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Listen to a podcast with Julia

EP 320 | Profit Per Project with Julia Nikishina

In this episode we learn:

  • profitability per project should be looked at in two ways—product and design hours (time)

  • tracking time allows you to verify the validity of your fee structure

  • every employee has a ‘cost’ to the bottom line, which should be recouped

  • fixed and hourly fee projects require analysis of resources (including time) to understand if the goal of the work has been achieved

  • having a true understanding of the hours worked per project (billable and non-billable), allows you to accurately measure profit based on time

Take a Class with Julia

Are You Profitable?

Classes:

In this class, attendees will learn how to:

  • Differentiate between product profit and design time to determine the true profitability of a project

  • Ascertain the cost of each employee

  • Effectively assess fixed and hourly fee projects to understand which structure is more profitable

  • Determine an accurate record of hours worked per project, including non-billable, in order to measure and optimize profit

  • Utilize vendor relationships advantageously to ensure the highest amount of markup per product

    After this class, attendees will have:

  • The skill set to review profit by project, based on both design time and product expenditure 

  • An understanding of the true cost of employees and their productivity 

  • The knowledge of what an ideal vendor relationship should be

Webinars: