25 Business Ideas For ERP Consultants [2024]
Interested in starting a business as a doctor in 2024?
If managed well, building a business as a doctor could be more lucrative than employment. So, which are the best business ideas for Doctors?
We put together 25 of some of the best doctor business ideas you can start in today.
For each business idea, we'll show you real-world examples of other doctor businesses to help you see what it takes.
Here's the full list:
1. Start a consulting business ($147K/month)
For an ERP consultant seeking to supplement their income or start a side business, launching a consulting practice is a practical and lucrative option. The global consulting industry, valued at approximately $250 billion, is experiencing significant year-over-year growth, offering numerous opportunities for entrepreneurial-minded professionals.
As an ERP consultant, you could leverage your specialized knowledge and experience to provide tailored advice to businesses looking to implement, upgrade, or optimize their ERP systems. By positioning yourself as a trusted advisor, you could attract a diverse array of clients, ranging from small businesses to large enterprises, eager to improve their operational efficiency and bottom line.
To ensure a successful start, consider reading about the entrepreneurial journeys of other industry experts, which can offer valuable insights and strategies to shape your approach. This could help you build a roadmap for your consulting business, allowing you to capitalize on the booming demand while aligning with your specific expertise and career goals.
How much you can make: $100 — $1,666,667/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
Cybersecurity consulting firm Eden Data, launched in March 2020, scaled to four team members and generated over $45k MRR without large startup costs through their unique Virtual CISO offering, which outsources cybersecurity and compliance needs for a flat monthly price, rather than charging by the hour or for long-term commitments.
2. Start an AI-based business ($27.9K/month)
As an ERP consultant, you could leverage your expertise to develop an AI-based business that enhances ERP systems. Imagine creating AI-driven tools that optimize inventory management, predict equipment maintenance schedules, or automate financial reconciliations. These innovations could help companies streamline their operations, reduce costs, and gain valuable insights from their data.
By integrating AI into ERP solutions, you could offer additional value to your clients and position yourself as a leader in the evolving tech landscape. Whether it's developing custom AI modules or offering AI consulting services, the potential to supplement your income and even start a full-fledged business is substantial. With your background and understanding of ERP systems, you could be at the forefront of driving efficiency and innovation in various industries.
How much you can make: $100 — $200,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 40 days (?)
LowCode Agency uses no/low code tools to build custom-made apps at 80% lower cost and 70% faster than traditional app development agencies, growing double digits every month and targeting $150,000 in sales in their first year.
3. Start a b2b lead generation service ($172K/month)
As an ERP consultant, starting a B2B lead generation service could be a seamless extension of your existing expertise. Given your familiarity with business operations and data management systems, you could leverage these skills to identify and connect potential business clients for various companies. Your insight into how different industries operate would allow you to pinpoint high-quality leads more effectively than a less experienced individual.
Moreover, your experience with sales, data analysis, and relationship-building would be invaluable in crafting tailored outreach strategies and utilizing technology tools to build a robust pipeline of prospective clients. By offering a B2B lead generation service, you could provide significant value to businesses looking to expand their client base, thereby creating a steady stream of income for yourself. In an entrepreneurial landscape where every business needs a constant influx of leads, your service could quickly become indispensable.
How much you can make: $500 — $1,250,000/month
How long does it take to build: 165 days (?)
A 20-year-old digital nomad and serial entrepreneur shares his journey of starting a successful digital marketing agency, Nomads with Solutions, which specializes in Facebook lead generation, and offers insights on client acquisition, personal branding, and focusing on self-improvement.
4. Start a micro saas ($83.3K/month)
As an ERP consultant, you could leverage your deep industry knowledge and client relationships to develop a micro-SaaS product that addresses niche pain points within the ERP ecosystem. By pinpointing specific problems that traditional ERP systems or broader SaaS solutions overlook, you could create highly targeted software that delivers substantial value to a niche market.
Given your in-depth understanding of the complexities and nuances of ERP systems, you'll be well-positioned to design solutions that precisely meet your customers' needs. This focused approach not only ensures precision but also establishes stronger customer relationships, fostering trust and loyalty.
By continuously prioritizing customer feedback, you could refine and enhance your product, ensuring its relevance and long-term success in the market. Thus, a micro-SaaS business could serve as a lucrative side venture or even a full-time entrepreneurial pursuit, leveraging your existing expertise as an ERP consultant.
How much you can make: $117 — $1,766,666/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
SuperLemon, a WhatsApp plugin for Shopify eCommerce stores, crossed $29,000 in MRR as of July 2020, with 20,000 users from 50+ countries and 1700+ paying customers, all acquired through organic marketing strategies and a relentless focus on customer service and satisfaction.
5. Start a social media automation business ($139K/month)
As an ERP consultant, you could leverage your technical expertise and understanding of business processes to venture into the social media automation business. Imagine developing or integrating sophisticated tools that help clients—ranging from small businesses to influencers—schedule posts, automate interactions, and analyze social media data efficiently.
With the ever-growing demand for robust social media engagement, this side business could not only supplement your income but also position you as a go-to expert in the field. Your familiarity with software systems and data analysis gives you a unique edge in creating solutions that are both effective and user-friendly.
By staying updated on social media trends and client needs, you could build relationships that enhance your service offerings, making this venture both lucrative and fulfilling.
How much you can make: $4,000 — $400,000/month
How long does it take to build: 50 days (?)
MeetEdgar, a bootstrapped social media automation tool founded in 2014 by Laura Roeder, has grown to $4 million in annual recurring revenue and more than 5,000 customers, with a team size of two dozen, achieved through content marketing, social media marketing, and organic search.
6. Start a technology consulting business ($137K/month)
Starting a technology consulting business could be a natural extension of your expertise as an ERP consultant. Leveraging your deep understanding of enterprise systems, you could provide critical insights and solutions to startups and businesses struggling to align their technology with their corporate strategies. Many business owners do not have an IT background, making your skills highly valuable in helping them navigate the complex landscape of current technology trends.
By becoming a technology consultant, you could connect companies with technology innovation advisors to solve their most pressing enterprise challenges. This service is indispensable for organizations aiming to use technology to drive innovation and growth. With your IT skills and sector experience, this side business could easily become a lucrative venture, supplementing your income or even evolving into a stand-alone enterprise.
How much you can make: $150 — $1,200,000/month
How long does it take to build: 100 days (?)
How a Ph.D. in computer engineering created a patented agile framework and turned it into a profitable training and consulting business, after realizing that his accumulated technology knowledge was losing value over time.
7. Start a startup instructing business ($28.4K/month)
Starting a startup instructing business could be an excellent opportunity for ERP consultants looking to supplement their income or establish a side business. With your expertise in enterprise resource planning systems, you could guide fledgling businesses in effectively planning their workflows, setting up their financial systems, and creating strategies for scalable growth. Your deep understanding of business optimization and systems integration could provide invaluable insights to new entrepreneurs.
You could leverage your existing knowledge and network to offer specialized advice tailored to specific industries or niches. By starting with a basic website or social media profiles to promote your services, you can attract potential clients and establish a strong online presence without significant upfront costs. Offering affordable rates initially would help build your reputation, leading to word-of-mouth referrals and a growing client base.
How much you can make: $1,000 — $100,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 75 days (?)
GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.
8. Start a cloud management software ($129K/month)
As an ERP consultant, starting a cloud management software venture could be a rewarding and lucrative opportunity. Given your understanding of enterprise systems, you could develop software that helps companies manage their cloud resources efficiently, overseeing everything from data storage to security compliance. This would involve creating user-friendly interfaces and robust backend systems to enhance the monitoring and optimization of cloud infrastructure.
The market demand for cloud management tools is vast, spanning industries from healthcare to finance. As more organizations migrate their operations to the cloud, your software could fulfill a critical need in this rapidly growing sector. If you have a flair for software development and enjoy solving complex problems, this venture could supplement your income or even evolve into a full-fledged business.
How much you can make: $25,000 — $330,000/month
How long does it take to build: 180 days (?)
Third Wave Analytics developed the world's first cloud-based and customizable LIMS platform on Salesforce, generating $330k monthly revenue from clients such as Ohio State University and Boston University School of Medicine while partnering with the University of California-Berkeley for a COVID-19 study; founder Savitra Sharma advises aspiring entrepreneurs to focus on clear objectives to meet their goals.
9. Start a niche web design business ($50K/month)
As an ERP consultant, you could leverage your industry knowledge and technical skills to start a niche web design business tailored to sectors you are familiar with, such as manufacturing or logistics. By specializing in creating websites for businesses within a specific industry, you could quickly establish yourself as an expert capable of understanding and addressing the unique needs of your clients. Your existing analytical thinking and problem-solving skills would be advantageous in meeting the technical challenges of web design, while your attention to detail ensures high-quality results.
Furthermore, strong communication and teamwork skills would allow you to collaborate effectively with clients and other stakeholders, ensuring that the website meets their specific requirements and goals. With proficiency in visual design, HTML, CSS, and JavaScript, you could provide end-to-end web solutions that significantly enhance your clients' online presence. Narrowing your focus to a particular niche not only positions you as a specialized expert but also allows you to command higher rates for your tailored web design services.
How much you can make: $200 — $200,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 50 days (?)
Never Settle, a digital agency with over 1,000 completed projects and a focus on lean methodology and building relationships with clients, has made a name for itself in the eCommerce space, offering comprehensive solutions to businesses of all sizes while maintaining consistent and moderate growth.
10. Start a lead generation service ($287K/month)
As an ERP consultant, you could easily leverage your analytical and strategic skills to start a lucrative lead generation service. Given your expertise in understanding complex business processes and data, you would be well-equipped to create tailored strategies and campaigns that effectively capture and convert potential customers into actionable leads.
In today's digital age, businesses are in desperate need of high-quality leads to maintain a competitive edge. By combining your background in ERP with digital marketing and data analysis, you could offer a service that not only supplements your income but also significantly boosts the growth and success of your clients. This could be the ideal entrepreneurial venture for someone who excel in optimization and efficiency.
How much you can make: $4,000 — $1,600,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 90 days (?)
Stackmatix achieved $20k MRR in under two years by providing integrated digital marketing solutions for businesses, from start-ups to Enterprises, with a holistic, consultative approach, and currently they're pacing towards their goal of $50k MRR in another six to twelve months.
11. Start a customer intelligence analytics business ($107K/month)
Starting a customer intelligence analytics business could be a natural extension of your skills as an ERP consultant. With your expertise in managing and optimizing enterprise resource planning systems, you already possess the analytical prowess and problem-solving mindset essential for analyzing customer data. By leveraging your strong communication skills, you could help businesses understand their customers better, enabling them to make data-driven decisions that enhance marketing and sales strategies.
Given the growing demand for actionable customer insights, you could find yourself in high demand if you assist companies in turning raw data into valuable intelligence. Platforms like Verint, which generated $1.3 billion in revenue in 2022, demonstrate the lucrative potential and widespread application of customer intelligence analytics.
Whether you seek supplementary income or aim to establish a new business venture, your existing skill set positions you well for success in this evolving field. By helping businesses of all sizes improve customer retention and make informed strategic decisions, you could significantly impact their bottom line while establishing a rewarding side business or standalone operation.
How much you can make: $100 — $840,000/month
How long does it take to build: 180 days (?)
EspoCRM, an open-source CRM application for small and mid-size businesses, has seen an average of over 16,000 downloads per year and makes up to $30k per month, offering efficient tools to systematize customer data, improve sales cycles, and automate routine administrative tasks.
12. Start a business communications software ($1.48M/month)
As an ERP consultant, you could leverage your expertise to venture into the business communications software industry. Your understanding of intricate workflows, data flows, and business requirements positions you perfectly to create cutting-edge tools that facilitate seamless communication within and between companies. This not only meets a critical need but also positions your product to amplify productivity, streamline processes, and ultimately increase profitability for your clients.
With the rise of remote work and technology-driven collaborations, the market for reliable and user-friendly communication software is expansive. By developing robust solutions that bridge communication gaps and enhance collaboration, you could foster a more engaging and efficient work environment for businesses. As an ERP consultant with entrepreneurial aspirations, venturing into this space offers you the opportunity to shape how businesses interact while breaking new ground in the realm of business software solutions.
How much you can make: $5,000 — $10,000,000/month
How long does it take to build: 180 days (?)
PEAR Cards is a card-based tool/game that empowers players to open up and initiate positive conversations, and with the help of Ad Magic, their Kickstarter had an all-or-nothing fundraising goal, which they met with so much support the company is now growing through the power of Twitter and Instagram.
13. Start a data mining and analytics tools business ($237K/month)
As an ERP consultant, starting a data mining and analytics tools business could be a natural extension of your existing expertise. You could leverage your deep understanding of enterprise resource planning systems to develop software that processes and analyzes vast amounts of data. This could uncover actionable insights for key industries such as finance, healthcare, and retail that are increasingly reliant on data-driven decision-making.
Identifying and targeting these industries would be crucial, and your technical skills in programming, statistics, and machine learning would be invaluable in creating effective tools. By offering businesses the intelligence they need to make better strategic decisions, you could drive both their success and your own entrepreneurial journey.
In essence, this business idea marries your current ERP knowledge with the booming demand for sophisticated data analysis, providing a lucrative and intellectually stimulating opportunity.
How much you can make: $450 — $1,500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 107 days (?)
Parseur, the data extraction tool, helps businesses automate their data entry process, catering to multiple industries such as food delivery, real estate and marketing, and has grown to over $40k in revenue per month since its launch in 2017.
14. Start a project management tool ($162K/month)
As an ERP consultant, starting a project management tool business could be a natural extension of your expertise. You have an intricate understanding of how businesses operate and the challenges they face in planning, tracking, and managing complex projects. By developing a project management tool that includes features like task lists, Gantt charts, time tracking, and resource planning, you could address specific pain points that your clients encounter regularly.
Offering this tool as a web or mobile application through a software-as-a-service (SaaS) model could create a recurring revenue stream and allow for continuous improvements and updates based on user feedback. Given organizations' continuous need to enhance workflow, accountability, and efficiency, an innovative and user-friendly project management tool could garner significant interest and adoption, positioning you as a solution provider in both ERP consulting and project management arenas.
How much you can make: $3,000 — $830,000/month
How long does it take to build: 178 days (?)
GreenRope, a self-funded CRM and marketing automation platform with over 1,000 customers in 20 countries, was built organically and focused on creating a positive, customer-centric culture without outside investment, with an all-in-one interface solving challenges in managing sales, marketing, customer service, and operations.
15. Start a data analytics software business ($454K/month)
Starting a data analytics software business would make perfect sense as an ERP consultant due to your deep understanding of enterprise resource planning and the intricate data systems organizations rely on. You could leverage your expertise to create specialized software that integrates seamlessly with ERP systems, enabling businesses to gain actionable insights from their data.
Given your knowledge of various industries, you could identify specific niches that face challenges in data interpretation, and develop user-friendly dashboards and custom reporting tools catered to those needs. Marketing your software by highlighting its ability to simplify complex data and enhance decision-making processes could attract a wide range of clients enticed by the potential for improved efficiency and strategic planning.
By bridging the gap between comprehensive data analytics and ERP systems, you can build a successful side business or even a full-time venture that delivers significant value to your clients, turning your consultancy skills into a dynamic entrepreneurial opportunity.
How much you can make: $1,000 — $4,200,000/month
How long does it take to build: 150 days (?)
Diesel Laptops, a B2B company that sells diesel diagnostic hardware, software, and services, successfully doubled revenue each year to make $20 million annually within three years, grew from its founder's garage and dining room table to a 21,000 square foot facility with over 90 employees by listening to customer pain points and offering the bundled products, technical support and repair information to attract and retain diesel technicians and repair shop owners.
16. Start a laundromat ($54.7K/month)
As an ERP consultant considering entrepreneurial ventures, starting a laundromat could be an excellent way to supplement your income or embark on a new business journey. With your analytical skills and experience in optimizing business processes, you could efficiently manage the operations of a self-service laundromat, ensuring that it runs smoothly and profitably.
By strategically locating the laundromat in high-traffic areas and setting competitive prices, you could maximize revenue. Additionally, your expertise in systems could enable you to integrate modern payment solutions, such as card-operated machines, enhancing customer experience and operational efficiency. This side business could serve as a steady source of passive income while you continue to excel in your primary career as an ERP consultant.
How much you can make: $9,300 — $100,000/month
How long does it take to build: 75 days (?)
Pick My Laundry, India's on-demand laundry and dry-cleaning service provider has developed a mobile app and website serving almost 50,000 customers in its first year after signing up 100 third-party laundry services and franchising its model with over 50 franchises across more than 15 Indian cities.
17. Start a hockey stick manufacturing business
As an ERP consultant, you could leverage your expertise in system optimization and supply chain management to streamline the production process of a hockey stick manufacturing business. You might identify cost-saving opportunities through better inventory management or enhance productivity by automating various stages of manufacturing. Additionally, your knowledge of data analytics could help predict market demands and manage resources efficiently.
Beyond optimizing operations, you could also use your professional network to form strategic partnerships with suppliers and distributors, ensuring a steady supply chain and broadening your market reach. Your consulting experience makes you well-equipped to navigate the complexities of starting and scaling a business, turning your side venture into a profitable endeavor.
18. Start a beverage company ($1.48M/month)
As an ERP consultant, you could leverage your project management skills and business acumen to start a beverage company. For example, you might excel at orchestrating the supply chain, production planning, and distribution networks that are crucial in the beverage industry. Your ability to understand complex systems and improve operational efficiency could give you a significant edge in ensuring your beverage company's smooth operations.
Additionally, your experience with data analysis and market trends could help you identify innovative and competitive drink options to introduce to the market. Whether you choose to produce juice, soda, beer, or even bottled water, your knack for strategic thinking could help you carve out a niche in this dynamic industry. By combining your love of food and drink with your entrepreneurial spirit, you could create a beverage company that not only supplements your income but also fuels your passion for innovation.
How much you can make: $500 — $12,000,000/month
How long does it take to build: 250 days (?)
BruMate is a successful insulated drinkware brand focused on the adult beverage community, with a flagship product that generated $2.1M in sales in 2017 and is now doing over $1.1M per month in sales, with plans to do $20M this year.
19. Start a clutches designing and production business
As an ERP consultant, you could leverage your project management skills and attention to detail to start a clutches designing and production business. Your analytical capabilities would be instrumental in streamlining the production process, managing inventory, and ensuring timely deliveries, all of which are crucial aspects of a successful fashion accessory venture.
Moreover, your existing network and professional client base might serve as an excellent market for your products, offering a unique blend of practical utility and stylish appeal. This side business could not only supplement your income but also provide a creative outlet, allowing you to apply your organizational talents in a wholly different industry.
20. Start a consultancy business ($38.6K/month)
Starting a consultancy business could be an excellent way for an ERP consultant to supplement their income or even transition into an entirely new business venture. Given your expertise in streamlining business operations and helping companies achieve their goals, your skill set is perfectly aligned with the growing demand for business consultants. According to the US Bureau of Labor, this field is poised to grow by 11% in the next few years, signaling a robust opportunity for entrepreneurial-minded ERP consultants.
As a business consultant, you could focus on IT, finance, marketing, supply chain management, HR, operations, engineering, or security—areas where companies often require specialized guidance. By leveraging your existing industry knowledge and joining professional groups to hone your skills further, you could position yourself as a sought-after expert, helping businesses navigate complex challenges and implement effective ERP solutions. This not only opens up additional revenue streams but also allows you to diversify your professional endeavors.
How much you can make: $5,000 — $100,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 30 days (?)
Third Eye Advisors is a boutique Registered Investment Advisor (RIA) providing customized financial planning and investment solutions to millennial business owners, founded by Arthur Robertson with start-up costs of approximately $10,000 to $15,000, recouping those costs within three months of serving clients, while the team is currently expanding and looking for Financial Advisors to come on board in Q4 2020.
21. Start a technical specialist business ($226K/month)
Starting a technical specialist business could be a practical way to supplement your income or even transition into an entirely new venture as an ERP consultant. Leveraging your strong technical skills and problem-solving abilities, you could offer on-demand technical support and services such as software troubleshooting, network setup, and cybersecurity assessments. This business model is especially appealing to small and medium-sized enterprises (SMEs) that lack the in-house expertise to manage complex tech challenges.
The allure of this business lies in its flexibility and scalability. You could operate independently, addressing a range of tech issues for different clients, or build a small team of experts specializing in various niches like cloud computing, data recovery, or tech consultancy. This versatility enables you to tailor your services to meet the specific needs of your clients, making it a potentially fulfilling and profitable endeavor.
By starting a technical specialist business, you have the opportunity to leverage your ERP consulting skills to help other businesses run more efficiently. This not only maximizes your current expertise but also opens up new avenues for professional growth and financial gain.
How much you can make: $2,800 — $720,000/month
How long does it take to build: 67 days (?)
Techintern.io connects startups and tech companies with the best software developer students at colleges across North America and has achieved #1 Product of the Day and #2 Product of the Week on Product Hunt, making $15,000 per month.
22. Start a business growth service ($151K/month)
As an ERP consultant, you could start a business growth service to supplement your income or even transition into a full-time entrepreneurial venture. Leveraging your expertise in analyzing and optimizing business operations, you could assist companies in scaling efficiently by providing tailored support designed to enhance their market presence, streamline processes, and boost revenue. This involves developing and implementing strategic growth plans, improving marketing and sales efforts, and optimizing customer acquisition and business models.
Considering the increasing complexities of the modern business environment, companies are more willing to invest in specialized growth services to navigate transformative changes effectively. Your background in ERP systems positions you uniquely well to analyze performance data, identify areas for improvement, and craft strategies that align with business goals. If you have a passion for strategic thinking and a drive to help businesses succeed, a business growth service could prove to be a highly rewarding and profitable venture for you.
How much you can make: $1,000 — $1,500,000/month
How much does it cost to start: $1,000 (?)
How long does it take to build: 60 days (?)
GrowthMentor, a platform connecting vetted growth mentors for one-on-one calls, founded by Fotis Panagiotakopoulos, has had over 2,500 mentorship calls booked to date and has seen success in using word of mouth, content marketing, and leveraging other people's networks as the primary drivers of customer acquisition.
23. Start an online learning platform ($30.5K/month)
Starting an online learning platform could be a highly lucrative opportunity for an ERP consultant. With your expertise, you could create specialized courses that address common challenges and advanced topics in ERP systems, helping businesses and individuals optimize their ERP usage. This platform would cater to the growing demand for skill advancement and professional development, making it an appealing venture in 2024.
Given the high demand for online learning services, your platform could attract a wide array of learners looking to enhance their ERP knowledge. Even if you’re not tech-savvy, hiring an experienced web programmer or purchasing a ready-made platform can streamline the setup process. By ensuring features like user accounts, course search functionality, and secure transactions, you could create an engaging and trustworthy space for ERP-related education.
How much you can make: $1,200 — $120,000/month
How much does it cost to start: $1,750 (?)
How long does it take to build: 52 days (?)
Online learning community Frontend Mentor has over 200,000 members, with over 1,500 paid subscribers generating over $15,000 MRR, offering professionally designed challenges to improve front-end coding skills with a freemium business model and a focus on real-life experience.
24. Start a website creation tool ($85.7K/month)
As an ERP consultant, you could leverage your deep understanding of business processes and systems to create a website creation tool that targets small to medium-sized enterprises (SMEs). By offering a platform that simplifies website development with drag-and-drop features and customizable templates, you could help these businesses establish a strong online presence without the need for extensive technical skills. Your unique insight into ERP systems can be invaluable in integrating these websites with backend systems, streamlining operations and improving efficiency.
Additionally, your existing network and industry expertise would allow you to identify specific pain points that your tool could address, making it highly relevant and marketable. This venture could provide you with a supplementary income stream, and, given the growing demand for accessible website creation, it could very well evolve into a full-fledged business. Innovating in this space would not only benefit your clients but also position you as a forward-thinking consultant in the digital era.
How much you can make: $1,000 — $250,000/month
How long does it take to build: 150 days (?)
Mandarin Monkey is a Mandarin/Chinese content creator business run by a husband and wife team, with over 250 videos on YouTube and 62 podcast episodes, and has seen their Patreon support grow steadily every month.
25. Start a holding company
As an ERP consultant, starting a holding company could provide a strategic way to diversify your income streams and leverage your expertise. By creating a holding company, you could invest in or acquire complementary businesses such as specialized ERP software firms, IT consulting services, or even niche market solutions that align with the ERP landscape. This approach could enable you to broaden your influence in the industry while generating passive income through dividends and the appreciation of your investments.
Furthermore, a holding company could offer opportunities to manage risks more effectively by compartmentalizing different business ventures under one umbrella. This structure might allow you to benefit from economies of scale, pooled resources, and centralized management, thus optimizing operational efficiencies across various enterprises. With your industry knowledge, you could strategically identify and nurture promising startups or partnerships, ultimately creating a robust business portfolio that enhances your financial stability and growth prospects.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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