4 Consultancy Business Success Stories [2024]

Updated: June 23rd, 2024
Start A Consultancy Business

According to the US bureau of labor, the demand for business consultants will increase by 11% in the next few years. Business consultants are professionals who help companies achieve their goals or to streamline business operations in a particular business area.

Companies need consultants and management professionals to assist them in IT, finance, marketing, supply chain management, HR, Operations, Engineering, and security matters. If you enjoy providing entrepreneurs professional advice, consider starting a business consultancy career.

To become a business consultant, decide which areas you want your focus to be. Then, earn a bachelor's degree in your area of interest. Then, join industry groups to practice and gain essential skills.

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

1. Emirabiz ($1.2M/year)

Elena and Andrew, the founders of Emirabiz, came up with the idea for their business after seeing a huge demand for business incorporation in the UAE market. They noticed that many consultants in the industry were unprofessional and dishonest, so they aimed to provide better quality services with transparent pricing. Through Google Ads and SEO optimization, they were able to attract and retain customers, reaching an average monthly revenue of over $200K.

How much money it makes: $1.2M/year
How much did it cost to start: $5.5K
How many people on the team: 15

We Make $1.2M/Year Helping People Set Up Their Companies In UAE

Emirabiz, a business consultancy company in Dubai, has grown to 15 full-time employees and boasts an average monthly revenue of over $200k USD by offering transparent pricing and being customer-oriented in assisting people in their business registration in UAE, a country that has seen a huge demand for business incorporation.

Read by 3,644 founders

2. HIC GLOBAL SOLUTIONS ($120K/year)

Piyush Singhal, the co-founder and CEO of HIC Global Solutions, came up with the idea for his Salesforce consultancy business after working with multiple CRMs and recognizing the potential of Salesforce in helping businesses of all sizes. Despite facing financial struggles and working out of a small apartment, the company grew to have offices in four different locations and an estimated yearly revenue of $8M. Through their focus on customer satisfaction and word-of-mouth referrals, HIC Global Solutions has become a leading provider of Salesforce services.

How much money it makes: $120K/year
How many people on the team: 60

I Started A $120K/Year Salesforce Consultancy Business [From India]

HIC Global Solutions provides out-of-the-box Salesforce services to clients across industries, with estimated yearly revenue of $8M, including partnerships that have helped them retain over 60% of their customers, and offering career opportunities.

Read by 3,987 founders

3. Third Eye Advisors ($120K/year)

Arthur Robertson, the founder of Third Eye Advisors, was inspired to start his investment advisory firm after realizing the lack of financial education and literacy among millennials and Gen X. Coming from a background in finance and with a passion for managing and investing money, he saw the opportunity to provide customized financial planning and investment solutions to millennial business owners in the tech and cannabis industries. Within three months of starting the firm, Robertson was able to recoup his initial start-up costs of $10,000-$15,000 from serving clients.

How much money it makes: $120K/year
How much did it cost to start: $13K
How many people on the team: 3

SMALLBORDER

How I Started A $10K/Month Financial Planning And Investment Management Company

Third Eye Advisors is a boutique Registered Investment Advisor (RIA) providing customized financial planning and investment solutions to millennial business owners, founded by Arthur Robertson with start-up costs of approximately $10,000 to $15,000, recouping those costs within three months of serving clients, while the team is currently expanding and looking for Financial Advisors to come on board in Q4 2020.

Read by 6,559 founders