{"id":13525,"date":"2021-10-07T10:48:52","date_gmt":"2021-10-07T08:48:52","guid":{"rendered":"https:\/\/www.furious-squad.com\/improve-the-profitability-of-your-consulting-firm-or-esn\/"},"modified":"2026-07-02T16:10:02","modified_gmt":"2026-07-02T14:10:02","slug":"consulting-firm-profitability-boost","status":"publish","type":"post","link":"https:\/\/www.furious-squad.com\/en\/consulting-firm-profitability-boost\/","title":{"rendered":"Boost the profitability of your consulting firm or digital agency!"},"content":{"rendered":"<p>Unless you\u2019re working for the sake of glory (or in the public sector), every business owner knows that profitability is <em>essential<\/em> to staying in business\u2026 Better yet, improving profitability is crucial to staying \u201cin the game\u201d in a growing market.<\/p>\n<p>Good intentions are fine, but having a strategy to achieve your goal is better.<\/p>\n<figure>\n<blockquote>\n<p>So how can you improve the profitability of your consulting firm or digital services company?<\/p>\n<\/blockquote>\n<\/figure>\n<p>Here are 9 tips to put into practice every day:  <\/p>\n<h2>Track the time employees spend on tasks.<\/h2>\n<p>We know it seems obvious, but just in case, we&#8217;re sharing our previous article again, which tells you how to effectively <a href=\"https:\/\/www.furious-squad.com\/suivre-temps-passe-sur-projet-forfait\/\" target=\"_blank\" rel=\"noreferrer noopener\">track<\/a> <a href=\"https:\/\/www.furious-squad.com\/pourquoi-alors-que-vous-etes-sous-leau-votre-projet-nest-il-pas-rentable\/\">your projects by time spent.<\/a><\/p>\n<h2>Track the time you spend on pre-sales activities.<\/h2>\n<p>In fact, sometimes the pre-sales role is a bit like a dumping ground where we toss everything we don\u2019t quite know where to put. Or it\u2019s like a competition where we spend 30,000 euros to make 10,000\u2026 By the way <a href=\"https:\/\/www.furious-squad.com\/en\/last-pre-sale-cost\/\" target=\"_blank\" rel=\"noreferrer noopener\">, do you know how to calculate the cost of your last pre-sales campaign?<\/a>  <\/p>\n<h2>Get a dashboard showing profitability by customer.<\/h2>\n<p>On any given project, it\u2019s normal to make a profit or take a loss (as little as possible, of course), but when this becomes a regular and recurring pattern from project to project, it\u2019s time to let that client go! Defining clear <a href=\"https:\/\/www.furious-squad.com\/en\/profitable-organized-agencies\/\">profitability criteria for your communications agency<\/a> allows you to quickly identify the truly profitable accounts; Furious then helps you focus your efforts where it pays off! <\/p>\n<h2>Offer incentives based on project profitability.<\/h2>\n<p>If you get your employees interested in tracking these metrics, you\u2019ll soon see that the drive to do better will take over\u2014and it\u2019ll be a win-win for everyone! With Furious, it\u2019s simple and fun\u2014give it a try! <\/p>\n<figure id=\"prime-projet\"><\/figure>\n<h2>Implement regular project debriefing meetings.<\/h2>\n<p>And with all project stakeholders at the conclusion of every unprofitable project, it is important to take stock and hear everyone\u2019s views on what they believe caused the loss of profitability.   <\/p>\n<h2>Allocate purchases to your projects.<\/h2>\n<p>Ask yourself this: are you able to generate clear cost accounting to allocate a purchase to a specific project? By linking a <a href=\"https:\/\/www.furious-squad.com\/comment-creer-des-grilles-tarifaires-pour-votre-entreprise\/\" rel=\"noopener\">pricing grid template<\/a> to your <a href=\"https:\/\/www.furious-squad.com\/en\/crm-software-for-business\/\">project management software<\/a>, you can optimize cost allocation and track expenses with greater precision. With software like Furious, you can allocate a purchase to multiple projects with a single click. This is especially handy for managing a freelancer working on 4 or 5 projects, for example!   <\/p>\n<h2>Analyze the projected profitability.<\/h2>\n<p>All too often (when it\u2019s done at all), we only have a vague idea at the end of the project whether we made a profit or not. That\u2019s fine for those looking back on the project, but it\u2019s useless for making informed decisions. Knowing a project\u2019s net profitability in advance, thanks to key metrics like the <a href=\"https:\/\/www.furious-squad.com\/en\/master-roi-calculation\/\">ROI formula<\/a>, allows you to better anticipate results. By factoring in elements such as production costs or a potentially <a href=\"https:\/\/www.furious-squad.com\/combien-coute-la-migration-vers-un-erp-pour-mon-agence-ou-mon-esn\/\">costly ERP migration<\/a>, you can adjust your strategies before it\u2019s too late.   <\/p>\n<p>Furious allows you to clearly see, right from the quote stage, the projected gross and net profitability of your projects\u2014and <em>ultimately, of <\/em>your business.<\/p>\n<h2>Standardize processes for the products you sell most frequently.<\/h2>\n<p>In other words: Do you have a streamlined process that saves you time on the projects you sell the most? Example: If you regularly sell press releases or landing pages, do you have a process that ensures that no matter who is working on them\u2014whether an individual or a team\u2014it will take the same amount of time? This is a must-have that will boost your profitability!  <\/p>\n<p>Furious helps its clients <a href=\"https:\/\/www.furious-squad.com\/en\/5-margin-traps-for-agencies-and-how-to-avoid-them\/\">optimize and automate their processes<\/a> and effectively manages every stage of their projects.<\/p>\n<h2>Organize your management.<\/h2>\n<p>To ensure that profitability reviews are conducted, ideally on a weekly basis.<\/p>\n<p>The idea is to quickly halt or realign projects that are veering off course. Furious is the manager\u2019s virtual assistant that will automatically alert your managers well in advance in the event of a project risk. Thanks to the predictive engine! This helps avoid the question <a href=\"https:\/\/www.furious-squad.com\/pourquoi-alors-que-vous-etes-sous-leau-votre-projet-nest-il-pas-rentable\/\" target=\"_blank\" rel=\"noreferrer noopener\">, \u201cWhy isn\u2019t my project profitable when I\u2019m giving it my all? <\/a>!\u201d   <\/p>\n<p>In short, as you can see, no wind is favorable to those who don\u2019t know where they\u2019re going. Furious is a control tower that lets you manage your production and profitability easily and proactively. <\/p>\n<p>No more excuses for not winning the league next year \ud83d\ude09<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are 9 tips to help you improve your business&#8217;s profitability.<\/p>\n","protected":false},"author":10,"featured_media":43130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[441],"tags":[1774,1788,1796],"class_list":["post-13525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-en-ok","tag-agenzia-di-comunicazione","tag-profitability","tag-project-management"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"Here are 9 tips to help you improve your business&#039;s profitability.\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Juliette Saez-Lopez\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.furious-squad.com\/en\/consulting-firm-profitability-boost\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Furious squad \u2013 Pilotez projets, \u00e9quipes et rentabilit\u00e9 au m\u00eame endroit.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Boost the profitability of your consulting firm or digital agency! 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