ChrisW
New Contributor
Hey Everybody,
Does anyone have any suggestions on the best way to calculate passivity percentage for a business?
I'm currently running my own consulting business and am working hard on trying to cut the amount of direct time that this business takes from me. If I can replace myself with a human resource system then I'll keep it as a revenue stream, but if not, I at least hope to cut my direct time way down to focus on true fastlane opportunities and then drop the consulting altogether.
I need to set some concrete passivity goals, but am not sure the best way to calculate. Is it as simple as Number of Hours billed vs. the number of hours I worked? Or should it be based on net profits vs. my direct time somehow?
I want an accurate picture of how much (or little) time I put in and how much results from that.
Thanks and please forgive my ignorance of basic math!
ChrisW
Does anyone have any suggestions on the best way to calculate passivity percentage for a business?
I'm currently running my own consulting business and am working hard on trying to cut the amount of direct time that this business takes from me. If I can replace myself with a human resource system then I'll keep it as a revenue stream, but if not, I at least hope to cut my direct time way down to focus on true fastlane opportunities and then drop the consulting altogether.
I need to set some concrete passivity goals, but am not sure the best way to calculate. Is it as simple as Number of Hours billed vs. the number of hours I worked? Or should it be based on net profits vs. my direct time somehow?
I want an accurate picture of how much (or little) time I put in and how much results from that.
Thanks and please forgive my ignorance of basic math!
ChrisW
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