Team Building Consulting Business

2 Team Building Consulting Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

All organizations aim to achieve the best results possible. Two crucial factors affecting employee productivity in any organization are employee input and coordination. Team building activities help employees develop better coordination.

Therefore, companies hire team-building specialists to help their employees foster better coordination. Team-building companies organize retreats and corporate training services to provide employees with memorable and impactful team-building experiences.

If you are interested in starting a business within the human resource industry, a team-building company can be a profitable business idea. Identify potential companies within your area and advertise your business.

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

1. Karma ($420K/year)

David and his co-founder Stas recognized the issue of team inefficiency firsthand while running their web development agency. They noticed that even with a great team, employees often worked in silos, leading to delayed projects and increased costs. This observation motivated them to build Karmabot as an internal tool to better align their team on Slack and boost collective performance through a rewards system.

Before fully committing to the idea, they experimented with existing tools but found them lacking, particularly in linking productivity directly to employee bonuses. This gap led them to develop a Minimum Viable Product (MVP) integrating instant recognition and leaderboard features to track team performance more effectively. They refined their product based on initial feedback and internal testing, ensuring it addressed both their employee engagement needs and provided valuable insights for performance management.

During the ideation phase, they encountered challenges such as making the system user-friendly and ensuring it provided actionable insights. By iterating through multiple versions and incorporating advanced technologies like Natural Language Understanding, they overcame these hurdles, developing a robust solution that not only suited their needs but also resonated with larger organizations facing similar issues. The key lesson they learned was iterating based on real-world use and feedback to create a product that truly solves a pressing problem.

How much money it makes: $420K/year
How many people on the team: 20

How 2 Founders Bootstrapped Karma Bot to $420K ARR in 2 Years

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2. Cain Consulting, Inc. ($180K/year)

Dave, the founder of Cain Consulting, Inc., came up with the idea for his leadership coaching business after realizing the lack of formal training and education in leadership. With over 30 years of leadership experience in various industries, he saw the impact that coaching had on his own development and wanted to help others become effective leaders. Since starting in 2010, the business has been profitable and Dave is adapting to the changing landscape by offering virtual coaching through platforms like Zoom and MS Teams.

How much money it makes: $180K/year
How much did it cost to start: $2.5K
How many people on the team: 1

How I Started A $15K/Month Leadership Consulting Business

This case study details how a veteran-owned leadership consulting company was started with one main coaching offer, which has now expanded to include video series, corporate training modules, and custom requests from clients, generating a profit and aiming to make leadership a more diverse and inclusive practice worldwide.

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