Community Business

Community Business Success Stories [2024]

Pat Walls

•

Updated: October 10th, 2024

Community businesses can bring local change and foster connections. What is a community business? Simply put, it’s a venture initiated by locals to meet the needs of their neighborhood.

This could be a communal garden, a co-working space, or a local grocery store that serves fresh, affordable produce. You’re not just launching another business; you’re creating a hub that benefits the entire community. It’s about identifying local needs and delivering solutions that make a direct impact.

Starting a community business involves understanding local issues, gaining trust, and building relationships. The rewards are significant: you create jobs, strengthen community ties, and foster local pride. It’s about creating a thriving ecosystem right where you live. If you're passionate about making tangible, positive changes in your neighborhood, this might be the perfect venture for you.

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

1. Ramen Club ($48K/year)

Charlie stumbled upon Product Hunt and attended indie hacker meetups. Eventually, he saw how encouraging meet ups are, leading him to start with the idea validation process.

How much money it makes: $48K/year
How much did it cost to start: $250
How many people on the team: 0

How I Started a Remote and IRL Coworking Community for Indie Founders [$48K/Year]

Ramen Club is a founder community that aims to help solopreneurs succeed, enjoy their journey, and feel less lonely; it currently has over 100 members and $3,800 MRR with 35% MoM revenue growth between April and May 2022.

Read this case study

Read by 4,379 founders