Time Tracking Software

Time Tracking Software Success Stories [2024]

Pat Walls

•

Updated: October 10th, 2024

Time is money, and tracking it efficiently is crucial for any business. Consider developing time tracking software. This tool helps individuals and companies monitor how time is spent on various tasks, bringing transparency and accountability to the forefront of operations.

Imagine a system where employees log their hours, projects, and activities, providing managers with clear insights into productivity and workflow. This isn’t just about clocking in and out; it’s about understanding where time goes and how it can be optimized.

Starting a time tracking software business involves building a user-friendly platform, ensuring data security, and offering insightful analytics. This can appeal to a broad range of businesses eager to enhance efficiency and reduce time-related costs.

If you’re technically inclined and interested in providing a solution that improves workplace efficiency, time tracking software is a solid business idea worth exploring.

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

1. Time Doctor ($22M/year)

Liam Martin and his co-founder Rob Rawson conceived the idea for Time Doctor from a blend of personal frustrations and serendipitous encounters. Liam, who was struggling with managing remote tutors for his previous business, constantly faced disputes over billed hours and actual work done. His personal stress even led to serious health issues. Around this time, at South by Southwest, Liam met Rob, who had an early version of Time Doctor, developed for his internal team.

Intrigued by the potential of this tool to solve his own business issues, Liam saw a broader application for remote work management. Encouraged by their mutual experiences and a timely burst of entrepreneurial itch, they decided to refine the product together. They validated their concept by launching a beta version and eventually moved to a paid model, which revealed true user commitment and provided critical feedback. Throughout the ideation phase, they faced the challenge of balancing product development with market readiness and learned early the importance of charging for their tool to drive real user engagement and valuable insights.

How much money it makes: $22M/year
How many people on the team: 82

How Rob Rawson Bootstrapped Time Doctor to $22M ARR in 14 Years

Discover how two founders transformed personal frustrations into Time Doctor, a bootstrapped SaaS juggernaut generating an impressive $22 million annually by leveraging strategic SEO, paid ads, and a focused remote work model.

Read this case study

Read by 63 founders

2. Finale To Do ($48K/year)

Grant Oganyan, founder of Finale To Do, came up with the idea after struggling to find a task management app that suited his needs. Inspired by his success with his first app, Finale: Daily Habit Tracker, Grant wanted to create a customizable and aesthetically pleasing task management app without the need for monthly subscriptions. After experiencing displacement due to the war in Russia, Grant fully invested himself in running his own business and has seen promising growth, with a 500% increase in users in the first month and monthly revenue of $4,000.

How much money it makes: $48K/year
How much did it cost to start: $0
How many people on the team: 2

How We Achieved 500% User Growth In Our First Month [Task Management App]

Finale To Do is a mobile task management app that offers a highly customizable and aesthetically pleasing experience, boasting a $4,000/month net and gaining a 500% increase in users in its first month.

Read this case study

Read by 2,452 founders