Episode 116 - How to Increase a Founder’s Income by Increasing Yield
Pro Serv Podcast by Collective 54
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Show Notes
The yield of a boutique is the ultimate measure of productivity. Yield is simply the average fee per hour times the average utilization rate. For example, $400/hr x 75% utilization rate = a yield of $300/hr. Increase yield and make more money. But, how? One effective technique is to tech-automate service delivery.
On this episode, Collective 54 member, Ehsan Mirdamadi, explains that small service firms can now afford to tech-automate service delivery by leveraging a fractional CTO (Chief Technology Officer). Listen to this episode and learn how the fractional executive model has entered the technology office. Many Collective 54 members use fractional finance, HR, IT, and Legal executives. Now, they have the opportunity to leverage fraction technology executives. And those that do will see an increase in yield. Members who attend the exclusive Q&A session can explore with Ehsan how to apply this to their firms.