Quality Management Consulting Business

3 Quality Management Consulting Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

Quality management consulting is a path worth exploring if you're passionate about continuous improvement and operational excellence. Essentially, this business involves guiding organizations through the complexities of maintaining and enhancing the quality of their products or services.

By offering expert advice on strategic planning, process optimization, and compliance with industry standards, you position yourself as an essential partner for companies striving for higher efficiency and customer satisfaction. This field requires a deep understanding of best practices, regulations, and quality frameworks like ISO standards.

Starting a quality management consulting business involves building a solid reputation, networking, and a commitment to staying current with industry trends. For those willing to invest in acquiring certifications and honing their expertise, this can be a rewarding venture with the potential for long-term client relationships and substantial impact on business success.

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

1. Innovolo Ltd ($2.4M/year)

Bradley Pallister, co-founder and Head of Innovation at Innovolo, came up with the idea for the business after recognizing the need for an innovation and product development consultancy that could help B2B clients create a culture of innovation. With their flagship product, Unlimited Innovation-as-a-Service, Innovolo offers business owners a cost-effective solution to bring in an external innovation team tailored to their needs, resulting in accelerated product development and a fast turnaround time, as seen with one client's product being expedited from eight months to six weeks. With an impressive revenue forecast of £2.4 million this year, Innovolo is poised to disrupt the remote product development space.

How much money it makes: $2.4M/year
How much did it cost to start: $1K
How many people on the team: 12

How We Started A $200K/Month Company Offering Innovation-As-A-Service

Innovolo, an innovation and product development consultancy, went from offering fixed-sum product development to providing product development chain management with a unique program called Unlimited Innovation-as-a-Service, shortening their client's product expedited time significantly, and increasing revenue astronomically since their launch in 2018.

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2. JDAQA ($1.32M/year)

Jay, the CEO of JDAQA, started his business after being turned down by Uber and deciding to freelance as a QA engineer. As his workload increased, he began building a team of talented QA engineers to meet the needs of growing companies that wanted affordable, reliable testing services. Today, JDAQA has a team of 20 and generates $110K/month in revenue, offering scalable QA solutions to startups.

How much money it makes: $1.32M/year
How much did it cost to start: $500
How many people on the team: 20

How I Started A $110K/Month QA Testing Agency After Being Rejected By Uber

JDAQA is a quality assurance testing powerhouse that partners with startups and has grown to about 20 people with a revenue of $110K/month by providing a scalable, concierge QA service that can grow with your company and ensuring that builders can get back to the building while they handle the bugs.

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3. VComply ($300K/year)

Harshvardhan Kariwala, the CEO and Founder of VComply, came up with the idea for his business after experiencing compliance issues in his previous startup. He realized the need for a tool that could track and manage governance, risk, and compliance workflows, leading him to develop VComply as an internal tool. After accidentally attracting the interest of the City of Boston, Harshvardhan recognized the potential of his product and decided to launch it as a business. Since then, VComply has received funding and has been steadily growing, with plans to expand further in the future.

How much money it makes: $300K/year
How many people on the team: 40

This Solo Founder Turned An Internal GRC Tool Into A $300K/Year Business

VComply CEO and Founder Harshvardhan Kariwala turned an internal governance, risk, and compliance (GRC) tool into a successful business, raising seed and Series A rounds of $2.5M and $6M, respectively, and projecting expansion into Australia, New Zealand, and Europe in 2022.

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