tag:blogger.com,1999:blog-22311364.post4312217784982848583..comments2024-03-27T21:40:39.130-07:00Comments on Small Biz Thoughts by Karl W. Palachuk: Eight Almost Obvious Ways to Make Money Right NowKarl W. Palachukhttp://www.blogger.com/profile/10854725002875547297noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22311364.post-68635836288557889422014-05-06T07:35:15.751-07:002014-05-06T07:35:15.751-07:00Robert - That's always a great way to build la...Robert - That's always a great way to build lasting relationships.<br /><br />Andrew - I agree with your concept. We just implement it a little differently. Rework is not billable to a client, for example. But I still pay the employee. :-)Karl W. Palachukhttps://www.blogger.com/profile/10854725002875547297noreply@blogger.comtag:blogger.com,1999:blog-22311364.post-22169011242229303152014-05-06T06:17:24.140-07:002014-05-06T06:17:24.140-07:00With regard to point 3, I have long been telling m... With regard to point 3, I have long been telling my colleagues that in one sense, and a very real sense, there is no such thing as "non-billable time." All time is billable-- the only question is how the time is billed. Is it billed hourly? Prepaid? Net 30? Annual Contract? Quarterly Contract? Project? That ties in to point 7: even contract and project work needs to be tracked thoroughly so that the price of the contract can be reasonably determined at its next review and the price of the next project can be reasonably estimated. In the end, your clients as a group and as individuals have to pay the costs of keeping your company in business, or else it won't be in business. If you do give something away for some reason, it has to be made up elsewhere.Andrew Sauccihttp://www.2000computer.comnoreply@blogger.comtag:blogger.com,1999:blog-22311364.post-82631850693607124182014-05-02T06:07:51.576-07:002014-05-02T06:07:51.576-07:00Karl, I would suggest the quickest way to make mon...Karl, I would suggest the quickest way to make money is to actually call your clients and talk to them. Take them out for coffee and ask them what pain points they have in their business. Solve these you'll make money and chances are others will have similar pain points so you'll be able to solve them there even quicker! Director CIAhttps://www.blogger.com/profile/02081999248380689857noreply@blogger.com