Project Management Consulting Business

5 Project Management Consulting Business Success Stories [2024]

Updated: July 4th, 2024

With businesses increasingly recognizing the importance of efficiency, starting a project management consulting business could be your next venture.

In simple terms, this business involves helping organizations streamline their projects, ensuring they meet deadlines and stay within budget. As a project management consultant, you’ll assess current practices, identify pain points, and implement strategies to drive productivity and success.

The beauty of this idea lies in its growing demand. Companies of all sizes seek expertise to navigate complex projects without the overhead of a full-time employee. The role requires a keen understanding of various industries, strong organizational skills, and effective communication.

If you thrive on problem-solving and enjoy making a tangible impact on business operations, launching a project management consulting business could be both fulfilling and lucrative. The investment is primarily your expertise and time, making it a cost-effective entry point into the world of consulting.

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

1. Aim2Assist LLC ($792K/year)

Mary Marsh, the founder of Aim2Assist, was inspired to start her virtual assistant services company after working part-time for a competitor. As a single mom in need of extra income, she saw an opportunity in the virtual assistant industry and decided to create her own company. Since its launch in 2014, Aim2Assist has experienced significant growth and currently generates monthly revenue of $66K, with a team of 15 virtual executive assistants.

How much money it makes: $792K/year
How much did it cost to start: $1K
How many people on the team: 18

SMALLBORDER

I Started A $790K/Year Virtual Assistant Service Business In My Mid 50s

Learn how Mary Marsh founded virtual assistant services company, Aim2Assist, which has grown over 75% since its launch in 2014, with monthly revenue currently at $66k, offering premium services primarily to C-level executives.

Read by 4,686 founders

2. 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

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How We Started A $104K/Year Digital Product Management Consultancy Firm [Vietnam]

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.

Read by 2,584 founders

3. Rebels guide to project management ($96K/year)

Elizabeth, while working at American Express, found out that her skills align perfectly with project management.

Pursuing her interests, she wrote a book on the subject and was in need of a platform to connect with her readers and promote her work.

As a solution, she decided to create a blog where she could share her experience and expertise with the readers interested in the subject.

How much money it makes: $96K/year

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How Elizabeth Harrin Started a $8K/Month Project Management Blog

Learn how Elizabeth Harrin built Rebels Guide to Project Management from scratch, earning an impressive $96K/year through product sales, memberships, advertising, sponsored content, affiliate revenue, book royalties, and speaker fees, while focusing on organic search traffic and social media growth strategies.

Read by 228 founders

4. Sarah Stewart ($54K/year)

How much money it makes: $54K/year
How much did it cost to start: $2K
How many people on the team: 0

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How I Built A Time Management Coaching Business To $150K

A time management coach and project management consultant shares how she transitioned from a corporate career to self-employment, built a successful coaching business, and launched a transformative program that has received rave reviews and changed lives.

Read by 1,839 founders

5. DigitalCollars ($20.4K/year)

David Arroyo, the founder of DigitalCollars, came up with the idea for his digital consultancy after working in manufacturing for nine years and realizing the gap between software and factories. He saw the need for optimizing and automating processes in small and medium-sized factories that were still relying on spreadsheets for production. After implementing digital solutions in his own factory and seeing the positive impact, he decided to monetize his productivity tools and offer his services to other manufacturing companies.

How much money it makes: $20.4K/year
How much did it cost to start: $300
How many people on the team: 0

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This Engineer's $21K/Year Side Hustle Helps Manufacturing Companies Go Digital

DigitalCollars is a digital consultancy created by founder David Arroyo to provide software solutions for manufacturing companies, generating an average of $1,700 per month while working full-time, targeting the small and medium-size factories market with potential for growth.

Read by 2,037 founders