A strong team can and should be your greatest competitive advantage.
To ensure you are leveraging your existing team to the fullest, you must ask yourself the following questions:
Let’s look at the revenue impact of improving an employee’s productivity by just 15 minutes a day.
In typical 40 hour work week, 15 minutes of non-productive, non-billable time equals .25 hours a day, 1.25 hours a week or 65 total hours a year. For a $3 million business, an increase of productivity of that magnitude translates to more than $93,000 annually.
Just imagine if you could bill 65 more hours a year on a fixed labor cost employee (in other words, generate more revenue with no additional payroll cost). When you multiply that gain across all employees with billable time, your net income would see a hefty increase which would filter down to net profits.