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

Progressus

Factors impacting profit margins include the tendency to allocate 80% of project work with the last 20% of the budget, inaccurate time-sheet reporting, underbidding during the sales process, and client disputes. Compliant with accounting standards, this metric ensures financial stability and informs cash flow management.

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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.

Agile 52
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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.

How To 52
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When your project isn’t making money

Seth Godin Blog

It might be that you’re losing money on every sale. Are you aware of work in process, cash flow and cycle times? Your people might not be motivated or trained to be efficient. Because people do what they want, and they respond to training and respect and opportunity). What are you outsourcing?

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The Comprehensive Business Case for Sustainability

Harvard Business

In addition to the financial benefits that accrue from increased competitive advantage and innovation as discussed earlier, companies are realizing significant cost savings through environmental sustainability-related operational efficiencies. Since 1994, Dow has invested nearly $2 billion in improving resource efficiency and has saved $9.8

Study 28
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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

“The decision-makers will want to see a simple model that shows revenue, costs, overhead, and cash flow,” he says. If your company offers internal finance training, take advantage of it. ” James often leads in-house financial training sessions for his company. ” Principles to Remember. .”

Finance 28
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Selling a company

Seth Godin Blog

It’s an investment in future cash flows, but it can be fraught, because, unlike a car, you can’t take a company for a test drive, and they usually need more than a periodic tune-up and charging station visit. The market for used companies isn’t as efficient or reliable as the one for used cars, as surprising as that might sound.

Company 34