21 Business Ideas For Finance Managers [2024]
Interested in starting a business as a finance manager in 2024?
If managed well, building a business as a finance manager could be more lucrative than employment. So, which are the best business ideas for Finance managers?
We put together 21 of some of the best finance manager business ideas you can start in today.
For each business idea, we'll show you real-world examples of other finance manager businesses to help you see what it takes.
Here's the full list:
1. Start a data analysis service ($42.6K/month)
As a Finance manager, venturing into a data analysis service could be an excellent opportunity to leverage your analytical skills and financial expertise. By offering data analysis services, you could help businesses make sense of their data, providing valuable insights into customer behavior, enhancing marketing strategies, and aiding in crucial business decisions. This not only positions you as an essential part of their growth but also allows you to capitalize on a high-demand, profitable niche.
With your background in finance, you already possess the necessary skills to analyze complex data sets and extract meaningful conclusions. By developing a data analysis service, you could diversify your income streams while also fulfilling an entrepreneurial aspiration. Moreover, effective communication with clients about your findings ensures that they not only understand the data but can act on it to improve their business operations. This dual benefit of offering profitable insights and helping others could make your new venture fulfilling and financially rewarding.
How much you can make: $20 — $250,000/month
How much does it cost to start: $3,500 (?)
How long does it take to build: 90 days (?)
Founder of PropertyData creates a subscription website for UK property investors and developers that is now making $128,000 per month in recurring revenue.
2. Start a seo consultant business ($151K/month)
As a Finance Manager, you could leverage your analytical skills and strategic mindset to start an SEO consulting business. By helping companies improve their website ranking and grow their online presence, you could diversify your income stream while capitalizing on the rising demand for SEO services across various industries.
With your background in finance, you could offer a unique value proposition by tying SEO efforts directly to financial performance, demonstrating a clear ROI for your clients. Whether you decide to make this a side venture or an entirely new business, your expertise in data analysis and strategic planning could set you apart in the competitive field of SEO consulting.
How much you can make: $1,000 — $1,800,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 60 days (?)
Power Move Marketing is an innovative digital marketing company founded by Hailey Brooke McFadden, which has achieved an impressive monthly income of $22,075 and is projected to make almost $300,000 in its first year, by offering a one-stop-shop for e-commerce businesses looking for a marketing powerhouse with a female positive culture.
3. Start a financial service business ($372K/month)
As a Finance manager, you could leverage your expertise to start a financial service business, offering services such as investing, retirement planning, tax preparation, and budgeting. Navigating the complexities of personal and business finances is a challenge for many, and your knowledge, possibly backed by certifications or degrees, could provide the valuable guidance they need.
Your experience in the finance sector positions you well to build trust with clients, and your commitment to staying updated on financial laws and regulations will ensure you offer sound advice. By helping clients achieve their financial goals and fostering financial literacy, you could make a tangible difference in their financial health. If you are passionate about problem-solving and committed to financial excellence, this entrepreneurial venture could not only supplement your income but also offer immense personal satisfaction.
How much you can make: $11,500 — $2,000,000/month
How much does it cost to start: $8,000 (?)
How long does it take to build: 95 days (?)
ConnectionPoint's founder and CEO, Daryl Hatton, shares his experience of launching an enterprise-class crowdfunding-as-a-service platform that has helped almost 200,000 projects in 40+ countries raise over $200 million, and offers valuable insights on taking a focused approach to growth and pivoting the business to solve customer problems.
4. Start a leadership coaching business ($48.5K/month)
As a finance manager, you could leverage your extensive knowledge of business operations and organizational dynamics to start a leadership coaching business. This venture involves working with executives and managers to enhance their leadership skills, emotional intelligence, and overall effectiveness, thereby driving organizational success.
By offering one-on-one coaching sessions, group workshops, and customized training programs, you could assist professionals in unlocking their potential. Your strong communication skills and ability to motivate others will be key assets in this field. Additionally, obtaining professional certification could add credibility to your services, while strategic networking and effective marketing will help build a robust client base.
For those passionate about leadership and eager to make a meaningful impact, this side business could be both personally and professionally rewarding.
How much you can make: $1,000 — $291,000/month
How much does it cost to start: $1,200 (?)
How long does it take to build: 25 days (?)
A 22-year-old entrepreneur from Vienna built a $10k/month personal growth business by executing ideas quickly and targeting needs, as well as delivering quality services and personal connections to his customers.
5. Start a digital marketplace ($418K/month)
As a Finance manager, you could leverage your financial expertise to create and manage a digital marketplace, capitalizing on your understanding of transactions, risk management, and financial security. By developing a platform that facilitates transactions between buyers and sellers, you could generate passive income with relatively low-cost and low-maintenance operations.
Your skills in financial analysis and risk assessment would ensure that the platform operates securely and efficiently, encouraging trust among users. As digital marketplaces like Alibaba and Amazon have shown, providing a secure trading environment with an escrow service can attract a large user base, making it a lucrative venture for someone with your financial acumen.
How much you can make: $1,000 — $2,000,000/month
How long does it take to build: 110 days (?)
Reedsy, a book publishing services marketplace that connects authors with freelancers, has driven over $1m in GMV, features over 1,500 vetted freelance professionals, and sees over 1,000 projects every month.
6. Start a help desk software ($238K/month)
As a Finance manager, you could leverage your analytical and organizational skills to develop help desk software that businesses can use to manage customer inquiries, tech support, and troubleshooting effectively. By providing a platform that streamlines ticketing, tracking, and resolution processes, you could enhance both user satisfaction and operational efficiency.
This side business would allow you to apply your knowledge of operational workflows and financial oversight to offer a comprehensive solution featuring multi-channel support, automated workflows, and real-time analytics. With the increasing recognition of the importance of great customer service among companies of all sizes, the potential for growth and scalability in this venture is significant. If you’re willing to invest in understanding IT infrastructure and coding, this could become a highly impactful and lucrative business.
How much you can make: $4,500 — $830,000/month
How long does it take to build: 178 days (?)
Senthil Kumar spearheads Siva Solutions Inc, a game-changing digital marketing and software development company which caters to dentists using an array of well-crafted products to manage patient data and inquiries, thus enabling efficient management of processes, while boosting them to the 1st page on Google.
7. Start a volleyball accessories business
Starting a volleyball accessories business could be a rewarding opportunity for a finance manager with a passion for sports and entrepreneurship. With recreational sports gaining more popularity, you could tap into a growing market by designing, manufacturing, and selling essential volleyball gear such as knee pads, wristbands, custom jerseys, nets, and portable ball pumps. This niche market offers a chance to provide high-quality, reliable accessories that enhance players' game experiences.
Your financial expertise will be instrumental in conducting thorough market research, managing budgets, and developing strong supplier relationships. You could leverage your analytical skills to identify trends and optimize pricing strategies, ensuring profitability while maintaining competitive pricing. Moreover, your ability to create financial forecasts and manage cash flow will support sustainable growth, making this a feasible and potentially lucrative side business or full-time venture.
How much you can make: $1,000,000/month
CROSSNET, the world's first four-way volleyball game, went from $74,000 in revenue in 2018 to $2,250,000 in sales in just one year by attracting customers through social media, email marketing, and exclusive distribution agreements with retailers like Target.
8. Start a marketing software business ($180K/month)
As a Finance manager, starting a marketing software business could present a unique opportunity to leverage your analytical skills towards a new, dynamic industry. Effective marketing is crucial for business success, and developing tools that help companies automate and manage their marketing efforts aligns perfectly with your expertise in operational efficiency and data analysis.
You could build platforms ranging from email marketing systems to social media management tools, enabling brands to streamline their marketing strategies and stay competitive. The increasing demand for efficient marketing solutions means you could capitalize on a recurring revenue model through subscription fees, offering you a solid and scalable income opportunity.
Moreover, this venture would allow you to empower other businesses to expand their customer base while tackling the challenges of software development, updates, and customer support, making it a rewarding and substantial pursuit for an entrepreneurial-minded individual like yourself.
How much you can make: $350 — $1,250,000/month
How much does it cost to start: $2,550 (?)
How long does it take to build: 30 days (?)
Marketing agency TribalVision grew from a one-man shop to one of the top marketing agencies in Rhode Island and the Boston market, serving over 80 clients and employing 75 full-time marketing specialists, by aligning with clients' needs and focusing on lead generation with online marketing tactics.
9. Start a data protection tool business ($525K/month)
As a Finance Manager, starting a data protection tool business could be a strategic move to capitalize on your industry insights and financial acumen. In today's digital age, the need for robust data protection has never been more critical, and businesses across various sectors are keen to invest in superior security solutions. By developing software that safeguards personal and organizational data from breaches and unauthorized access, you could tap into a lucrative market while addressing a pressing concern for many companies.
Moreover, your understanding of regulatory compliance and risk management can be invaluable in creating tools that help businesses stay compliant with data protection regulations. Whether through encryption, secure storage, or advanced threat detection, your solutions could become indispensable assets for modern enterprises. Leveraging your expertise in finance, you could successfully launch and grow a business that not only supplements your income but also offers essential value to the marketplace.
How much you can make: $100 — $6,000,000/month
How long does it take to build: 227 days (?)
Spokeo is a people information service helping over 15 million users a month search and connect with others through organizing over 14 billion records into easy-to-understand reports generating over $6M per month.
10. Start an online tool ($13.5K/month)
As a Finance manager, you could leverage your industry expertise to identify key pain points in financial tracking or project management, and develop an online tool to address these challenges. This could be a web application that simplifies budgeting, expense reporting, or even financial forecasting, offering value to both businesses and individuals aiming to streamline their financial tasks.
The creation of such a tool would require market research to understand user needs, coupled with skills in programming, design, and marketing—either self-taught or through assembling a skilled team. Given the increasing demand for digital solutions to enhance efficiency and productivity, your tool could provide substantial returns on investment while fundamentally transforming how financial tasks are handled.
In addition to its development, launching an online tool involves continuous improvement based on user feedback and staying abreast of market trends. If you have a strong inclination towards innovation and problem-solving, this venture could pave the way to supplementing your income or even transitioning into a full-fledged business.
How much you can make: $500 — $35,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 70 days (?)
Stagetimer generates $8,000 in monthly revenue by providing a simple online countdown timer for event producers to keep meetings and presentations on time, built based on a need in the market and validated through word of mouth and search engine optimization.
11. Start a water sports instructor business
As a Finance manager with an entrepreneurial mindset, you could leverage your analytical and organizational skills to start a water sports instructor business. This venture allows you to combine a passion for outdoor activities with your ability to manage finances and operations efficiently, creating a potentially lucrative side business or even a new primary income stream.
Given your expertise in financial planning and budgeting, you could optimize costs, forecast revenues, and ensure profitability in the new enterprise. Additionally, your professional network might provide you with initial clients or partnerships, promoting quicker business growth. Furthermore, balancing your day job with seasonal peak periods in water sports could maximize your earning potential without compromising your primary career.
12. Start a marketing consulting business ($122K/month)
Starting a marketing consulting business could be a natural extension of your skills as a finance manager. Your existing expertise in analyzing financial data and trends could provide valuable insights into market analysis and strategic planning for your clients. This ability to interpret complex data and translate it into actionable marketing advice could set you apart as a consultant.
Moreover, your experience in managing budgets and evaluating financial performance means you could offer comprehensive consulting services that not only focus on marketing strategies but also ensure they are financially viable. This holistic approach could be highly appealing to businesses looking for well-rounded guidance.
By leveraging your proven problem-solving and communication skills, you could effectively lead clients through the process of enhancing their marketing efforts. This could present a lucrative opportunity to supplement your income or even transition into a new entrepreneurial venture.
How much you can make: $100 — $1,250,000/month
How much does it cost to start: $2,000 (?)
How long does it take to build: 30 days (?)
A successful podcast production company that grew from one client making $15/hour to a team of 10 contractors producing over 30 shows per week with revenue of over $10k/mo, primarily through referrals and with a focus on providing high personal touch and being picky about working only with clients who are a good fit.
13. Start a buy sell web portal
As a finance manager, you could leverage your expertise in financial analysis and market trends to create a buy-sell web portal, offering a platform for users to trade goods or services. Your deep understanding of budgeting, cash flow, and ROI would enable you to devise a compelling business model that attracts both buyers and sellers, ensuring a profitable venture.
Given your background, you could also implement robust financial tracking systems within the portal, providing users with valuable insights into their transactions and assisting them in making informed decisions. This approach not only supplements your income but also positions you as a finance-savvy entrepreneur, capable of driving business growth through strategic financial planning and analysis.
14. Start a tv show program
As a finance manager, your analytical skills and expertise in budgeting make you a prime candidate to explore starting a TV show program as a side business or to supplement your income. You could leverage your financial acumen to efficiently manage production budgets, ensuring that resources are allocated smartly to maximize the quality of your programming while keeping costs in check. By applying your strategic planning capabilities, you could oversee the financial aspects of the venture, allowing creative professionals to focus on crafting compelling content.
Given the collaborative nature of TV production, your experience in managing teams and projects will be invaluable. You could build a network of talented writers, directors, producers, and actors to bring your show concepts to life. Furthermore, your ability to analyze current industry trends and audience preferences could help you create and pitch shows that stand out to networks and streaming platforms.
Establishing strong relationships and learning how to effectively market your production will also be essential. Your finesse with data analysis could aid in understanding the market and identifying the best strategies to promote your show. A well-rounded approach combining your financial expertise with creative collaboration could turn your TV show program into a successful entrepreneurial venture.
15. Start a data mining and analytics tools business ($237K/month)
As a finance manager, you could leverage your deep understanding of financial data and strategic decision-making to start a data mining and analytics tools business. This venture involves developing software that extracts, processes, and analyzes vast amounts of data to uncover patterns, trends, and actionable insights, turning raw data into a goldmine of information.
Identifying key industries such as finance, healthcare, and retail that would benefit from sophisticated data analysis is crucial. With the skyrocketing demand for data-driven decision-making, you could provide businesses with the intelligence they need to make better strategic decisions, ultimately driving their success and transforming industries.
Starting this business combines your technical skills in programming, statistics, and machine learning with your market acumen, making it as challenging as it is rewarding. The potential to pioneer industry transformations and enhance decision-making processes makes it a compelling entrepreneurial opportunity.
How much you can make: $450 — $1,500,000/month
How much does it cost to start: $750 (?)
How long does it take to build: 107 days (?)
Parseur, the data extraction tool, helps businesses automate their data entry process, catering to multiple industries such as food delivery, real estate and marketing, and has grown to over $40k in revenue per month since its launch in 2017.
16. Start an e-commerce implementation consulting business ($153K/month)
Starting an e-commerce implementation consulting business could be an excellent opportunity for finance managers looking to supplement their income or launch a side business. As a finance manager, your expertise in analyzing financial data and performance metrics positions you perfectly to help online sellers optimize their storefronts and achieve their business goals. You could leverage your analytical skills to advise on budget allocation for online advertising campaigns, ensuring that clients maximize their return on investment.
Moreover, your experience in financial planning and resource management could allow you to provide comprehensive catalog management services. By doing so, you can assist sellers who lack the necessary experience and resources to thrive in the e-commerce space. With hard work, dedicated research, and an adequate budget, you could build a lucrative e-commerce implementation consulting agency and capitalize on this growing market.
How much you can make: $3,000 — $500,000/month
How long does it take to build: 60 days (?)
ByteStand, a software development company run by ecommerce experts, created Shopify apps, including FreshCredit and FBA Shipping, which generate approximately $17,000 per month in revenue, with over 2,000 shops using their software.
17. Start a communications consulting business ($38.9K/month)
As a Finance Manager, you could leverage your deep understanding of business operations to start a communications consulting business. Effective communication is crucial for organizational success, and your ability to craft compelling messages and strategies could significantly impact a company's internal and external interactions.
By advising businesses on how to optimize their communication channels and develop clear, strategic messages, you could help them improve overall efficiency and achieve their goals. This business aligns well with your existing skills in strategic thinking and analysis, while allowing you to build strong, lasting relationships with a diverse range of clients.
Moreover, your role as a communications consultant would offer you the flexibility to supplement your income or even transition to a full-time entrepreneurial venture. Given the ongoing need for effective communication in a competitive business landscape, this could be a rewarding and sustainable business opportunity.
How much you can make: $4,500 — $150,000/month
How much does it cost to start: $5,000 (?)
How long does it take to build: 45 days (?)
PEAR Cards is a card-based tool/game that empowers players to open up and initiate positive conversations, and with the help of Ad Magic, their Kickstarter had an all-or-nothing fundraising goal, which they met with so much support the company is now growing through the power of Twitter and Instagram.
18. Start a sales consulting platform ($294K/month)
As a finance manager, you could leverage your analytical skills and industry knowledge to launch a successful sales consulting platform. This online portal would offer businesses customized advice and strategies to improve their sales performance, based on thorough financial analysis and data-driven insights.
By identifying gaps and optimizing processes, you could help clients enhance their revenue without the hassle or overhead of hiring full-time sales experts. Additionally, this venture would enable you to engage with diverse industries, providing continuous opportunities to learn and refine your consulting skills.
If you excel at developing sales strategies and enjoy fostering business growth, creating a sales consulting platform could be a rewarding side business or a full-fledged entrepreneurial pursuit.
How much you can make: $1,000 — $2,100,000/month
How long does it take to build: 20 days (?)
Marketing agency TribalVision grew from a one-man shop to one of the top marketing agencies in Rhode Island and the Boston market, serving over 80 clients and employing 75 full-time marketing specialists, by aligning with clients' needs and focusing on lead generation with online marketing tactics.
19. Start a real estate marketing agency ($87.7K/month)
As a Finance manager, starting a real estate marketing agency could be a lucrative side business that leverages both your analytical skills and your ability to work with diverse client portfolios. You'll be responsible for creating and executing marketing campaigns for real estate clients, which includes everything from developing marketing materials to managing social media accounts and conducting market research. Given your background, you could bring a unique perspective to financial planning and budget management for each campaign, ensuring a high return on investment for your clients.
With the current trend of people searching for properties online, the demand for skilled real estate marketing agencies is on the rise. This is a particularly opportune time to enter the market, as real estate agents increasingly seek out specialized marketing expertise to effectively reach potential buyers. The average earnings in this industry can be significant, allowing you to supplement your income or even consider transitioning to this business full-time.
Additionally, your experience in financial management can add value in advising clients on how to allocate their marketing budgets wisely. Your ability to manage diverse client needs and expectations, coupled with strong marketing skills, can make your real estate marketing agency stand out from the competition.
How much you can make: $10,000 — $250,000/month
How long does it take to build: 75 days (?)
Coffee and Contracts is a digital marketing subscription service for real estate professionals that has helped over 7,000 members in just two years, with an average monthly revenue of around $165,000, and has grown at a rate of about 5% each month through organic traffic from Instagram and word of mouth.
20. Start an entrepreneurship blog ($23.2K/month)
As a finance manager, starting an entrepreneurship blog could be an excellent way to supplement your income while sharing your wealth of knowledge and experience with aspiring entrepreneurs. By leveraging your financial acumen, you could provide readers with valuable insights on business strategies, financial planning, and overcoming common challenges in entrepreneurship. Your blog could serve as a go-to resource for practical advice, offering how-to guides and interviews with successful entrepreneurs who have navigated similar paths.
The growing demand for real-life success stories and actionable tips makes this endeavor potentially highly rewarding. Over time, you could monetize your blog through advertising, sponsored posts, and affiliate marketing, turning it into a viable side business or even a full-time venture. If you're passionate about sharing your entrepreneurial journey and enjoy writing, an entrepreneurship blog could be a fulfilling and profitable project.
How much you can make: $1,200 — $240,000/month
How much does it cost to start: $225 (?)
How long does it take to build: 30 days (?)
From blogging about the best technology ideas to earning $10K/month through paid newsletters and courses, this case study explores the journey of entrepreneur and blogger Thomas Oppong and his successful online platforms.
21. Become a business coach ($55K/month)
As a finance manager, leveraging your extensive experience and knowledge into a business coaching side venture could be a highly rewarding opportunity. You could guide small-business owners through the complexities of financial planning, budget management, and investment strategies, helping them to better navigate the financial aspects of running a business. By supporting entrepreneurs in making informed financial decisions, you could play a crucial role in their growth and success.
Additionally, your expertise in financial analysis and risk management could prove invaluable for startups and established businesses seeking to optimize their financial performance. This side business could not only supplement your income but also provide a fulfilling avenue to share your skills and knowledge, fostering a community of successful entrepreneurs.
How much you can make: $3,500 — $400,000/month
How much does it cost to start: $2,749 (?)
How long does it take to build: 60 days (?)
Entrepreneur Kamil Sattar has developed multiple six-figure drop shipping businesses, and his company, e-commerce mentoring, specializes in helping others create their own successful companies, with favorite platforms including using Shopify and apps such as Loox reviews and SMSBump.
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.
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.
