Are you maxed out? What is the ratio between your productive and non-productive time? Make effective use of your day to maximise the amount of profitable work you can achieve.
One way to see the potential capacity of your business is to calculate the amount of ‘deliverable’ hours you can work.
Take a look at what you (and your team if you have one) are doing each day. Split the day into Productive time, Billable time and Wasted time.
Billable time :: is when you are actively selling your product or serving your customers. These are the hours you get paid for.
Productive time :: is billable time & the typical business support activities you have to do to keep the business running.
Wasted time :: is where you do something that makes no money and doesn’t help the business grow – the distractions.
In a normal day of 8 hours what results do you get for each heading? Measure the hours for a week to see the statistics. What do the results show you? Can you find more Billable time? Focus on the Billable time and keep those hours as high as possible.
When you know the hours that can be used for providing your product, or service, you need to fill the ‘pot’ of billable work by developing systems to keep those hours fully occupied. As your business grows, you can serve more people. The more people you serve, the more profitable your business will be.
To find out how you can improve your business to be serving more people, call me on 07766 080770 or email firstname.lastname@example.org