Running a project-driven, service-providing business, much like running a business with product-based offerings, requires that you have an in-depth view of past, present, and future resources available to you. Unlike a business with product offerings, you can’t inventory lost time like you can with unsold inventory.
If an unused hour passes, you can’t get it back. If it’s not accounted for, it’s money lost. If it’s not properly planned in advance, it’s unlikely that it will be used properly.
How to Make the Most of Your Time as a Project-Based Business
In the book How to Life on Twenty-Four Hours a Day, author Arnold Burnett introduced readers to the miracle of time—the ultimate raw material of the world, something that everyone receives the same amount of in the morning and depletes throughout the day:
“[Time] is the inexplicable raw material of everything. With it, all is possible; without it, nothing. The supply of time is truly a daily miracle, an affair genuinely astonishing when one examines it. You wake up in the morning, and lo! your purse is magically filled with twenty-four hours of the unmanufactured tissue of the universe of your life! It is yours. It is the most precious of possessions. A highly singular commodity, showered upon you in a manner as singular as the commodity itself!
[…] Its right use, its most effective use, is a matter of the highest urgency and of the most thrilling actuality. All depends on that.”
While the book, written in 1910, was designed to help the average person make the most of his time away from work, not taking into consideration the hours spent working, the same goes for your project-based business during the day.
For your organization, however, you have the power of technology that can help you to get the most of each minute—scheduling more effectively, manage with more flexibility, connect project management with project accounting, provide the right information to the right people at the right time, and much more.
How Dynamics SL Can Automate Your Project Accounting Needs
Time is of the essence for your project-based business, and if you could spare an hour of your own, we would like to share with you how to account for it more effectively. On Thursday, July 21, 2016, Wipfli | Brittenford will be hosting a panel of experts sharing with you how you can simplify processes that cut into your organization’s time through automation, improve visibility through hours tracking and expense reporting, and keep better track of resources from project initiation to completion.
Join us for “Learn How Dynamics SL can Automate your Project Accounting Needs,” scheduled for Thursday, July 21, 2016 from 1:00-2:00 PM EDT to learn more.