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Ditch the Timesheet Template: Switch to Automatic Time Tracking
Image: Generated with Dall-EAre you losing valuable billable hours because of an inefficient manual timesheet template?
Research shows that most people are only 66% accurate in logging their time once a day, and that drops to 35% if it’s done weekly.
It gets worse for meetings – 20% never track time in meetings and calls, costing professionals over $32,000 in revenue annually.
As you can see, not using timesheets or relying on manual entry can negatively impact your business’s profitability.
However, if you switch to automating your timesheet tracking, you can avoid the financial pitfalls and use technology to help you run a more efficient freelancing business.
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What is Time Cost and Why It’s Costing Your Business Money
Image: Brad NeatheryIs your freelance business running at a loss without you even realizing it?
If you answered, “I’m not sure, ” add “perform a time cost analysis” to your to-do list.
It can help you weed out time sinks, improve efficiency, and stop undercharging for your work.
When you have accurate data on your productivity, you can see where your time choices are holding you back and give yourself a foolproof map to get your goals and business back on track.
