12 Management Consulting Business Success Stories [2024]
Management consulting helps organizations improve performance by developing strategies to solve issues, create value, and maximize growth. A management consultant deploys his skills in providing objective advice and expertise to help organizations develop skills they may lack.
The management consultant is primarily concerned with the company's strategy, structure, management, and operations.
The role of a management consultant is to review operations and identify options for the organization and suggest recommendations for change, as well as advise on additional resources. Management consulting offers the flexibility of working as a full-time employee, a self-employed professional, or a contractual consultant.
To become a management consultant, complete a relevant degree program and work as an intern to gain experience so you can discharge your duties confidently.
In this list, you'll find real-world management consulting business success stories and very profitable examples of starting a management consulting business that makes money.
1. Busch Global ($12M/year)
John's passion for entrepreneurship and business growth motivated him to create Busch Global first as a franchise and a development partner. His early successes demonstrated the potential of franchising, inspiring the business idea.
How much money it makes: $12M/year
How much did it cost to start: $20K
How many people on the team: 0
This case study follows the founder of Busch Global, a uniquely oriented franchise sales organization, as he details how he transitioned the company to focus on growth and networking, and offers advice for aspiring entrepreneurs looking to find success.
2. Assuras ($5.2M/year)
Tyler King, the serial entrepreneur and CEO of Assuras, came up with the idea for his consulting firm through his previous ventures in technology and executive coaching. He combined his learnings from engaging with leaders in his prior venture and his education from leading institutions to form Assuras, a global management consulting firm that takes on complex challenges and provides impactful solutions for its clients. With a focus on cross-functional teams and innovative approaches, Assuras has tripled its market share within its first two years.
How much money it makes: $5.2M/year
How much did it cost to start: $1.2M
How many people on the team: 27
Assuras, a global management consulting firm that focuses on solving impactful challenges for growth-stage companies with 500-2000 employees, successfully tripled their market share in their initial two years from inception by building cross-functional, diverse teams that provide alternative ways of looking at problems and offering risk-free consulting and action plans with clients who commit to implementing their recommendations.
3. HelloFuture ($3.52M/year)
Kalaboukis, a futurist and innovator, always dreamt of living in the future and creating it. After realizing that people's fear of change is what holds them back from embracing innovation, he started hellofuture to provide tools, workshops, and coaching to help individuals and companies innovate without fear. With revenues of around $293k per month and a portfolio of 122 patents, Kalaboukis is helping others create their ideal future.
How much money it makes: $3.52M/year
How much did it cost to start: $1K
How many people on the team: 2
A futurist and innovator has built a business strategy consulting company with revenues of around $293k per month by helping companies increase revenues and patent portfolios, and generate employee engagement, using a set of tools, workshops, and coaching to move people from their comfort zones, with a highly structured process for lead generation that he considers a trade secret.
4. Consulting Success ($2.4M/year)
Michael Zipursky, founder of Consulting Success®, came up with the idea for his business after running and selling several businesses with his cousin Sam. They wanted to create a business that allowed them to work from anywhere and have the freedom to travel. By sharing their expertise and providing valuable content, they built an audience that eventually requested a course and coaching program, leading to the launch of Consulting Success®.
How much money it makes: $2.4M/year
How much did it cost to start: $1K
How many people on the team: 3
Consulting Success® is a 7-figure, highly profitable business that offers courses and coaching programs for consultants looking to start or grow their consulting business, built through iterative content creation and audience validation.
5. StayFi ($960K/year)
Arthur Colker, the Founder and CEO of StayFi, came up with the idea for his WiFi marketing and management company after working as a marketing consultant for a short-term rental operator. He realized that there was a need for a solution that could collect marketing data from guests in rental properties, as the booking platforms didn't share this data. He built an MVP version of the product for his client and then expanded it to other operators in the industry.
How much money it makes: $960K/year
How much did it cost to start: $150K
How many people on the team: 6
StayFi CEO Arthur Colker founded a WiFi marketing and management company that operates in almost 10,000 short-term rental properties from 600+ companies across 10 countries, with a focus on helping customers to introduce their brand and market to guests to book directly.
6. The Clover Collective ($600K/year)
After 15 years in high-level corporate roles and hitting burnout in 2015, Heather Lawson-Bradfield launched The Clover Collective, turning her experience into a six-figure operations management agency that oversees $20 million in client portfolios. Today, the company projects $1 million in revenue for 2024, demonstrating her commitment to supporting neurodivergent entrepreneurs and marginalized communities.
How much money it makes: $600K/year
How much did it cost to start: $100K
How many people on the team: 4
This case study follows the journey of Heather Lawson-Bradfield, founder of The Clover Collective, a virtual ops management agency for creatives, as she shares valuable lessons on building a six-figure business, managing client portfolios worth 20 million, and projecting revenue of $1 million in 2024.
7. Dusseau and Company ($420K/year)
Mark, the founder of Dusseau and Company, drew inspiration from his personal experiences as a former foster child and his professional background in software development. He saw a need to help small businesses and diverse founders build disruptive software companies, and thus, Dusseau and Company was born. With a scientific approach to product development and a commitment to empathy and helping others, Mark has successfully worked with clients like Chevron and JP Morgan Chase, helping diverse founders raise $700k in funding and achieve over $15 million in company valuations.
How much money it makes: $420K/year
How much did it cost to start: $1.5K
How many people on the team: 0
Dusseau and Company is a boutique product development firm focused on helping diverse founders ideate, design, develop, and scale disruptive technology companies, with a leading service of executing different levels of the product development lifecycle, and boasts an impressive metric of helping diverse founders build products that have gone on to raise $700k in funding and over $15 million in company valuations.
8. BizzBee Solutions ($312K/year)
Dancho Dimkov, the founder of BizzBee Solutions, came up with the idea for his business after realizing that freelancing was not a sustainable long-term option. He decided to start his own company that specialized in LinkedIn and email outreach, offering B2B lead generation and sales process services to software providers, high-ticket service providers, consultants, and agencies. Through building meaningful relationships and providing valuable solutions to clients, BizzBee has grown to serve over 400 clients globally in just 5 years.
How much money it makes: $312K/year
How much did it cost to start: $4.25K
How many people on the team: 26
BizzBee Solutions, a LinkedIn and email outreach specialist, grew from 2 to 20+ employees in just 12 months, serving 400+ clients globally, after switching from being generalists to specialists in outreach for high-ticket service providers, agencies, software development companies, and consultants.
9. Artificial Workflow ($120K/year)
Andrew and his co-founder James started Artificial Workflow after noticing consultants, like James at EY, were drowning in manual data processing. Initially offering bespoke AI consulting, they pivoted to a SaaS model, now generating $10,000 in monthly recurring revenue, largely from $299/month enterprise clients.
How much money it makes: $120K/year
How much did it cost to start: $50K
How many people on the team: 2
Case study of a co-founder who transitioned from bespoke AI consulting to a subscription-based platform, generating $10,000 in monthly recurring revenue with 80% from $299/month enterprise clients, through strategies like LinkedIn outreach, SEO, and email marketing, learning costly lessons about starting with quality development.
10. 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.
11. 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.
12. FVA Business Consultancy ($12K/year)
Julmar Grace Locsin, founder of Filipino Virtual Assistance, came up with the idea after experiencing the challenges of transitioning from office jobs to freelancing. Recognizing the potential for freelancing to improve the lives of individuals and families, Locsin and her husband launched FVA to provide training, coaching, and services to empower freelancers. Since its inception, FVA has trained over 25,000 students and aims to become the top online academy in the world.
How much money it makes: $12K/year
How much did it cost to start: $500
How many people on the team: 14
Filipino Virtual Assistance by FVA Business Consultancy, founded by Julmar Grace Locsin, offers online and offline training to empower marketers, enable businesses, and equip freelancers which has trained 25,000 students from their 31 courses, has 16 coaches assigned from different territories, and fifteen in the FVA team for global digital leadership that will impact the world through digitalization, one life at a time.
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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.
