Concierge Business Solutions® data collection system Essential Elements™
Do you find yourself staying up late at night inputting data into Excel spreadsheets? Or losing sleep worrying about whether tasks have been completed for your clients? Are you struggling with managing timecards or providing account visibility to your clients?
These tasks equate to non-billable, redundant administrative efforts that dilute your income. Here’s why utilizing a software system with a non-recurring setup is valuable to a small business owner:
Consider this: if you charge $100 per hour for your services and spend 20 hours per week on billable work, you make $2000 per week. However, if you spend even just 5 hours of that week on non-billable, redundant data collection, your effective hourly rate drops to $80 per hour ($2000 divided by 25 hours instead of 20).
Now imagine you spend an average of 10 hours per week on non-billable administrative work. Your hourly rate plummets to $66.66 per hour. The more time you spend on these tasks, the less you actually earn. And this calculation doesn’t even account for your overhead costs or the time lost on networking and marketing efforts.
It’s clear that non-billable, redundant administrative work is extremely costly. That’s why we developed Essential Elements™ —a comprehensive data collection software solution.
Since its inception in 2007, we have continuously enhanced the software to meet the evolving needs of our employees and clients.
With Essential Elements™, your administrative work is significantly reduced, and most of the data collection becomes part of your billable work, boosting your efficiencies and profit margins.
Most importantly, utilizing Essential Elements™ frees you up to pursue new business opportunities, allowing you to grow and scale your business effectively.
