Risk Management Consulting Business

Risk Management Consulting Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

A risk management consultant is an advisor who helps individuals and businesses assess their risks and develop a plan to minimize their risk exposure.

To become a risk management consultant, register for a bachelor’s degree in business management, statistics, finance, or a related area. Earning specific fellowship certifications and professional credentials will help you become a professional risk management expert.

In this list, you'll find real-world risk management consulting business success stories and very profitable examples of starting a risk management consulting business that makes money.

1. White Bullet ($1.2M/year)

Peter Szyszko, a former intellectual property lawyer, founded White Bullet after realizing the need for efficient processes to differentiate between legal and illegal online content. By using AI and machine learning, White Bullet has developed an IP Infringement Analytics Platform that identifies infringing websites and tracks the advertising funding them. The company has experienced significant growth, attracting clients from the media industry, government, and law enforcement sectors.

How much money it makes: $1.2M/year
How many people on the team: 16

How We Developed A Leading IP Infringement Analytics Platform

White Bullet CEO and founder, Peter Szyszko, discusses how he identified and began targeting IP-infringing websites and apps with his IPI Analytics Platform, which has seen the company grow and expand into new areas such as social media antipiracy and connected TV.

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2. 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

This Solo Founder Turned An Internal GRC Tool Into A $300K/Year Business

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.

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Read by 4,719 founders