Tech Startup Consulting Business Success Stories [2024]
Kicking off a tech startup consulting business can be a game-changer. This involves guiding fledgling tech companies through the complex labyrinth of starting and growing their business.
From refining business plans and securing funding to crafting a compelling market strategy, your role is to offer expert advice that helps startups succeed. You'll be positioning yourself as an industry expert, offering tailor-made solutions that align with each client’s specific needs.
This kind of business allows you to leverage your tech know-how and network, potentially opening doors to significant financial and professional growth. It’s an opportunity to be at the forefront of innovation, helping shape the future of technology one startup at a time.
If you have a knack for tech and a vision for helping others thrive, this could be the perfect business venture for you.
In this list, you'll find real-world tech startup consulting business success stories and very profitable examples of starting a tech startup consulting business that makes money.
1. Bcombinator ($1.2M/year)
Bcombinator was co-founded by an entrepreneur with 20+ years of experience and a successful track record of creating and scaling startups. The idea for Bcombinator came from the founder's experience teaching entrepreneurship and their desire to create a comprehensive startup incubation program that combines mentoring, networking, investment, and other support services. Since its launch in 2017, Bcombinator has worked with over 100 entrepreneurs and launched approximately 25 startups.
How much money it makes: $1.2M/year
How much did it cost to start: $3K
How many people on the team: 10
Learn how Bcombinator, a startup incubator co-founded by a serial entrepreneur with 20+ years of experience, has launched around 25 startups and worked with over 100 entrepreneurs with their incubation, acceleration, mentoring, training, networking, and investment fund programs.
2. SP Tech Inc ($360K/year)
In 2015, Bhanu Kommula and his co-founders, while balancing their day jobs, discovered the complexities businesses faced with Salesforce. Leveraging their expertise in Microsoft technologies, they pivoted and upskilled to focus exclusively on Salesforce, growing SP Tech to serve 57+ global customers and completing 150+ projects with a 92% success rate.
How much money it makes: $360K/year
How much did it cost to start: $1K
How many people on the team: 25
SP Tech is a Salesforce certified consulting partner, helping businesses across the globe to develop, sustain, and manage the digital ecosystem for years now, with 57+ customers, 150+ completed projects and a 92% success rate.
3. Instamentor ($120K/year)
Leon Wei, the founder of instamentor, came up with the idea for his business after experiencing issues with LinkedIn's career coaching platform. He realized that there was a demand for personalized job interview coaching and career consulting, so he created instamentor to connect young professionals and fresh college graduates with experienced industry mentors. Since its launch in January 2021, instamentor has helped hundreds of customers land their dream job offers and has reached an annual revenue of $120K.
How much money it makes: $120K/year
How much did it cost to start: $0
How many people on the team: 1
instamentor is a job interview coaching platform launched in Jan 2021 with $120K annual revenue, helping young professionals and fresh college graduates break into the tech industry by offering 1:1 paid coaching sessions with experienced industry mentors and career consulting.
4. AYH Consulting Ltd ($60K/year)
Founder Sami Abid came up with the idea for AYH Consulting Ltd while working in various jobs where he implemented technology systems to streamline operations. After gaining recognition for his work, he began offering his services on platforms like Upwork and Fiverr, eventually earning enough to quit his day job and focus on running his automation business full-time.
How much money it makes: $60K/year
How much did it cost to start: $500
How many people on the team: 1
AYH Consulting Ltd is a service-based business that helps automate businesses using low-code applications, bringing in an average of $6k/month, with a stable retainer income, offering a good customer experience, and considering diversifying its income stream in the future through digital products.
5. Enter Network ($18K/year)
Jochem Gerritsen came up with the idea for Enter Network when he realized that he was having difficulty connecting with other entrepreneurs to learn from. He started hosting meetups in Utrecht and quickly saw demand for more in-depth discussions, leading him to create the peer support group and eventually launch Enter Network as an online community for early-stage entrepreneurs.
How much money it makes: $18K/year
How much did it cost to start: $4K
How many people on the team: 2
Enter Network founder Jochem Gerritsen built a community of 50+ starting entrepreneurs all over Europe, generating $1,500 MRR by running a platform that offers a Slack community, package deals for free services, access to over 20 startup mentors, weekly online meetups, mastermind groups, and more.
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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.