30% profitability leap for Positive Business Online — The Time Doctor impact

At a glance

Nik Cree started the web development agency, Positive Business Online, to get away from the 14 hour days that consumed his life in the finance industry. He wanted to build a profitable business where he could work on interesting projects with great people. And most importantly spend more time with his family.

The challenges

While growing his agency, Nik suffered a problem most agencies face. He was guessing at how much time a project would take, and billing his customers based off estimates. This is a dangerous game for any agency to play. That’s when he decided to look for a time tracking tool. He wanted to make sure that he was billing his customers at prices which would make his agency profitable.

The solutions

After tracking how much time projects take, he realized he needed to increase his prices by 30% in order to maintain the level of profitability needed to maintain his lifestyle!
“I have spoken to other agencies and have recommended Time Doctor because it has saved me so much time and money.

And when I hook Time Doctor up to Asana, I don’t have to go through line item by line item to determine where a job taking too long, or if something was worked on sufficiently.
And all of this time saved directly impacts my bank account.”

Conclusion

Like every business owner, Nik needs to pay his employees and contractors every two weeks.
Prior to using Time Doctor, Nik was forced to run through a series of spreadsheets, project manager software tools, bank statements, invoicing statements, and vendor contracts in order to ensure that his employees and contractors were getting paid the right amount.

Now, with Time Doctor, all of this is in one place. Nik no longer spends time trying to find out how much he owes his employees. He simply logs into Time Doctor, goes to the payroll dashboard, and is able to determine how much he owes each person.

And by linking Time Doctor to his billing software, he is able to pay his entire team with the push of a button with a 30% profitability leap.

“Before using Time Doctor, I had very little oversight of my employees’ time allocation.”