Task Management Tool

Task Management Tool Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

Struggling to keep track of tasks and deadlines? Enter the task management tool business. A task management tool is software designed to help individuals and teams organize, prioritize, and streamline their workloads.

By developing such a tool, you're addressing a universal pain point—time management. Your product can help businesses and individuals increase productivity and reduce the chaos associated with juggling multiple tasks.

The allure of this business lies in its scalability and recurring revenue potential through subscription models. Whether it's integrating advanced features like AI-driven task suggestions or simple, intuitive user interfaces, the possibilities for innovation are vast.

Starting a task management tool business requires technical expertise, initial development costs, and ongoing updates to meet user needs. If you're committed to these efforts, the potential rewards make it worth considering.

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

1. Ora ($252K/year)

Nikolay Mihaylov, along with his co-founders Vasil Enchev and Nikolay Yanev, came up with the idea for Ora PM while working at Codemotion in 2015. As they were managing their work with existing project management systems like Trello and Slack, they realized the need for a more sophisticated system with time tracking. Unable to find a suitable solution in the market, they decided to create their own project management system, which eventually evolved into Ora.

How much money it makes: $252K/year
How much did it cost to start: $50K
How many people on the team: 5

How Developing An Internal Solution Led To Building A $21K/Month Project Management System

Ora PM is a project management system that generates an average monthly revenue of $21k, and is designed for use by individuals as well as companies with big projects.

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