Getting your project estimates right means better margins, happier clients, and fewer stressful conversations about budget overruns and delays. But without a clear approach, trying to make them more precise is tough. Try these proven project estimation techniques as a starting point for more accurate project plans. Here’s a quick summary of all the methods discussed below: Now, let’s go through each technique in more detail.

Revenue recognition is when you record income as you deliver products and services, not when you receive payment for them. Let’s walk through the basics and how to make this accounting strategy sustainable in your agency or consultancy.

Dr. Meredith Belbin developed the team role theory based on common behavioral attributes. The Belbin model divides the roles into action-oriented, thought-oriented, and people-oriented categories to balance teams and increase productivity. Working in a team takes organization and collaboration. For teams to be most productive, everyone should have a specific role that aligns with their strengths. Dr. Meredith Belbin developed the team role theory based on behavioral attributes.

Leaders aren’t just born that way. Most develop and hone skills ‌anyone can learn. These 17 traits are the core leadership qualities to develop if you want to become a better leader, both personally and professionally. In this article, you’ll learn what these leadership qualities are and how you can implement them in your own life. Leading a team is no easy task. Just look at some of the most inspiring leaders, like Arianna Huffington or Rosalind Brewer.

In today’s fast-paced digital world, I’ve come to see time management as an essential skill we need to master. I used to struggle with time management—missing appointments, running late for deadlines. Then I switched to a best calendar apps, and everything clicked. Now I can see my schedule clearly, set reminders, and actually stay on top of things. In this post, I’m sharing a review of 12 best calendar apps that I tested with my team.

Want to keep your projects running on time and within budget? Resource scheduling is the secret to making it happen. It ensures you have the right team, tools, and resources at the right moment, minimizing waste and maximizing productivity. In this guide, we explore resource scheduling best practices, how the right software can keep your projects on track, and how to build a successful project schedule.

Cash flow is the net amount of money that moves in and out of your agency during a given time period. This includes: A positive cash flow means your agency earns more than it spends, while a negative cash flow indicates higher expenses than income. Managing cash flow effectively is crucial for smooth operations. With a positive cash flow, you can cover payroll, pay contractors on time, and set aside funds for unexpected delays, late client payments, or contract cancellations.

If you can’t match projects with the right pricing model, you’ll end up leaving money on the table. Look over these five agency pricing models and find out which ones can best support your unique services and profit targets.

Are staffing issues, employee turnover, or high labor costs draining your business? Imagine running a business without a clear way to manage your employees. Without workforce management analytics, you never know how many employees will show up or when you’ll be short-staffed. Some days, you have too many people on duty, wasting money. On other days, you don’t have enough, causing stress, delays, and unhappy customers.

Problem framing is a thinking method used to understand, define, and prioritize difficult business obstacles and issues. In this article, we cover how problem framing can help keep your team in the know and solve inefficiencies. In today’s complex working environment, it can be hard to come together as a team to solve problems. Lucky for you, there’s never been a better time to discover problem framing.