I was sitting in the sauna at my gym this morning and I noticed a sign on the wall that had several warning bullet points. One of which was “Prolonged exposure to heat can cause the body to overheat.” I thought to myself, is it really necessary to remind people about something that is self-evident? Continue reading “Important reminders”
Tag: time sheets
Are all your clients profitable to service?
As I have discussed in a previous blog posting, time and billing systems that are in general use masquerade as practice management systems but even those that have the potential to provide useful management information are not generally used for that purpose. The only “management” support they give is to monitor time charged by people for billing purposes. Continue reading “Are all your clients profitable to service?”
Challenges With Time-Based Pricing
Time-based pricing is the most common way professional service firms charge for their services. A case can be made for this method of pricing but that is not my purpose in this post. What I would like to share are my thoughts about are some of the challenges I see with this method of pricing and how it has negatively impacted firms more than their clients. Continue reading “Challenges With Time-Based Pricing”