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Showing posts with the label pricing

Short on Time?

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Time2Grow #1 Damn the paradox! Full speed ahead! Apart  from   time travelers  -  which are a very rare type of people -   we all  get the same  24 hours   a day .  Similarly, monks , hermits and lone wolves are usually the only ones capable of freeing themselves without delay from the most ordinary types of everyday hassles and many other kinds of  not-so-fun   responsibilities. Ain't it cool to shave your head...? So, what does this leaves us with? 😕   Well... with an overwhelming majority of people having exactly the same amount of time in hand as you do , and – most likely – the same unexceptional daily chores and struggles ... Same "stuff", different day... We’re not all that different , although some may try to convince you otherwise. Especially time lords . They’re the worst.  Speaking of which… never trust a time lord .  Have you ever met one?  Full temporal perception … being able to observe the past, the present and the future… in any timestream . Hm
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Which pricing method to use?

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We have picked three different methods by which you can determine a price for your work. Unfortunately, there is no universal solution for it. It depends on the person and on a series of circumstances. However, we think this will help you find the best method for you:
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Hourly rate vs. fixed price

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Is there a difference? When taking a job, one of the main concerns is (unfortunately) always about money- will I get paid enough and/or will I charge the right amount? It’s a difficult question that both project managers and freelancers face. To begin with, you should ask yourself what the price of any job you do consists of. It should incorporate your costs (material and time) as well as your profits. We will now focus on the projects for which time is the main resource, while material makes up just a part of the total cost. So how should we price the project? There are 2 ways how to do that, although I will try to show you that in the end, they should be the same.
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Calculate your costs based on the value of your time

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Time is money Time is money; that we already know. It can be quite easily quantified: the cost of human time at work can be calculated as the ratio between the total monthly cost of an employee (wage, internet, phone) and average monthly number of working hours (168 if you count 8 hours per day and 21 workdays per month). There is however a „problem“: human aren´t machines, their performance can´t be divided into standardized man-hours. We are the furthest thing from dull manufacturing capacities, processing one task after another. We are influenced by the working environment, weather, time of day, hormones and thousands of other things. As a result we´re fairly unproductive one day and discover gravity or painting Mona Lisa the other.
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10 principles to improve your pricing for (not only) starting entrepreneurs

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Set the correct pricing for your work Sounds interesting? Then you, like many others, have probably spent some time thinking about the best way to price your products or services. You might have hesitated to make a decision for some time and have questioned the decision the second you thought about it or even made it.  Did I make the price too high or was the price too low? Don’t worry about it, assigning the correct price to your service or product is one of the biggest challenges any starting entrepreneur has to face.
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How to set precise hourly rates with BILLING

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In our previous article , we´ve described the best practices to organize your time, so that it can be tracked and evaluated with the least possible effort. Now, lets focus on putting a price to that time and see how we should bill our clients.
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User story of the language school Hezkyčesky.com

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We wanted to know how prima ERP has impacted people and businesses since its launch 2 years ago. We asked a young businesswoman, Uljana, who started her language school business the same time as prima ERP appeared on the market, questions on how prima ERP was beneficial for her and how she uses it now. We would like to share her experience, maybe it can help you. :-)
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Creating and managing Bills

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One of the main features of prima ERP BILLING  is the possibility to create bills for your clients, which in addition to TIME TRACKING expands your possibilities in a great way. You can now easily transform all the time you track in TIME TRACKING into money on a bill.
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How to make the most out of my time with pricing

The Pricing section in BILLING  is the perfect place for creating and managing your prices in a flexible way, creating combinations and exceptions that will later affect the way time records are priced in TIME TRACKING. It’s the perfect place to develop your pricing strategy.
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Pricing

Pricing is one of the main features of  prima ERP  BILLING, which allows users to have full control over the price of the work by setting it using different criteria. It can be  used for the pricing of each project, task, client, user and activity based on the pricing level and its priorities.
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