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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