Quick wins Archives

How to make “quick and easy” pieces of work worthwhile with value pricing

When you have an existing client contracted on a “time and materials” basis, pricing small jobs or consultancy calls is pretty straightforward. Job takes fifteen minutes? Charge them fifteen minutes. Bosh.

But when a new prospect approaches with a quick piece of work or to ‘pick your brains’, it gets a bit more complicated. There’s a client onboarding overhead; an estimation cost, and you may never see the client again afterwards – so 15 minutes worth of fee isn’t worth taking on the job, is it? This is where value pricing is handy.

**Paying for what is needed and delivered**

If you’re approached for a “quick fix”, then the end result is just that. You will have fixed something for your client and, hopefully, have done it quickly. Whatever the product or service, for the client, the result is fairly binary. Whatever is broken goes from a 0 to a 1. Or broken to fixed. You, however, have to consider the following:

What other work do you have to displace to deliver this quick fix?
What is the cost associated with the member of staff performing the work?
How should this be priced for it to be profitable for the business?
What tools will you be using, and what is the tangible cost?
What about other associated tasks? Admin, testing, QA
Have you calculated the cost associated with taking the brief?
And what is the additional cost associated with sign-off and delivery?

Now, if you want to sit down with a notepad or a calculator and work out the costs of all of the above factors by using an hourly rate, then go for it. But that is not a fun or easy task. In fact, that’s a case in itself for having a fixed cost or minimum cost for quick jobs.

Price these jobs based on “value”

Value-based pricing is nothing new. However, the concept almost always places value on the client’s side. For instance, a brand for a large organisation is priced at a five or six-figure sum because, well, they are a large organisation, and the impact of a good job will be significant

That method still stands, but remember, value is a two-way concept. Your people, processes and expertise all have a value too, and it’s not something that can easily be boiled down into an hourly rate.

Imagine several of these requests coming in per day. Think how disruptive that could be to bigger projects. It would only take a couple of weeks to see that the revenue from quick-fix jobs really doesn’t justify the opportunity cost and the knock-on effect it has on the rest of your business.

A fixed price is good for everyone

By fixing your cost for quick fixes or consultancy calls at, say, £300-800, you are well covered for all the factors listed in the bullet points above. You also give your prospects a clear understanding of what they will be charged. And if you know your stuff, it shouldn’t be a hard sell. Your prospect came to you, after all.

The new client gets what they need, and they know what it’s going to cost. Honestly, a problem that isn’t worth £300 isn’t a problem that needs to be solved.

Need some help from an outstanding team? Give us a shout!
We’d happily work with you to make improvements to your organisation.

Even if it’s a “quick fix”.

Pesky mice! Ever get irritated trying to find your mouse pointer?

We all do what we can to be more productive. Whether that’s clever things like window snapping or using multiple monitors, having organised “screen estate” can really help with multitasking and having crucial information at your fingertips.

But sometimes, those fingertips can get the better of us. Ever looked across your monitor(s) and been unable to see your pointer? Despite shaking the mouse furiously? It happens to all of us, but thankfully, there’s a quick fix whether you use Windows or Mac.

Find your mouse pointer in Windows

Click Start button
- type Mouse
- click Mouse Settings
Choose Additional mouse settings
Select Pointer Options
- Check the box for Show location of pointer when I press the Ctrl key
- Click OK

Now, simply press the Ctrl key on your keyboard, and a large, bold ring will hone in on your cursor, wherever it is on your screen. Then, slap yourself on the forehead and say something under your breath like, “There it is!”

Find your mouse pointer on a Mac

For those working on a Mac, there’s a handy option to enlarge the mouse pointer by shaking it.

From the Dock, open the System Settings app
- in the top-left type Shake
- click Shake mouse pointer to locate
Under the Pointer section, toggle Shake mouse pointer to locate to On

Now, shaking your mouse back and forth will make the cursor temporarily bigger so your eye is drawn to it.

Quick tips like these are great. They may take a little while to set up, but once in place, they can quickly wash those moments of momentary frustration clean out of your day.

For more like this, keep an eye on our blog and our social media channels.

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Are poorly written Excel macros slowing you down? Probably!

If your macros are taking longer than they should, you’re not alone. We’ve seen processes that should complete in seconds, but instead, take minutes – and even up to 96 hours in extreme cases! With the right optimisations, we reduced those 96-hour routines to under a minute.

Why are your macros so slow?

Culprit 1: Excessive read/write operations

Every time you read from or write to an Excel sheet, it slows things down. While tricks like disabling calculations, screen updating and events help the issue, the real issue is frequent read/write operations for every single cell. This can grind your process to a halt.

Solution: Use arrays! Load your data into an array, process it in memory, and write everything back to the sheet in one go. This speeds up your process from minutes (or hours) to milliseconds.

Culprit 2: Inefficient code design

Poorly written code often involves unnecessary loops. The most common mistake is looping through one dataset for every item in another. While this might seem fine for small datasets, it becomes unmanageable with large ones, making processes much slower than they could be.

Solution: Use dictionaries! Store values that need to be accessed quickly in a dictionary, eliminating the need for multiple loops.

For more expert help with optimising your Excel macros and VBA routines, get in touch today.

When the going gets tough, the tough rethink their business processes

You don’t need us to tell you that companies have ups and downs – we’ve seen a fair few in our time. So what does tough look like? It might be projects on hold, clients reducing budgets, or simply a struggle to hire. Over the years, we’ve learned to ride this out by utilising this unutilised time to think about our own business, and if you’re in a temporary slump, now is the time to think hard about how you can better your business.

Rethink your own business processes

You can afford to take your eye off the pipeline for a few days, however scary the concept is, and it will be hugely beneficial to use quiet periods to improve business-critical processes. This is something that we did earlier in the year, and I’m glad to say it made a difference. Here are some things we learned that you can borrow from.

Improve your time tracking and time management

Lofty statement incoming: Time tracking is one of the best things you can implement to help with revenue, forecasting and reporting, particularly in a business where labour is the main cost. Time is your biggest resource, and if you can’t see where it’s being spent, you have poor visibility of your business. Worse still, you could be losing money.

The trick is implementing thorough time tracking without your people feeling they’re being watched. In our case, that meant explaining the rationale and importance:

Ensuring hourly paid work is being categorised correctly and charged (at least 5% of our billables weren’t getting billed)
Assessing the profitability of fixed-price projects, service retainers, and client accounts
Improving the accuracy of project estimation in future

Improve your processes

With the joyful arrival of twins last year, and as a director in the business, Nic made an effort to not only improve time tracking to see where exactly his time was going but to use that data to identify ‘time sucks’ and “eliminate, automate and delegate” as many as possible (read more about this in a recent blog). In short, we made the business more efficient.

In the long run, this reduces opportunity costs, creates better working practices, and can be applied across the business and even to other members of staff. It also means that you can review and re-review where your time is going whenever you want. And then make any necessary adjustments.

Founders and business owners, don’t be afraid to track your own time. You may be shocked to discover where it’s going.

Review your finances

Cash is king. Do you have enough stashed away to weather a storm? How do you know?

Quality forecasting, monthly reviews, and developing a set of KPIs, a business dashboard or a scorecard are all essential to understanding your business and what levers you can pull to ensure long-term viability.

This doesn’t necessarily mean cutting costs and calling it profit. Short-term profits might seem tasty, but you have to keep an eye on the long-term profits too.

Understand more about your customers

You can build a company from the inside out and it might look and feel great to you and your staff. But what about your customers? It’s also beneficial to build from the outside in. Listen to what your customers or clients are saying and use it to instruct practices, pricing models, communication and marketing. They are a direct conduit for feedback, and many businesses completely overlook this.

Don’t forget your network

Networking is no longer standing around in hotel function rooms with a “My name is” badge, questionable coffee and lukewarm croissants. Networking can be WhatsApp groups, walks and talks, online communities, and so much more. It’s important to remember to network, not only for new business but for new partnerships, too. Businesses and business leaders often help each other out, whether that’s with relevant services, shared ideas or just a shoulder to lean on. Get out there!

Revisit and optimise your service agreements

We see many organisations applying a “set it and forget it” mindset to SLAs. Ie: “It’s always been this way.” Well, it doesn’t have to be. Review your SLAs periodically, and specifically, put a formal process in place that helps you calculate exactly what they’re costing you and where the money’s going.

We built an SLA retainer model that takes into account time for planned and reactive maintenance, client communications, desired response times, and small feature requests. It enables us to give transparency to clients so they can see how we’ve calculated our SLA retainers. And by plugging these budgets into our time tracking, we can identify whether we’re delivering value.

While most of our SLA retainers were about right, unsurprisingly, some were unprofitable. Others were revised to work a little more in our clients’ favour, delivering them more value for money. It’s a rare but pleasant day being able to go to a client and offer them more for less!

But, your mileage may vary. You may find that you’re overservicing your clients, or at the other end of the stick, you’re not giving them enough, and perhaps that’s why they’re taking their business elsewhere. It’s all about providing better value and having the data in place to help you understand exactly how to do that.

From there, you can make the bigger, broader decisions. Perhaps you stop doing fixed-price work. Maybe you completely overhaul your SLAs for the first time since you started the business.

Either way, this is about both long-term customer retention and business profitability.

Pay for some advice

Yes, money may be tight and you may feel like you can’t afford to. But the question is, can you afford not to? Sometimes, you can’t see the wood for the trees. We invested in great people to improve our business, and while they are all very separate in what they do and deliver, and none of them are remarkably expensive, their collective efforts across the business are significant. In our case:

Fractional CFO: Frank chat about numbers
Marketing guy Ben: For digital content and things
Ad guy: For targeting and pulling in leads
Brilliant and Human: Helping us love our clients

In summary

So, let’s recap. If you do find yourself with quiet moments, put them to good use. Turn the focus inwards, if only for a few days. Spread that over a few months, maybe. It’ll quickly add up and help you tweak what needs tweaking. It might even open your eyes to a problem that’s been right in front of you the whole time.

Whether you apply automation, integration, an improved set of tools, or an entirely new application, it’s all part of the bigger story of building a better business and making business a breeze.

Sound like something you need?
Give us a shout. We’d happily work with you to make improvements to your organisation.

Plus-addressing: Get more email addresses without adding mailboxes or aliases

Digital transformation isn’t always about the big stuff. Sometimes, there are “quick wins” that are relatively small in their execution but huge in their effectiveness. One such example is creating multiple email addresses from your existing email address simply by using the “+” symbol.

For example, you might do your day-to-day email through yourname@yourdomain.com, but you could add yourname+invoices@yourdomain.com. This creates a “virtual” address, but the emails still reach your regular inbox. Why would you want to do this, and how’s it different from an alias? Let’s take a quick look:

It’s great for tracking

In the age of spam and cold emails, sometimes it’s helpful to know who or where they’re coming from. Of course, this isn’t MI5 levels of espionage, but it provides a pretty reliable audit trail. For example, yourname+web might suggest that the email address you have on your website has been scraped. Or yourname+newsletter would suggest that something you’ve signed up to has shared your data with a third party. Naughty.

It enables multiple logins with one email

If, like us, you need access to admin consoles, back ends, portals and such like, there is often a need for several email addresses for different user types, such as admin, manager, employee and suchlike. Here, you can simply use youname+admin, yourname+manager and yourname+employee. This means you can log in with different user permissions without creating three different email addresses.

It’s quicker and easier than aliases

Aliases are brilliant, and they certainly have their place. However, not everyone knows how to create them, or people forget. We often walk clients (or each other) through the steps. On a “quickly do this” level, the “+” trick is far more efficient and straightforward.

It can save you a lot of money

Similar to the multiple logins tip, we often find a need to create multiple emails for testing purposes. Using yourname+test1, yourname+test2, yourname+test3 and so on can save you from having to create additional seats or emails within your workspace.

It’s suitable for search

Ever lost an email? Or have you found yourself frantically searching your inbox using one keyword after another? Searching for “+newsletter” or “+invoice”, for example, can quickly narrow down your search. Better still, you can set up smart rules or actions to put emails to said addresses into their own folders.

This clever little trick is widely supported, so whether you’re using Google, Microsoft, or something crazy like Lotus Notes, you’ll have no trouble implementing it.

We love little hacks like this. They’re super satisfying, and while it won’t seem like much at the time, you’ll thank yourself in the future, and you’ll quickly see how much it improves time management and organisation.

If you’re a business looking for quick wins or larger digital transformation across your organisation, let’s talk!

Making good introductions: it’s all about etiquette

We’ve made and received loads of business introductions over the years and formed some opinions about what makes a good one for both sender and receiver. Here’s our take.

Introductions are a key part of new business for many organisations. According to a survey from Smart Insights, referrals make up 65% of B2B business leads. More recently, research by Finances Online suggested that referrals as a lead source grew by a staggering 425% during the first wave of lockdowns during the pandemic.

So whatever your sector or industry, it’s highly likely that you’ll be intro’d to a new contact by email, or you may intro one of your contacts to another. All being well, it could be the start of a positive working relationship. On the flip side, some introductions can slip through the cracks.

Maybe the email wasn’t particularly clear, or you left it an embarrassingly long time to reply and ultimately brushed it under the carpet. This is where etiquette comes in, and with just a few simple steps, you can up your introduction game and turn them into referrals.

Sender etiquette

No one likes an unsolicited introduction

If you’re connecting people, you should first of all check that each party will welcome the intro. No one likes an unsolicited introduction. If one of the parties specifically requested the intro, then half your work is done – but don’t half-ass the rest of it!

Contact each party individually laying out what introduction you plan to make and ask whether it’s of interest and if they have time to take the connection. The time part of the query is key – it shows you respect them and if the intro is not for them, it gives them an easy out and everyone saves face.

Everyone on the same page?

Checked both parties are up for the intro? Great!

We’ve probably all had some unexpected connections, and the conversation gets a little awkward if it’s not right for you, or you don’t even understand why you’re receiving it.

Keep it concise

Write a short email cc’ing both contacts, and introduce them to one another with thoughtful details a la Bridget Jones. One sentence each usefully suffices. I find it helps to repeat the reason for connection and the relevance of the ‘connectees’. If you can’t think of what to say, is it a good connection at all?

Receiver etiquette

Time is ticking – follow up!

Sometimes intros can catch you off-guard. Let’s assume the sender has at least prepped you that it’s coming, as above, and maybe when it comes in you’re time poor or knee deep in something else. In any case, it’s polite to reply within a day, cc’ing the introducer and acknowledging the connection. This at least lets your sender know it’s been actioned and initiates contact with the third party. There’s nothing worse to a thoughtful introducer after making a warm intro, than wondering whether the two parties have in fact connected successfully. Want other intros in future? Best say thanks.

Booking in a chat

You can use your acknowledgement email as a buffer to buy a little time, and it’s a good opportunity to suggest a call, or promise to follow up ‘properly’ at a better time. Just don’t forget. Better still, set yourself a calendar reminder. Personally I like to offer a direct link to available slots in my diary and let the ‘connectee’ pick and choose.

I’ve encountered various cool apps for booking calls:

Microsoft Bookings comes as part of your Office 365 subscription will schedule an MS Teams call for you
Calendly does a nice job too and connects with Google, Outlook, Microsoft Office and iCal
You Can Book Me is also pretty neat

Master the art of the one-time-only ‘reply all’

Stop hitting reply-all after the first acknowledgement – no one needs to be looped in after the ‘thank you’. If you want to avoid reply all altogether (as there’s always the danger of leaving the sender on CC for the next 500 emails), then simply reply directly to the sender acknowledging the email, and then send a separate message to the third party. This technique, whilst a little more direct, does save you getting into a three-way chit-chat which could slow the conversation down.

Congratulations, you’re now an introduction pro.

Honestly, it does sound very basic when you break it all down like this, but as we said at the beginning, we get busy, things can slip off our radar, or we can misjudge a message, whether reading or receiving.

What’s important is that a relationship starts on a good foot. Much of our work is optimising our clients’ customer journeys, and that initial contact is where it all begins and where first impressions are made.

Get it right off the bat, and good things will follow.

You’ll be great, you just have to go for it!

Home working and enjoying it – a practical guide.