CONSULTANT BILLABLE HOURS SPREADSHEET FULL

But then our rates improved faster than we anticipated, which softened the hit. The money inflow did take a hit, initially.

This has very interesting and useful side effect of forcing us to constantly find better tool to reduce our effort. Overall we were burning through the budget slower. Working fewer hours made it easier for them to stop, reflect and change course. However, surprisingly our clients did not complain since delivery was as per schedule.

Possibility of not meeting our financial targets (paycheck).

Clients may perceive lesser hours as slow progress.

This seemed like it could create two problems: Having a cap allows for predictability and to an extent ensures that we are at our optimal best while working on projects.ДЄs we grew, company activities like sales, marketing, recruitment started eating into billable time and we were usually around theВ 27 hours per week mark. We arrived at the conclusion that 32 billable hours a week is the maximum we can commit to our clients. All of us had done our fair share freelancing and consulting projects.

CONSULTANT BILLABLE HOURS SPREADSHEET FULL

Though this approach usually has very good short term returns, it generally affects productivity and efficiency in the long run, and at most times is not even in the best interest of your current piece of work.ДЄ year ago, I switched to consulting full time and joined MavenHive. 40 hours a week is possible only on rare occasions. Even if you did this for four days a week you will be burnt out by Friday. Eight billable hours a day as the norm (40 hour week) is quite a lot if you accurately measure вЂ actual workвЂ™ with a timer. It seemed like the most logical thing to do to make more money. This is how I started as a freelancer trying to bootstrap my product startup.

Minimize billable hours - Actively try to spend as little time as possible on billable work.Fixed billable hours - Apply moderation and work only a fixed number of hours irrespective of any other factors.Maximize billable hours - Spend as time as you can (your mileage may vary).Now let us see why is this вЂBillable hoursвЂ™ interesting and what are some of the things we can do with it: There is usually an agreement with the client on the number of hours the consultant is expected to work. Invoices are raised on a weekly or bi-weekly basis with detailed time reports. Often freelance developers track their hours with time tracking tools like Harvest. Simply put it is the number of hours of work you get paid for in any week. Billable hours per week is a term familiar to every consultant in the technology world.

Consultant billable hours spreadsheet