Management Tool

Management Tool Success Stories [2024]

Pat Walls

•

Updated: October 10th, 2024

Struggling to keep track of multiple projects and tasks? Consider building a management tool. A management tool is a software application designed to help teams organize, prioritize, and execute their tasks more efficiently.

To start, you'll need to identify the pain points your tool will address, whether it's task assignment, deadline tracking, or communication bottlenecks. Once identified, you can develop a solution that alleviates these issues. This means working closely with developers to build a user-friendly interface, integrating features like real-time updates, file sharing, and analytics.

The management tool industry is growing, with small businesses to large corporations seeking ways to streamline their operations. You'll need to conduct market research to identify your target audience and focus on creating a product that stands out from the competition.

Setting up this kind of business requires an initial investment in software development, user testing, and marketing. However, the rewards can be substantial, especially with the increasing demand for efficient project management solutions.

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

1. Helpkit ($54K/year)

Dominik Sobe, the solo founder of Seven Degrees Labs, came up with the idea for his most successful product, HelpKit, while working on other projects that required a help desk tool. Realizing that he already documented his business using Notion, he wanted to create a professional knowledge base using the platform, leading him to build HelpKit. Now exceeding his goal of $3K MRR, Sobe is grateful for the success of HelpKit and the ability to work on his own terms.

How much money it makes: $54K/year
How much did it cost to start: $0
How many people on the team: 1

How 'Sharing In Public' Led Me To My First Customers [Zero Paid Advertising]

Case study of a solo founder who built HelpKit, a profitable software product that turns Notion pages into professional knowledge bases, surpassing his goal of $3K MRR by another $2K, and shares his process of building the MVP using Figma and a landing page to validate the idea, launching on Twitter, and growing through sharing his story on Reddit and Indiehackers, creating free tools like Notion Simple Table Generator, building on a growing niche, getting to know his customers, and accepting slow growth.

Read this case study

Read by 4,867 founders