Firms of the Future
The 20th century professional firm business model largely operated by leveraging people x time x hourly rate, focussing on things such as realisation, utilisation, time recording, hourly rates & WIP write ons and write offs.
For most professionals, this model has worked but now, in the third decade of the 21st Century, I believe it is well past its use by date and is such a suboptimal way to run a business. It is increasingly unacceptable not only to many in the professions but also their customers.
This business model is deteriorating as many of our organisational and management structures, modelled on the industrial age “command and control” paradigm, are no longer appropriate, nor acceptable in the 21st century.
There is a new and better business model being used by motivated professionals all over the world which offers bold, proven strategies for restoring vitality and dynamism to your practice by freeing yourself, your team and your clients from the restrictions of timesheets and the billable hour.