With the number of cyberattacks on the rise, businesses are left at risk of data breaches that can be devastating to not only their data but also their customers’. Many businesses lack the internal technical expertise to protect themselves from these vulnerabilities. By Kelsi Trinidad
With the number of cyberattacks on the rise, businesses are left at risk of data breaches that can be devastating to not only their data but also their customers’. Many businesses lack the internal technical expertise to protect themselves from these vulnerabilities.
According to data gathered by Statista, the security services market is booming and is expected to reach $116.2 billion by 2029. Opportunity abounds for entrepreneurs who want to tap into this hot market and provide an increasingly essential service.
CyberGlobal started in Europe in 2017, offering cybersecurity consulting services, finding weak points in businesses’ systems and providing the recommended steps to fix them. Today, the company is expanding its services to the U.S. with a franchise model that’s scalable and built for growth. Franchisees can diversify their revenue streams with over 20 services they can provide to businesses, including recurring services.
Although CyberGlobal offers a technical service, people who don’t have technical experience are ideal as franchisee candidates. The role of a franchisee is more of a sales and marketing position, expanding the business’s customer base and recurring revenue through annual audits. A background in IT is not necessary for franchisees’ cybersecurity businesses to thrive.
The technical side of the auditing and consulting services is handled by the corporate team’s seasoned engineers. By having a centralized group of trained engineers at the corporate office, franchisees can focus on growing their business. This year, CyberGlobal is looking to bring on at least 15 new U.S.-based franchisees.
“I just really like to help people get into their own business,” said Managing Director Ken Boyce. “Since I’ve been in my own business for 25 years, I’ve kind of walked the walk. So when I get on the phone with people and they’re interested in their franchise opportunity, I don’t look at it like we’re trying to sell them a franchise. We’re trying to help them be a good fit and see if they’re going to be successful in this business.”
Through its U.S. expansion, CyberGlobal is focused on developing a strong network of franchisees who help one another build successful businesses.
Kelsi Trinidad