“First, if you’re going to start a business, make it your business. Don’t take capital or lose control of the company before it’s even off the ground, because if it fails — most do — you’ll never know if, done your way, it would’ve been a success. It’s relatively easy to get money for a start-up, but usually the founder is risking a lot more: his time.”
Why we are getting rid of our hourly rate
Value-Based Billing
User experience agency Teehan+Lax published a post that explains why they’re moving from time-based to value-based billing for their agency. For years I have been charging value-based, and it’s incredibly rare that I personally or my agency New Ezra bills by the hour. I really like the way they explained their reasoning for the switch to value-based.
Three universal truths for why projects are not completed on time
- Clients are never as prepared as they say they will be.
- Clients always change their mind.
- People always underestimate the amount of time it will take to do something.
Often understanding what causes the problem is enough to figure out how to prevent problems.
