Startup Management Business Success Stories [2024]
Looking to guide the next wave of innovative businesses? Consider starting a startup management business. This venture involves offering targeted support to budding startups, assisting them with strategic planning, operational setup, and scaling efficiently.
With the high failure rate of startups, your service could be a game-changer for entrepreneurs seeking expertise to navigate complex business terrains. From crafting business plans to advising on fundraising, your role will be multifaceted and impactful.
Getting into this arena does require a robust understanding of business fundamentals and the ability to form trusting relationships with clients. However, the satisfaction of seeing a startup you advised flourish is unmatched.
If you're passionate about entrepreneurship and problem-solving, a startup management business could be the perfect blend of challenge and reward.
In this list, you'll find real-world startup management business success stories and very profitable examples of starting a startup management business that makes money.
1. SP Tech Inc ($360K/year)
In 2015, Bhanu Kommula and his co-founders, while balancing their day jobs, discovered the complexities businesses faced with Salesforce. Leveraging their expertise in Microsoft technologies, they pivoted and upskilled to focus exclusively on Salesforce, growing SP Tech to serve 57+ global customers and completing 150+ projects with a 92% success rate.
How much money it makes: $360K/year
How much did it cost to start: $1K
How many people on the team: 25
SP Tech is a Salesforce certified consulting partner, helping businesses across the globe to develop, sustain, and manage the digital ecosystem for years now, with 57+ customers, 150+ completed projects and a 92% success rate.
2. Startups of London ($72K/year)
Startups of London was founded by an entrepreneur who noticed a lack of rich media content about the startup scene in London. With a background in understanding human behavior and previous experience in startups, the founder launched the business in September 2019 as a documentary company profiling startups with video and rich content. The pandemic shifted their focus to SEO and discovering niche areas of need, resulting in impressive growth with over 100,000 people reached and becoming the number one organic result for key search terms in their audience.
How much money it makes: $72K/year
How many people on the team: 4
Startups of London is a media company profiling startups in the UK with a focus on high-value content creation that has seen over 100,000 people reached and is the number one organic result for many key search terms, since their launch in September 2019.
3. Commissioning and Startup ($42K/year)
Paul Turner, a professional electrical engineer and project management professional, came up with the idea for his business, Commissioning and Startup, after seeing numerous projects struggle due to poor commissioning. He created a suite of training programs to teach project managers and engineers the structured process of commissioning complex projects. These programs have been well received, with over 10,000 people taking the free intro course and positive feedback circulating on social media.
How much money it makes: $42K/year
How much did it cost to start: $5K
How many people on the team: 1
Learn how one professional engineer created online commissioning training programs to help project managers and engineers deliver complex projects on time and budget, with over 10,000 people taking his free mini-course and growing interest in his courses.
4. Enter Network ($18K/year)
Jochem Gerritsen came up with the idea for Enter Network when he realized that he was having difficulty connecting with other entrepreneurs to learn from. He started hosting meetups in Utrecht and quickly saw demand for more in-depth discussions, leading him to create the peer support group and eventually launch Enter Network as an online community for early-stage entrepreneurs.
How much money it makes: $18K/year
How much did it cost to start: $4K
How many people on the team: 2
Enter Network founder Jochem Gerritsen built a community of 50+ starting entrepreneurs all over Europe, generating $1,500 MRR by running a platform that offers a Slack community, package deals for free services, access to over 20 startup mentors, weekly online meetups, mastermind groups, and more.
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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.