Remove Cash Flow Remove Efficiency Remove Finance Remove Training
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Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

People often generate nearly 80% of the industry’s revenue, making efficient resource management critical. Utilization goals must strike a balance between short-term revenue targets and long-term considerations to avoid burnout or underutilization, which can lead to cash flow issues.

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7 Critical Success Factors for Project Based Firms to Consider in 2024

Progressus

The Power of Unity Firms need real-time insights into the entire business – finance, project accounting, sales, everything – otherwise multiple versions of the truth will start showing up in budgets, estimates, and forecasts. It prevents you from generating reliable cash-flow forecasts and makes it incredibly difficult to manage resources.

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. “The decision-makers will want to see a simple model that shows revenue, costs, overhead, and cash flow,” he says. Stop avoiding finance because you’re afraid of numbers. Think of it this way, “Finance is the way businesses keep score.

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The 5 Growing Pains of Service-Based Businesses in 2023 (and how to overcome them)

Asamby Consulting

Work with contractors To get over that initial cash-flow issue, it can make sense to rely on contractors instead of employees. The variety of scope, tasks and decisions will make it impossible to train a team. A standardized service-delivery will enable you to train your team and constantly improve what you do.

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