![]() ![]() At the end of each week, month or quarter, we can see exactly how much time was spent on a particular task-and how much revenue it generated. Your team’s time data can give you these kinds of valuable insights.Īt Hubstaff, we track time on all our tasks across all departments, from marketing and customer support to development. ![]() For example, if your development team is spending more time on customer support than on dev work, it’s time to hire more support team members. Plus, you can more effectively plan and scale your team based on actual business needs. Use it to assess ROI, know what’s working and what’s not, and determine the best use of your team's time. ![]() Time data is one of your most important business metrics. Step 2: Use time data to pinpoint tasks that drive ROI today Then we broke quarterly goals down into weekly tasks: To achieve this, we used the Theory of Constraints to break down our yearly business goal into quarterly goals. Last year, our goal was to reach $70 k in Monthly Recurring Revenue. That’s why every year we set a very specific business goal and only take on projects that directly further this goal. Īs our co-founder Dave Nevogt says, a huge part of the battle of running a successful business is focusing your energy and resources on the right things. And we're happier and more productive than ever: our marketing strategy examples helped us go from $250K to $1.2M in revenue in just 18 months. ![]() A focused goal makes your team more purposeful in how they spend their time, and thus more productive-which paves the way for rapid company growth that's actually sustainable.Īs a 100% self-funded and fully remote team, we at Hubstaff have been using a simple, two-step process that has helped us grow and scale our business sustainably. But having a single, clear business goal is arguably one of the most important elements for success. There are a myriad of factors for fast and sustainable business development, including building a powerful brand, forging strong partnerships, and having a flexible management system in place. ![]()
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