Teams | Collaboration | Customer Service | Project Management

Project profitability is crucial for agency growth and stability. Stronger profit margins mean leadership can invest more money into the business. And continue to scale at a sustainable rate. Even if you understand the importance of project profits, being tasked to find concrete ways to actually improve them can feel stressful. But no worries—we talked to agency experts to learn how they’ve boosted their project profits. Use their advice to help increase your own.

In today’s rapidly changing business environment, having a strong commitment to compliance is essential; it’s not something that can be overlooked. An organization’s activities must follow the field’s laws, moral standards, and best practices. This creates a culture of stability and trust. More oversight from regulators and adding environmental, social, and governance (ESG) factors mean that companies need to make compliance culture a key part of their strategy.

Because more people are working from home, being overemployed is becoming more prevalent, which makes things harder for companies. People are overemployed when they have more than one full-time job, often without telling their bosses about it. This can give workers financial security, but it also comes with a lot of risks for businesses. To stay productive, follow moral standards, and make sure your online team works well, you need to be aware of and deal with the risks that come with overemployment.

Don’t use simple to-do lists to manage complex projects. These basic lists leave lots of room for errors, like missed tasks and dependencies. Which lead to project delays, frantic resource shuffling, and frustrated teams and clients. Instead, use a project timeline that provides a clear, visual roadmap of all parts of the project. We’ll cover the ins and outs of different types of timelines. And how to build a realistic one that still lets you adapt to unforeseen challenges.

Compliance in business refers to the practice of adhering to laws, regulations, and internal policies that govern an organization. It is essential to make sure that companies run efficiently, morally, and lawfully. In addition to shielding businesses from legal problems, compliance fosters a happy workplace, which eventually aids in long-term success.

This September, we’re focusing fully on improving cost tracking in Scoro. With the updated budget charts, it’ll be even easier to monitor and forecast project costs and profit margins to keep the project on track!

Note-taking apps have come a long way. They have evolved from a simplistic platform that allows you to capture information to “smart notebooks.” These digital note-taking apps enable you to capture ideas as they come, jot down key points during meetings, capture handwritten notes, and use templates to brainstorm and organize your thoughts. You can easily share notes with others, add multimedia such as images and audio, and even collaborate in real time.

Your project plans make all the difference to project success. While no plan is 100% foolproof, detailed project planning gives you and your team a clear roadmap to follow—one that outlines how you can meet your clients’ goals and your own. Let’s take a closer look at the basics of project planning and how to create this actionable, single source of truth.

We all follow rules as we go about our lives. Some are enshrined in law. Others are social codes, and some rules we set for ourselves. It’s no different for businesses. There is a barrage of requirements between regulations, industry standards, client and customer demands, and governance policies. Adhering to all these requirements is called “compliance.” Workforce compliance is crucial to avoid financial penalties, build stakeholder trust and grow the company.

Compliance is increasingly complex. Today, businesses face a web of overlapping compliance requirements that impact every facet of operations. And it’s not only leadership who holds responsibility for compliance. Employees and contractors also have a significant role in keeping your organization compliant. As a result, compliance training is more critical than ever.