Got a crystal ball, fortune teller? Can you see future project revenue? No you can't!  Sorry, but you can't.

But this comes close.  :)

Scroll down for a sweet and awesome project revenue video.

consultants love ST

"Give me your hand"

"I see a long and properous future"

 

This bar chart shows future project revenue based on simple sales funnel settings. Those settings include a percentage of likeliness that you'll win a project. A status setting for "Submitted" "Won" or "Lost" is also included.  The bar chart blends revenue into time periods based on your proposed date range. Get enough projects in the pipeline, and you can get a reasonably accurate picture of your revenue. The more projects you have, the more accurate the sales funnel will be.

You may not be able to tell the future, but this looks pretty tempting. Scroll down below the video for more.

 

 

What is a project funnel?

A funnel has a large opening at the top and small one at the bottom. Liquid sloshes around at the top, sometime spills out, but finally makes its way to the bottom. Projects that are dumped into a project funnel are similar. The "top" of the funnel is the beginning of the sales cycle. You have a lot of candidates, but not all work out. You win some and you lose some. Watch another project funnel video here.

consultants love ST

"We're winning about 53% of our projects"

"Can we increase that to 58?"

 

Hopefully, a majority of those projects end up as signed contracts with revenue. Those projects are the ones at the bottom of the funnel. Although you may not know which projects you will win and which you will lose, you may have an idea of their likeliness to close. The graph uses that percentage of likeliness and the possible revenue for it's values. It also uses the start and finish dates for the project.

This information is all that is needed to plot monthly sales bars representing projected revenue over the coming year.

 

consultants love ST

"Yes, but we need..."

"Slicker project proposals"

"Personal contact with customers"

 

 

How does a project funnel differ from a sales funnel?

A project funnel and sales funnel are pretty-much the same. This is a project tracking and timesheet app, so everything is project oriented. It is not a CRM where everything is customer oriented. You have a different app for that. Everything here relates to projects -- when will they start and end, when will revenue be realized, who is working on them? Ect, etc, etc.

 

consultants love ST

"This compliments and verifies our CRM app"

 

How can a win-loss graph help me?

What if you could look out into the future and see awful months where no revenue is coming in? Or what if you saw months that exceeded your capacity to deliver? Have you ever wondered if your revenue is rising or falling? Is one portfolio of projects doing better than another? Those are the questions answered by this bar graph.

 

consultants love ST

"I think we're going to be okay"

 

 

Video text:

Have you ever seen a sales funnel for projects?

In other words, a graph showing how much revenue you’ll get for all your projects?

Standard Time® has one.

Of course, with any sales funnel, you’ll win some and lose some. Proposals go into the funnel, and the best ones come out the bottom as cash revenue. We help you close more, and finish faster.

Here’s how:
1. Start by creating a project
2. Set the revenue you expect
3. Set the timeframe
4. Set the win percentage

Now view your projected sales revenue for all projects in the funnel.

And watch your revenue grow with tools like:
1. Project proposals
2. Project dashboards
3. And Project task warnings

Standard Time is the best tool to win projects.

Start a free trial today.

 

Watch YouTube playlist of whiteboard time tracking videos

 

 

 

 

 

 

 

    More videos to explore

  • Quick Questions (2 - 4 min)

    Answers to quick questions we have received regarding the employee timesheet, projects tracking, and PTO. See the product in action. Read More
  • Whiteboard (60 sec)

    Introductions to time tracking and project management. Get ideas, get inspired, try new things, and learn what your timesheet can do Read More
  • Old-Timey (60 sec)

    Tracking time and expenses in the modern world? See the most modern technique for time sheets and time management Read More
  • Animated (30 sec)

    Introduce and inspire use of the timesheet and project management techniques. You will learn what can be done and be tempted to try it. Read More
  • Interviews (2 - 3 min)

    Interviews about timesheets, project tracking, PTO, and management techniques. Get the general concepts of time and project tracking. Read More
  • Instructional (3 - 6 min)

    Screencast videos with deeper instruction for project management, employee timesheets, PTO, expenses, and client invoicing Read More
  • Short Intros (60 sec)

    Short intros to the basics of time tracking and project management techniques. Learn how employees use the timesheet. Read More
  • Cartoons (60 sec)

    The lighter side of time tracking and project management, in cartoon format. Learn what the makers of Standard Time really think! Read More
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