Small Business Information

Three Small Business Secrets to Getting More Billable Time


As small business owners we're in business to make money doing what we love. And that means we need enough billable hours to cover our expenses, our payroll, upgrades in skills and technology, and profit. But if stay in business for any length of time, you eventually reach the point where you just don't have more hours in the day to give to your business. After all, you have a personal life too. (If you don't have a personal life, you really need to work on that.) So, if you've maxed out on the hours you have available to build your business, how can you get more billable hours?

You have to get those billable hours from time you are currently spending doing other activities in your business. Here are some ways to do that:

  • Delegate out anything you hate to do or aren't good at doing in the running of your business. For example, I hate filing and organizing all my reference materials. So I hire a professional organizer to come in once a quarter to file all the papers I've stacked up, to set up any new files I'll need, to pack up old files on inactive clients and projects, and to reorganize my 10 bookcases. She can do all that for me in 3 hours. When I was doing it myself it took me forever and it was never completed because I'd let anything else distract me from it. So, finding just the right reference book or file was not only hit-or-miss at best, it again took too much of my time. How much time can you recover by delegating out activities and tasks you don't want to do, but that have to get done to keep your business running smoothly?
  • Automate or computerize administrivia, including making regular backups of your computer disk drives. (I learned to get my backups automated after I'd lost my entire contacts database, including my appointment schedule ­ sometimes I'm hardheaded about these basic business maintenance things!) In addition to now having automated backups of my computer disks, here's a sample of what else I've automated:
    • Contact management and scheduling
    • Taking class registration and payment
    • Distributing class notes and materials
    • Taking coaching payments via the Web
    • Notification to follow-up with clients
    • Subscribing and unsubscribing to my ezine
    • Broadcasting of my ezine
    • Payment and delivery of digital products
    • Creating eClasses from templates
    • Subscriptions, payment, and delivery of eClasses
    • Tracking of billable time
    • Creating time reports
    • Invoicing
    • Expense and revenue tracking

  • Gracefully get out from under your most time-consuming and energy-draining clients and projects. I know it's difficult to say "No" to a client or a project in today's economic climate. But you can refer these clients and projects to competitors in your network who are better suited to serve them, retain the good will from the clients you are referring out, and free up all that time and energy to work with people and projects you love. Just by relieving all the stress you're under from your Clients and Projects from Hell, you make yourself open and available to more of your Ideal Clients and projects. And, have you noticed, you're more productive and efficient when you're working with your Ideal Clients and Projects?
  • Increased productivity = increased billable hours available

    Put these 3 secrets to work in your business and get back valuable and billable time for doing more of what you love for your Ideal Clients!

    Copyright 2004, Rose Hill, Inc

    _____________________________________

    Rose Hill, Founder and Owner,of Biz Whiz Expert (http://www.SoloBizVille.com) and Team Member of Solo-E.Com (http://www.Solo-E.Com) has been self-employed since 1990. Knowing how to run corporate departments and how to market corporate entities, products, and services did nothing to prepare her for successfully running and marketing a one-person business. That is why Rose created the SoloBizVille and SoloBizU community - to specifically to help solo entrepreneurs jumpstart their business success without all the trial-and-error learning.

    _____________________________________

    *********** Find more articles like this at http://www.Solo-E.com - Keeping Solo Entrepreneurs Juiced in Business and in Life. Our team of Solo Entrepreneurs are comprised of small business experts who support others in finding business success with the flexibility and freedom to have a life, too. Network with other freelancers, self-employed and Solo Entrepreneurs in our forums, enjoy our articles and newsletter, and find other online training opportunities. ***********


    MORE RESOURCES:

    Small Business Calendar
    Minneapolis Star Tribune, MN - 4 hours ago
    Small-business consultations with LegalCorps. 10 am to 1:30 pm, Minneapolis Central Library, room N-207, 300 Nicollet Mall, Minneapolis. Free. ...


    Small business: Score one for the people at SCORE
    Minneapolis Star Tribune, MN - 4 hours ago
    This will be the 10th year that the Minneapolis SCORE chapter, part of the SCORE national organization that is affiliated with the US Small Business ...


    China Direct wins small business award
    Queensland Business Review, Australia - 2 hours ago
    ChinaDirect Sourcing has been named champion Business Services at the 2008 Queensland Small Business Champion Awards. Building their reputation as the ...


    New York Daily News

    every small business needs a perfect fit
    New York Daily News, NY - 39 minutes ago
    ... second biggest expense after payroll, striking the right deal in New York's complex real estate market can make or break a small business. ...


    SMALL BUSINESS 101: Event planning
    LondonTopic.ca, Canada - 1 hour ago
    As a small business owner, restrictive budgets shouldn't stop you from hosting events. Events put a human face on your business and give your customers a ...


    Challenge for small business in region
    North West Star, Australia - 1 hour ago
    THE North West small business community is being set a challenge to boost funds for the Mount Isa Community Helicopter. Chief executive Alex Dorr is calling ...


    "Personal accounts" will impact small business pension schemes
    Bytestart, UK - 1 hour ago
    An expert report into the Government's planned shake-up of small firms' pension schemes via the introduction of "personal accounts" suggests that many ...


    Retransmission-Cashline Inc.: Innovative Loan Alternative for ...
    PR-CANADA.net (press release), Montenegro - 7 hours ago
    A Merchant Fast Cash is a "small business-friendly" service that converts or "advances" future credit card sales and/or ATM fees into immediate cash, ...


    Tips For Small Business Costs
    Corsavoo.com, France - 9 hours ago
    A business plan for the sole purpose of receiving a small business startup loan must contain several components. The first few pages include the Executive ...
    Free Business Grants Waiting For Bussing Entrepreneurs! Corsavoo.com
    all 2 news articles


    Funding for Small Business
    Small Business Journal - 17 hours ago
    Lines of Credit and Loans for Small Businesses. Sign up now and well will contact you within 24 hours. Lines of credit from $300000 to $5000000 in less time ...
    Small Business Development Small Business Journal
    all 19 news articles

    Small-Business - Google News

    home | site map
    © 2006