What you'll learn
In a business model where the largest expense is work-hours, time tracking is the shortest path to improving utilization and growing profitability.
Here's what you'll learn in 50 minutes:
- How to level with your team and get them on board with time tracking
- How the conversation around time tracking influences the quality of data
- How to use time tracking data to improve profitability
01:26 Who should track time and why?
03:17 What's the cost of NOT tracking time?
04:50 Why do people hate time tracking? What's the real problem?
06:34 Why do people track time poorly?
07:57 How to fix your time tracking process?
09:01 How to create buy-in from the team?
10:10 "Closing the loop"
16:23 Precision vs accuracy of time tracking data.
19:00 Crash course in time tracking and profitability by Marcel.
31:10 What if you don't sell services or charge by the hour? Do you still need time tracking?
34:17 Addressing the criticism of time tracking by business coaches.
37:06 Time tracking software recommendations.
39:50 How to avoid giving people the "big brother is watching you" feeling?
43:11 How much can you round hours?
45:00 How to spot bad time tracking data?
47:06 Leveraging an existing problem to introduce time tracking.