How consulting firms can identify and enhance profitable clients to improve their margins
For consulting firms, every project represents an opportunity to strengthen their position in an increasingly competitive market. Improving gross profit margins is not just a financial goal but a critical strategy to ensure the long-term viability and growth of the business. The key lies in accurately identifying which clients bring true value and leveraging that […]
The secret to productivity: how tracking hours is a game changer
Efficiency isn’t just an added value in the consulting industry; it’s a necessity. However, in practice, many teams still measure their productivity by how busy they appear to be. How many times have we heard phrases like, “I haven’t stopped all day”? But being busy doesn’t mean being productive. True productivity goes beyond the hours […]
Why tracking work hours can save your creative agency from the chaos of reworks
In a creative agency, every minute counts. Literally. But we’re not just talking about looming deadlines. Tracking work hours is one of those practices that often gets overlooked, treated more like a formality than a real tool to improve team performance. However, doing so can make a big difference, especially when it comes to one […]
Billable Hours in Consulting Firms: Tips for Driving Success
Billable hours represent the total time dedicated to a specific business, from its inception and diagnosis to planning, implementation, and completion. These hours are billed to the client according to an agreed hourly rate and serve as the measure of the hours a company can charge for consulting services. Non-billable hours are essential for the […]
Overcome Excel’s Barriers with COR for Smarter Project Management
Introduction Small teams are crucial for innovation and business growth due to their agility and adaptability. However, even these teams can face obstacles if they rely solely on outdated tools like Excel for managing their projects and data. While Excel has been a popular tool for data management, its limited functionality can hinder the handling […]
Three Benefits of Optimizing Resources and Costs in the Consulting Industry
In the realm of project management, optimizing resources and costs is a fundamental priority for achieving success. Among the various strategies employed, bundling billable hours emerges as an essential practice to ensure efficient allocation of human resources and accurate cost planning. This approach not only maximizes productivity but also contributes to reducing unnecessary expenses. Throughout […]
The Importance of Time Management in Consulting Firms
In the world of consulting firms, time is an invaluable resource. Every hour counts, and maximizing efficiency is crucial to maintaining competitiveness and ensuring project profitability. One of the biggest challenges facing consulting firms is managing team idle time, as every unproductive minute represents a potential loss of income. In this article, we will explore […]
Billable Hours in Consulting Firms: Tips for Driving Success
Billable hours represent the total time dedicated to a specific business, from its inception and diagnosis to planning, implementation, and completion. These hours are billed to the client according to an agreed hourly rate and serve as the measure of the hours a company can charge for consulting services. Non-billable hours are essential for the […]
The Future of Law Firms in the Digital Age
The digital transformation is redefining industries worldwide, and the legal sector is no exception. Law firms, traditionally seen as bastions of conventional practices, are at a critical turning point. The adoption of innovative technologies is not just an operational improvement but a strategic necessity to address contemporary challenges and improve profitability. In this context, productivity […]
Time analysis in your business: The secret to improve Profitability and Transparency
One of the most crucial challenges agencies face today is managing the time between the sale and execution of projects. When time estimates are exceeded, projects that were originally profitable are no longer profitable, and teams assigned to take on new challenges are overburdened with additional requirements for similar projects. Furthermore, in the current industry […]
The Power of Efficient Time Management for Business Success
In the dynamic world of business, every minute counts. Efficiency and profitability are crucial aspects for success in any industry. In this blog post, we will explain how proper time tracking can be the differentiating factor in effective team and project management, allowing you to optimize resources, achieve greater profitability, and make data-driven decisions. Keep […]
Top Pain Points for Creative Agencies
If you’ve ever worked in content production, then you’re one of us. After a long day refining your ideas, gathering data, writing copy, and writing copy, you hand out your hard work to your creative team to get started on your next marketing strategy. What you get in return are all questions, doubts, and concerns: […]