lawyer near me in Boston

At the law firm of Adam Dash & Associates, you can find lawyers and attorneys skilled in litigating and negotiating all types of business disputes. Their lawyers can handle a wide range of processes such as drafting formation documents, helping you choose appropriate business entities, working with investors and venture capitalists, provide ongoing and legal advice, regulation and ordinance compliance, handling business-related disputes, etc. 

5. G&G Law, LLC – Small business attorney Chicago

G&G Law, LLC are small business lawyers in Chicago’s neighborhood and suburbs. Their attorneys are highly responsive and have a deep understanding of closely-held business owners. They make use of technology and automation to make their service better and more efficient for their clients. Business attorneys at G&G Law focus on developing lasting personal relationships with their clients. They give high-quality service at reasonable prices.

Megha Goel

Megha is a content writer with sharp technical skills, owing to her past experience in networking and telecom domains. She focuses on various topics including productivity, remote work, people management, technology, market trends, and workspace collaboration.

Do you want to setup a long lasting family business that makes money. Here are top 10 ideas that works best in 2021. Read on!

Family Business Ideas for 2021

According to the Conway Center for Family Business, family businesses account for 64 percent of U.S. gross domestic productivity and generate around 62 percent of the country’s total employment. In this blog, we will discuss the different family business ideas and how you can start your own family business.

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What is a family business?

Family business can be  defined as any business which is owned, managed, and operated by two or more members of the single family. Family-run business may be the oldest form of business organization known to us. In current times, family owned businesses are recognized as important and dynamic participants in the world economy. Starting a family business has its own pros and cons which we will discuss later in this blog.

Growing significance of family run business in US

Family businesses are the backbone of the US economy. According to studies, 35 percent of Fortune 500 companies are family-controlled. The greatest section of America’s wealth lies with family-owned businesses. Family firms comprise 90 percent of all business enterprises in North America, as per the US Census Bureau. Several statistics by multiple organizations reveal the growing significance of family run business in the US in the upcoming years.

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10 best family business ideas

Family business ideas are plenty and should be picked based on the interest of involved members. Look at the kind of skill set present amongst the family and pick one that suits you the best. We have curated a list of 10 best family business ideas that you might like,

1. Crafts – small manufacturing business

Are your family members good at making things? Use your talents to generate a profit with an online craft business. Selling homemade products has never been easier due to sites like Etsy. Family members who are not good at craft making might still get involved in marketing, sales, and operations side of the business.This innovative idea will ensure that the family name remains memorable in the minds of people.

2. Products to manufacture at home

Manufacture products such as natural soaps and beauty products at home. There is a real potential in this family business idea as the trend for going natural in all aspects of our lives is growing these days. In case you’re not interested in the manufacturing part, simply become a distributor by tying up with different local vendors in the vicinity. Creating a blog on this topic is another great idea.

3. Bakery – small factory

Homemade sweets, biscuits, and confectionary items can be a great seller. Homemade items tend to be more nutritious and hygienic as compared to the factory manufactured ones. This is one of the greatest family business ideas for a family who loves to bake. Turn your home into a small baking factory and sell products through the local store. People in your social network may end up buying in batches too for special occasions.

4. Childcare – fun businesses to start

If your family members adore kids, this can be one of the fun family business ideas to consider. There is great potential to earn profit in child care. Any family can establish this business but looking after another person’s children for more than two hours on any one day in a location other than child’s home needs to be registered with Ofsted. The process is fairly simple and includes criminal and domestic checks.

5. Handyman and Repairs – family businesses

Handyman and repair service will always be in demand which makes this one of the most versatile family business ideas. You can offer to do small jobs for people in your area and earn profit. This is ideal for those families where members know how to fix things around the house. If you manage to make a healthy profit, there are chances to turn the company into a real estate investment venture.

6. Catering – best family businesses

Is your family lucky to have great cooks? You may want to start a catering business together. Family business ideas must suit everyone’s skills and knowledge. Each family member can bring something unique and tasty to create a dynamic and diverse menu for the clients. Even if some members like the idea but aren’t good at cooking, they can invest in the business and act as silent partners to help things get started. 

7. Auto repair shop – successful family businesses

If you do not mind a little elbow grease and love fixing automobiles, consider opening a family-owned auto repair shop. For families with members who have the skills and knowledge to repair automobiles, this is one of the successful family business ideas. If your business picks off well there are chances to scale it into multiple shops at a later stage. You can also sell automobile accessories in the shop.

8. Event planning – best family businesses to start

Event planning is a process of ensuring the smooth organization or flow of an event. It includes a bunch of responsibilities such as conducting initial research, finding good caterers, finding a good location, sending invitation to attendees, doing the interior decor, creating event design and concept, organizing entertainment needs, coordinating with different vendors, etc.It is one of the best family business ideas that can be run by family.

9. Restaurant – small family business

Running a restaurant with family members might need more money and effort but if this is your family’s dream then these challenges must not come in your way. There are two options for running a restaurant, either you open one from the scratch or you can purchase a franchise restaurant business. Such family business ideas are slightly more complicated but if successful they are capable of high returns.

10. Farm – family own business

If your family has access to land and other resources, farming can be one of the best family business ideas for you. There are several farming options such as animal husbandry, crops, plant farming, etc. Based on your interest and resources, the family can consider growing crops and raising animals on a farm. The products can be packed and branded under the family name and sold through the local distributor.

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Pros and cons of family-owned business

Pros of family-owned business,

1. Family-owned businesses are meant to form a grounded and loyal foundation for the company
2. Another common pro of a family-business is that the family members are more likely to show dedication and commitment to shared common goals
3. Family-businesses are more flexible and lenient. They come with better work-life balance
4. A family-run business has the ability to make swifter decisions
5. A more relaxed work environment as you are amongst family members

Cons of family-owned business,

1. Petty family disagreements might often pull focus away from running the business
2. Hard to keep family issues and work issues apart as you are working with family members
3. Family members are likely to break rules and think its okay to do so
4. In family-run business, a criticism or negative comment may cause a stifle amongst the family members
5. Less likely to give out promotions to family members

Also Read: Remote work habits | A comprehensive guide

How to start a family business

Let us look into the step-by-step process to start a family business,

1. Come up with a family business idea – There are several family business ideas out there but you have to pick the one that combines everyone’s interests and life goals.
2. Determine role of each participating family member – Every participating member must have a pre-defined role with certain duties and responsibilities.
3. Set out guidelines – Laying out clear guidelines would help in the transition from family members to business partners. Keeping personal relationships outside business would help avoid conflicts.
4. Discuss ownership and compensation – Discuss in advance how much would each employee be compensated. Also, determine the share of each family member in the business and profits generated.
5. Specify exit and succession plans – There might arise a possibility where a family member would like to leave the company, decide how much compensation he will receive in such a scenario.

Megha Goel

Megha is a content writer with sharp technical skills, owing to her past experience in networking and telecom domains. She focuses on various topics including productivity, remote work, people management, technology, market trends, and workspace collaboration.