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Agency Life

The 4 P’s of Time-Tracking Your Team Won’t Hate w/ Deb Andrews

Aug 17, 2023
Deb Andrews, Owner of Marketri marketing agency, discusses the 4 P’s of time-tracking. She explains the importance of time-tracking in agency operations, factors that impact profit margin, effective time tracking, making course corrections early, and the impact of a financial advisor.
34:14

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Podcast summary created with Snipd AI

Quick takeaways

  • Time tracking contributes to accurate billing, performance monitoring, scope creep identification, and personal development.
  • Setting clear time tracking policies, effective onboarding, and transparent communication fosters a culture that values accurate time tracking and empowers employees.

Deep dives

Importance of Time Tracking for Agency Teams

Time tracking is a common challenge in agency life, but Deb Andrews, owner of Marketree, shares four key reasons for team compliance and buy-in. The first reason is payment, as time tracking ensures accurate billing and client payment. The second reason is performance monitoring, using time tracking data to assess individual, client, and project performance. The third reason is identifying potential scope creep, using project budgets and notifications to stay on track. Finally, time tracking contributes to personal and professional development by helping individuals analyze their time usage and improve efficiency. Deb emphasizes the need for upfront policy establishment and transparent communication about the impact of time tracking on company profitability and individual bonuses.

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