Fixed Fee vs Hourly Billing: Effective Hourly Rates & Scope Creep
This lesson is part of the course
In this lesson
You compare each client's fixed monthly fee with what the hours would have cost at the hourly rate, compute the effective hourly rate per client and flag the clients whose work has outgrown their fee.
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Lessons in this course
- The Client List: Transactions, Complexity Points & the Fee Table Locked
- Fixed Fee vs Hourly Billing: Effective Hourly Rates & Scope Creep Locked
- Time Tracking: Hours by Client, Non-Billable Time & Utilisation Locked
- The Deadline Calendar: Due Dates with EDATE, Weekends & Internal Targets Locked
- Capacity Planning: Hours Needed vs Hours Available & the Peak Months Locked
- Profit per Client: Fee, Time Cost, Software Cost & the Margin Ranking Locked
- The Price Review: Target Fees, Increases & a Churn Assumption Locked
- The Practice Dashboard: MRR, Utilisation, Overdue Work & Profit by Client Locked