Utilization – 7 Tips For Maximization
Utilization is an essential ingredient for profitability. The way to maximize your profitability is to maximize your utilization. Here are 7 simple ways to boost your utilization rate.
- Create a boiler plate for your email signature and email responses for the most common customer service and administrative tasks. Remember your time is money. Any way that you can work a little more efficiently, or save a little time, through automation can make a huge difference in your utilization rate.
- Turn your top support request into a FAQ bulletin. This way you can easily email it out to clients so you’re not reinventing the wheel every single time.
- Purchase a notebook PC. Use this as your primary computer so you have everything with you all the time. Add to it mobile Internet access, and your utilization will skyrocket.
- Schedule longer client visits whenever possible. Schedule three or four hours at a time. Less time driving around means more billable time and better utilization.
- Book your appointment calendar four to eight weeks in advance. This maximizes your schedule efficiency and utilization rate because you will have fewer holes in your calendar to fill up later.
- Always have backup subcontractors prescreened and lined up for every major virtual IT need. Utilization suffers when you have lag time. If you don’t have to scramble for subcontractors, you won’t suffer as much time loss.
- Track every minute that you work. This includes your marketing work. Log your time into a billing system and calculate your utilization rates and profitability per quarter.
Bottom Line on Utilization
Utilization is a part of your business that you need to keep track of. Once you know where you are spending your time, the onus is on you to maximize that time and create a high rate of utilization. The more efficient you are, the more profitable you are so the smart choice is to get serious about your utilization.
In this article, you’ve been introduced to Utilization. To learn more about how you can improve your knowledge about Utilization, just click here now to get access to a free one-hour audio training program on 5 Easy Ways to Grow Your Computer Consulting Business.