Business Idea: Start A Project Management Tool in 2024
A project management tool business involves developing software that helps managers and teams organize, plan, and track projects.
Features may include task lists, Gantt charts, time tracking, resource planning, collaboration tools, reports, and more.
You can offer the software as a web or mobile application through a software-as-a-service subscription model.
Building an innovative and user-friendly project management tool has excellent business potential as organizations constantly seek solutions to improve workflow, accountability, and efficiency.
Revenue & Profitability
How much do project management tools make?
- On average, successful project management tools report $1.95M/year in revenue.
- 100% of project management tools report being profitable.
Startup Costs
How much does it cost to start a project management tool?
- It can cost as low as $500 to start a project management tool.
- It can cost as high as $50,000 to start a project management tool.
Learn more about the costs of a project management tool.
Examples Of Successful Project Management Tools
Successful project management tool businesses and case studies
Inflectra Corporation's Founder and CEO Adam Sandman shares how he went from being a stay-at-home dad to running a tech company with $10MM in ARR, offering insight on launching and marketing a tech product in the industry.
This case study follows a serial entrepreneur's journey in the Information Technology industry, where he founded successful companies such as UNIS LUMIN and Promys, and offers advice to aspiring founders, emphasizing the importance of adjusting to changing markets and learning from early customers' input.
See full list of successful project management tools.
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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.
