Your margin is time multiplied by rate. Optimize both.
Professional services scale through people and pricing. You'll learn utilization rate (what % of your time is billable vs admin/business development?), realisation rate (what % of your standard rate do you actually collect?), and revenue per employee (are partners pulling their weight?). You'll understand client profitability (some clients are loss-makers because of support overhead), and how to manage pipeline (predictable revenue comes from having consistent deal flow).
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Follow this learning path to master professional services: utilization & margin.
Get Started Free →