TimeCatchApp Blog
Easy time tracking and project management for consultants, contractors, and SMBs
Category: Analytics
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Project Management Software for Consultants
Continue Reading: Project Management Software for ConsultantsWritten by Russell Reeve, PhD. LinkedIn profile: linkedin.com/in/russell-reeve Project Management Software Built for Consulting Work Project management software for consultants should do more than track tasks. Consulting firms need visibility into deliverables, deadlines, budgets, resources, documents, client communications, time tracking, invoicing, and project profitability. Unfortunately, many consulting firms still manage these activities across multiple disconnected…
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Save time and earn more with this one investing trick
Continue Reading: Save time and earn more with this one investing trickRecently, we have seen many videos and blog posts on when to sell to improve your investing results. These all rely on the S&P 500 as the investment of choice for the algorithms. But they are telling you when to sell. But what do you do then? Sit on the cash? No! You have to…
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How to Calculate Billable Hours and Set the Right Bill Rate for Your Consulting Work
Continue Reading: How to Calculate Billable Hours and Set the Right Bill Rate for Your Consulting WorkWhat is scarier, being asked your bill rate by a potential customer, or being asked to speak in public? For many consultants, contractors, and freelancer, it is being asked what the bill rate is. I have seen it in consultants I have hired, and I have experienced it as a consultant myself. When that question…
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Too many or too few? Improve profitability and destress your team by optimizing your operations using AI/ML: A case study
Continue Reading: Too many or too few? Improve profitability and destress your team by optimizing your operations using AI/ML: A case studyIn the 2025 SAS INNOVATE conference, there was an interesting talk about a problem that a health care system had. This particular health care system had caregivers who travel to homes of patients, and they wanted to optimize their workforce. They used the SAS computing system’s machine learning algorithms to find the best staffing level,…
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What Is Utilization Rate and Why It Matters
Continue Reading: What Is Utilization Rate and Why It MattersIn the last post we talked about the definition of the utilization rate, how to calculate utilization rate, and the utilization rate you should aim for. We now want to take a look at how this will affect your head count strategy, and some challenges with it. But first let’s look at the utilization rate…
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What utilization should you target?
Continue Reading: What utilization should you target?As a consulting or contracting organization, what should my target billable utilization rate be? This number is one of the most important targets, and will affect your profitability and ability to grow. Too low: You will lose money. Too high: You will burn out your team, and will not have time to develop your skillset…