Written by: Allied Time
Time machines are a necessary part of doing business these days. Even if you’ve got a small company or a casually run startup, you are almost guaranteed better productivity if you utilize time management systems to keep track of tasks and how your employees spend their time.
The benefits of timekeeping machines are surprising. Even very small business, made up of less than twenty or even less than ten people, have a lot to gain from tracking your company’s time usage. Even someone who is self employed and runs the show all by their lonesome will be surprised at what they learn from using employee time clocks. Even if you are not concerned about the laziness or production and return rate of your employees, measuring expenditure, return value, and resources consumed in terms of time increments reveals statistics about how your business performs and could improve.
The numbers speak for themselves, but let’s say you’re a one-man or one-woman show who freelances or operates a business completely independently. That’s great, but being your own boss has some drawbacks: what if your bossy is actually a lazy jerk? Sure, your bottom line may look impressive, but if you took advantages of time metric systems to see how you’re approaching and finishing each project versus your income and supply expenditure, you may realize that you could either be making way more money or having way more vacation time!
There’s also a validation argument for utilizing time systems. Simply put, it looks better to consumers if you can keep accurate track of how their money was spent serving them. Illegible scribble in a cheap spiral notebook or a simple spreadsheet is just the bare minimum. Extensive and to-the-minute metrics of project time management looks extremely impressive to your customers, and it gives them something physical that they can then hand off to anyone else they might recommend your services to, making your business that much more convincing and attractive.
If you’ve only got an old-school conception of those silly punch-card time clocks, get rid of it. Modern systems are much more sophisticated, and, let’s be honest, are much cooler now. For example, there are biometric time clocks that utilize things like fingerprints to keep track of your employees. This is sure to be impressive to any potential customers observing your place of business, and this sort of image might just be a huge advantage to a small or independent operation.