Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Software Expenses

$162

$3,069

Advertising & Marketing Costs

$0

$3,050

Training & Education Expenses

$0

$1,850

Total Startup Costs

$1,136

$27,236

Abercrombie & Fitch

abercrombie.com

4,141

REFINITIV

refinitiv.com

31,559

PeopleAdmin

peopleadmin.com

54,819

eLearning Learning

elearninglearning.com

94,964

YMCA of Greater Charlotte

ymcacharlotte.org

109,251

Bohubrihi

bohubrihi.com

127,245

Homepage

oneyoungworld.com

137,644

John Maxwell Team Online PlatformJohn Maxwell Team Online Platform

johnmaxwellgroup.com

154,718

Sedgwick

sedgwick.com

170,902

CorporateTrainingMaterials.com

corporatetrainingmaterials.com

185,656

Corporate Vision Magazine

cv-magazine.com

187,703

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Ability to start your business from home

It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!

Rewarding work

Starting a corporate trainer can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Meaningful business connections

You never know who you will meet as a corporate trainer. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

Stressful work

This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.

Niche Market

A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Time commitment

With becoming a corporate trainer, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

Difficult to build trust with your customer

With becoming a corporate trainer, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.