Running a successful consultancy takes more than just finding the right clients and delivering great work. It also requires effective time management so you can stay on top of deadlines, budget your time properly, and avoid burnout.
Everything you do as a consultant hinges on your ability to manage your time well, which is why having a great time-tracking tool is essential.
There are a lot of great time-tracking tools out there, but we believe that Bonsai reigns supreme when it comes to freelance consultants.
In this blog post, we'll explain why Bonsai is the best time tracker for consultants and how it can help you manage your time more effectively.
Note: If you are a consultant who wants to use the best time tracker on the market, try Bonsai. Bonsai allows you to track time anywhere online and bill accordingly. See for yourself how easy our software is. Claim your 14-day free trial here.
Too often, time tracking tools are designed with traditional employees in mind, and they don't take into account the needs of freelancers. By purchasing any app you find on the internet, you run the risk of overpaying for features you don't need, or worse, not having access to features that are essential for your work.
Challenges such as working from home, having a flexible schedule, and managing multiple clients can it difficult to track time as a freelance consultant.
And this is where Bonsai shines. The platform's features are tailored to the unique needs of freelancers, making it the perfect time-tracking tool for anyone who works independently.
For instance, the client portal allows you to keep track of all your clients in one place, so you can see exactly how much time you're spending on each project. It allows you to set up different billable rates for each client, so you can make sure you're always getting paid what you're worth.
If you're planning to onboard new clients, you can easily add them to the portal and start tracking your projects right away.
Ask any consultant and they'll tell you that one of the most challenging aspects of their work is staying on top of deadlines. With so many projects to juggle, it's easy to lose track of time and end up missing a deadline. This is where Bonsai's Insights feature comes in handy.
The platform's Insights feature provides you with useful data about your time tracking habits, so you can identify any areas where you need to improve. For instance, the feature can show you how much time you're spending on each project, how many hours you're working per week, and whether or not you're sticking to your budget.
This information can be extremely valuable in helping you make adjustments to your workflow and ensuring that you're always meeting your deadlines.
And not only that, but the Insights feature can also help you improve your time management skills, so you can work more efficiently and get more done in less time.
For instance, if you notice that you're working more hours than you'd like, you can use the Insights feature to find ways to cut down on your work time. Perhaps you can spend less time on each project, or delegate some of your tasks to other team members. Either way, the Insights feature will give you the data you need to make informed decisions about how to improve your workflow.
Note: If you would like detailed breakdowns of what you are spending your time on, try Bonsai. Our time tracking insights will give you all of the info you need to bill hours and manage your time more effectively. Claim your 14-day free trial here.
If time tracking feels like a chore, it's probably because you're using the wrong tool. Bonsai is designed to make time tracking as effortless as possible. With Bonsai, you can automate your workflow and eliminate all the manual steps that take up your time.
You can set up custom actions that Bonsai will perform on your behalf. Anything from sending welcome emails to clients, to creating invoices, to generating reports can be automated with Bonsai. This way, you can focus on your work and leave the tedious tasks to Bonsai.
Working with consultancy clients usually means having to deal with invoices. And if you're not using the right tools, invoicing can be a time-consuming and frustrating process.
With Bonsai, you can create and send professional invoices in just a few clicks. For busy consultants, this means no more dealing with paper invoices or using clunky accounting software.
The platform's customizable invoices allow you to include all the relevant information that your client needs, such as the project name, your billable rate, the number of work hours, and a breakdown of expenses.
The platform makes it easy to track payments, so you can see who owes you money and when they're due. You can also set up automatic payments so you don't have to chase after clients for payment. And if you ever need to issue a refund, Bonsai makes it easy to do so with just a few clicks on the desktop app or mobile app.
You can also automate your invoicing so that you don't have to send out invoices manually every month. This way, you can save even more time and bill clients faster.
Note: If you are looking for a software t automatically record and organize invoices, try our consultant billing software today. Our software has templates you could use, automatically send payment reminders and partial payment requests. Claim your 14-day free trial here.
Time tracking is just a small part of what Bonsai can do for you. The platform's features are designed to save you time in every aspect of your work.
For instance, the contract management tool allows you to create, sign, and manage contracts electronically, so you don't have to waste time printing out documents and mailing them back and forth.
You also get access to hundreds of proposal and contract templates that you can use to win new clients and get started on client projects quickly. You can efficiently onboard new clients without having to start from scratch every time.
The project management tool for consultants gives you a bird's eye view of all your ongoing projects, so you can see what's due when, how much progress has been made, and calculate project profitability. This way, you can easily identify any potential bottlenecks and take action to prevent them.
Bonsai also integrates with a wide range of third-party apps and services, so you can manage all your work from one central location. The platform's Zapier integration allows you to connect Bonsai with over 1,000 apps, so you can automate your workflows and save even more time.
For instance, you can connect Bonsai to your email account and get real-time notifications whenever a client sends you a message. You can also connect Bonsai to your calendar, so you can see your upcoming appointments and deadlines in one place.
You can also connect Bonsai to your consulting accounting software, so you can automatically sync your invoices and payments. This way, you can avoid the hassle of having to enter data manually.
There's no need to keep track of different time-tracking apps or juggle different invoicing and accounting software. Bonsai does it all for you, so you can focus on your work and grow your consultancy business.
Bonsai is an all-in-one solution for freelancers, and that's why it's the best time tracking software for consultants. The platform's features are designed to save you time and help you focus on your passion, not your paperwork.
And if you're still not convinced that Bonsai is the right time tracking tool for you, we have good news: Bonsai offers a free trial so you can test out the features for yourself.
The free trial includes most of the features we've mentioned in this blog post, so you can see firsthand how Bonsai can help you manage your time more effectively.
To sign up for the free trial, all you need to do is create an account and you'll be able to access the platform and start tracking your time right away. Sign up today.
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A verbal contract (formally called an oral contract) refers to an agreement between two parties that's made —you guessed it— verbally.
Formal contracts, like those between an employee and an employer, are typically written down. However, some professional transactions take place based on verbally agreed terms.
Freelancers are a good example of this. Often, freelancers will take on projects having agreed on the terms and payment via the phone, or an email. Unfortunately, sometimes clients don't pull through on their agreements, and hardworking freelancers can find themselves out of pocket and wondering whether a legal battle is worth all the hassle.
The main differences between written and oral contracts are that the former is signed and documented, whereas the latter is solely attributed to verbal communication.
Verbal contracts are a bit of a gray area for most people unfamiliar with contract law —which is most of us, right?— due to the fact that there's no physical evidence to support the claims made by the implemented parties.
For any contract (written or verbal) to be binding, there are four major elements which need to be in place. The crucial elements of a contract are as follows:
Therefore, an oral agreement has legal validity if all of these elements are present. However, verbal contracts can be difficult to enforce in a court of law. In the next section, we take a look at how oral agreements hold up in court.
Most business professionals are wary of entering into contracts orally because they can difficult to enforce in the face of the law.
If an oral contract is brought in front of a court of law, there is increased risk of one party (or both!) lying about the initial terms of the agreement. This is problematic for the court, as there's no unbiased way to conclude the case; often, this will result in the case being disregarded. Moreover, it can be difficult to outline contract defects if it's not in writing.
That being said, there are plenty of situations where enforceable contracts do not need to be written or spoken, they're simply implied. For instance, when you buy milk from a store, you give something in exchange for something else and enter into an implied contract, in this case - money is exchanged for goods.
There are some types of contracts which must be in writing.
The Statute of Frauds is a legal statute which states that certain kinds of contracts must be executed in writing and signed by the parties involved. The Statute of Frauds has been adopted in almost all U.S states, and requires a written contract for the following purposes:
Typically, a court of law won't enforce an oral agreement in any of these circumstances under the statute. Instead, a written document is required to make the contract enforceable.
Contract law is generally doesn't favor contracts agreed upon verbally. A verbal agreement is difficult to prove, and can be used by those intent on committing fraud. For that reason, it's always best to put any agreements in writing and ensure all parties have fully understood and consented to signing.
Verbal agreements can be proven with actions in the absence of physical documentation. Any oral promise to provide the sale of goods or perform a service that you agreed to counts as a valid contract. So, when facing a court of law, what evidence can you provide to enforce a verbal agreement?
Unfortunately, without solid proof, it may be difficult to convince a court of the legality of an oral contract. Without witnesses to testify to the oral agreement taking place or other forms of evidence, oral contracts won't stand up in court. Instead, it becomes a matter of "he-said-she-said" - which legal professionals definitely don't have time for!
If you were to enter into a verbal contract, it's recommended to follow up with an email or a letter confirming the offer, the terms of the agreement , and payment conditions. The more you can document the elements of a contract, the better your chances of legally enforcing a oral contract.
Another option is to make a recording of the conversation where the agreement is verbalized. This can be used to support your claims in the absence of a written agreement. However, it's always best to gain the permission of the other involved parties before hitting record.
Fundamentally, most verbal agreements are legally valid as long as they meet all the requirements for a contract. However, if you were to go to court over one party not fulfilling the terms of the contract, proving that the interaction took place can be extremely taxing.
So, ultimately, the question is: written or verbal agreements?
Any good lawyer, contract law firm, or legal professional would advise you to make sure you formalize any professional agreement with a written agreement. Written contracts provide a secure testament to the conditions that were agreed and signed by the two parties involved. If it comes to it, a physical contract is much easier to eviden in legal circumstances.
Freelancers, in particular, should be aware of the extra security that digital contracts may provide. Many people choose to stick to executing contracts verbally because they're not sure how to write a contract, or they think writing out the contract terms is too complicated or requires expensive legal advice. However, this is no longer the case.
Today, we have a world of resources available at our fingertips. The internet is a treasure trove of invaluable information, platforms, and software that simplifies our lives. Creating, signing, and sending contracts has never been easier. What's more, you don't have to rely on a hiring a lawyer to explain all that legal jargon anymore.
There are plenty of tools available online for freelancers to use for guidance when drafting digital contracts. Tools like Bonsai provide a range of customizable, vetted contract templates for all kinds of freelance professionals. No matter what industry you're operating in, Bonsai has a professional template to offer.
A written contract makes the agreement much easier to prove the terms of the agreement in case something were to go awry. The two parties involved can rest assured that they're legal rights are protected, and the terms of the contract are sufficiently documented. Plus, it provides both parties with peace of mind to focus on the tasks at hand.
Bonsai's product suite for freelancers allows users to make contracts from scratch, or using professional templates, and sign them using an online signature maker.
With Bonsai, you can streamline and automate all of the boring back-office tasks that come with being a freelancer. From creating proposals that clients can't say no to, to sealing the deal with a professional contract - Bonsai will revolutionize the way you do business as a freelancer.
Why not secure your business today and sign up for a free trial?