Posts

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

How to accurately track your work time

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In many smaller companies, there are constantly disputes about the amount of hours worked and naturally also about the salaries being paid for them. Overtime, weekends, holidays, sick leave, business trips, etc., all this requires exact tracking of your working time. If the company then suddenly agrees to track time on clients and projects, the administrative work can become almost unbearable and without a special time tracking and attendance software , almost impossible. However, merely recording the time is not enough. Inaccurate number of working hours is a typical problem encountered by all companies (which often leads to problems with employees and customers), poor planning, failure to comply with the terms and consequently the loss of profit. To prevent these problems from happening, you should track the time in real time and regularly analyze the data. But how should you do this?  

How can you help your team use a time tracking software?

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Usually it only takes the mere mention of a time tracking program for most employees to cringe and start protesting. It may or may not be because of bad experiences in the past, but most people just don’t like big changes and are wary of something new, especially when it involves some kind of “control”. Usually, these fears and doubts are not correct and at the end, the outcome is positive; with time tracking software, this is the case.

Enjoy the summer thanks to these free applications

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There is a plethora of applications for your computer and mobile companions in today’s market. Just look around and you will find cool apps which will not only make your work easier, but also help you unwind after a hard day’s work. I have tried a lot of them, but these are my personal favorites. Enjoy the summer with these five tools.

Meet primaERP Attendance: The new web & mobile app

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We´re happy to introduce prima ERP ´s new module Attendance, which keeps track of your and your colleagues` working hours without the tedious paperwork. It has been created as a light application for companies, which are looking for both high usability and simplicity.

Get to know primaERP Attendance

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1 – What is it? Attendance is prima ERP ’s module designed to register the workers’ time in and out, as well as their breaks and engagement in their designated tasks. It works as an online punch clock with some of the perks of a time tracking application.

Why to use Cloud-based Time Tracking and Attendance Software

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The idea of using cloud and/or cloud- based enterprise software is sometimes still difficult to adopt and, despite its´ improving and „maturing“, remains controversial. However, there are many kind of tools, especially attendance and time tracking applications , which offer advantages that have the potential to significantly impact the performance and productivity of businesses, especially SMEs.

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.

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.

Costs and expenses are counted down to the last penny- so shouldn’t your time be too?

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Time as a valuable resource “The most costly outlay is the outlay of time”. This idea is attributed to Antiphon, Socrates’ contemporary. Already in ancient Greece, they knew that time should be calculated and that it is crucial to everyday life, so why do we, modern humans, disregard it so often? In every company, we are very meticulous in our accounting; we know exactly how many paperclips and coffee we need, how much we need to buy and how much we need to sell. But do we know, how much our time is actually worth? 

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.

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.

New Year, New Features

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Over the holidays, we stayed busy and added some useful features, which we think will make your work much quicker and easier, a step toward our (and maybe your) New Year’s resolution to fulfill.

A primaERP Christmas Carol!

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We would like to wish you happy holidays on behalf of everybody in primaERP. Stop stressing yourselves with what you need to get done until the end of the year, or should we rather say, don´t let the last-minute gift hunting bring you down. Grab a chair, put your feet on the table, grab something hot to drink and relax with our story about one nameless, yet somehow familiar entrepreneur.