8 Project Management Consulting Business Success Stories [2024]
With businesses increasingly recognizing the importance of efficiency, starting a project management consulting business could be your next venture.
In simple terms, this business involves helping organizations streamline their projects, ensuring they meet deadlines and stay within budget. As a project management consultant, youβll assess current practices, identify pain points, and implement strategies to drive productivity and success.
The beauty of this idea lies in its growing demand. Companies of all sizes seek expertise to navigate complex projects without the overhead of a full-time employee. The role requires a keen understanding of various industries, strong organizational skills, and effective communication.
If you thrive on problem-solving and enjoy making a tangible impact on business operations, launching a project management consulting business could be both fulfilling and lucrative. The investment is primarily your expertise and time, making it a cost-effective entry point into the world of consulting.
In this list, you'll find real-world project management consulting business success stories and very profitable examples of starting a project management consulting business that makes money.
1. Aim2Assist LLC ($792K/year)
Mary Marsh, the founder of Aim2Assist, was inspired to start her virtual assistant services company after working part-time for a competitor. As a single mom in need of extra income, she saw an opportunity in the virtual assistant industry and decided to create her own company. Since its launch in 2014, Aim2Assist has experienced significant growth and currently generates monthly revenue of $66K, with a team of 15 virtual executive assistants.
How much money it makes: $792K/year
How much did it cost to start: $1K
How many people on the team: 18
Learn how Mary Marsh founded virtual assistant services company, Aim2Assist, which has grown over 75% since its launch in 2014, with monthly revenue currently at $66k, offering premium services primarily to C-level executives.
2. BRCHN Design House ($480K/year)
Sam Birchenough, driven by a childhood passion for building and taking things apart, founded BRCHN Design House in 2015, enduring six months of zero income and $35,000 in debt before turning the business into a success, with current monthly revenues between $20,000 and $80,000.
How much money it makes: $480K/year
How much did it cost to start: $1K
How many people on the team: 1
This case study outlines how BRCHN Design House went from starting with no revenue to bringing in $20,000 to $80,000 monthly, by developing an efficient product design process, leveraging networking opportunities, and retaining clients through exceptional service.
3. VComply ($300K/year)
Harshvardhan Kariwala, the CEO and Founder of VComply, came up with the idea for his business after experiencing compliance issues in his previous startup. He realized the need for a tool that could track and manage governance, risk, and compliance workflows, leading him to develop VComply as an internal tool. After accidentally attracting the interest of the City of Boston, Harshvardhan recognized the potential of his product and decided to launch it as a business. Since then, VComply has received funding and has been steadily growing, with plans to expand further in the future.
How much money it makes: $300K/year
How many people on the team: 40
VComply CEO and Founder Harshvardhan Kariwala turned an internal governance, risk, and compliance (GRC) tool into a successful business, raising seed and Series A rounds of $2.5M and $6M, respectively, and projecting expansion into Australia, New Zealand, and Europe in 2022.
4. SolutionBuggy ($240K/year)
Arjun Bharadwaj, Founder & CEO of SolutionBuggy, came up with the idea for his business after recognizing the dearth of skill sets in the MSME segment of the manufacturing industry. In 2016, he conceptualized the platform and launched it in 2018, aiming to digitize the MSME consulting space in India using AI technology. Today, SolutionBuggy is the largest manufacturing consulting platform in India, with over 50,000 industries and 10,000+ experts registered on the platform.
How much money it makes: $240K/year
How much did it cost to start: $0
How many people on the team: 30
SolutionBuggy is an AI-based manufacturing consulting platform, providing end-to-end solutions for entrepreneurs looking to start the manufacturing industry, having completed over 2000 projects with 50,000 industries and 10,000+ experts registered on their platform, and planning to expand with 20 million registered MSMEs and 300,000 consultants in the next few years.
5. Product Lab ($104K/year)
Long, the founder of Product Lab, came up with the idea for his business after realizing that many startup founders in Vietnam lacked a product mindset. With his co-founders Thinh, Boris, and Ben, who are experts in product development and management, they established Product Lab to provide consulting and training services in digital product management. Despite the challenges of being the first player in the market and a limited budget, Product Lab has achieved impressive milestones, such as being sponsored by Techfest 2020, working with big corporations like Vinpearl and Vinfast, and hosting a webinar with BUV during the COVID-19 pandemic.
How much money it makes: $104K/year
How much did it cost to start: $5K
How many people on the team: 2
Product Lab is a digital product management consulting company in Vietnam that offers consulting and training services and is the pioneer in digital product management consulting in the country.
6. Rebels guide to project management ($96K/year)
Elizabeth, while working at American Express, found out that her skills align perfectly with project management.
Pursuing her interests, she wrote a book on the subject and was in need of a platform to connect with her readers and promote her work.
As a solution, she decided to create a blog where she could share her experience and expertise with the readers interested in the subject.
How much money it makes: $96K/year
Learn how Elizabeth Harrin built Rebels Guide to Project Management from scratch, earning an impressive $96K/year through product sales, memberships, advertising, sponsored content, affiliate revenue, book royalties, and speaker fees, while focusing on organic search traffic and social media growth strategies.
7. Sarah Stewart ($54K/year)
Sarah Stewart transitioned from a 14-year corporate career in the pharmaceutical industry to become a time management coach after a "lightbulb moment" on a Zoom call. Leveraging her project management skills and lived experiences, Sarah's business has served 121 customers and generated $150,000 in lifetime revenue.
How much money it makes: $54K/year
How much did it cost to start: $2K
How many people on the team: 0
A time management coach and project management consultant shares how she transitioned from a corporate career to self-employment, built a successful coaching business, and launched a transformative program that has received rave reviews and changed lives.
8. DigitalCollars ($20.4K/year)
David Arroyo, the founder of DigitalCollars, came up with the idea for his digital consultancy after working in manufacturing for nine years and realizing the gap between software and factories. He saw the need for optimizing and automating processes in small and medium-sized factories that were still relying on spreadsheets for production. After implementing digital solutions in his own factory and seeing the positive impact, he decided to monetize his productivity tools and offer his services to other manufacturing companies.
How much money it makes: $20.4K/year
How much did it cost to start: $300
How many people on the team: 0
DigitalCollars is a digital consultancy created by founder David Arroyo to provide software solutions for manufacturing companies, generating an average of $1,700 per month while working full-time, targeting the small and medium-size factories market with potential for growth.
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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.
