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The Benefits of Using Time Tracking Tools for Small Businesses

The Benefits of Using Time Tracking Tools for Small Businesses

Whether you are the only person in your small business, or you have employees, you still need to know how to track the time spent on various projects. You might be surprised to learn just how much money a business can lose, just because too much time is wasted on one thing or another. When you are using a time tracking tool, you get to see just how much time is needlessly spent in certain areas, and which areas need more time and energy. Let’s take a look at the benefits of using time tracking tools.

Help with Estimating Time

In most cases, we are not very good at estimating time. We give ourselves too much credit by thinking that we can do things a lot faster than we really can. On the other hand, we don’t give ourselves enough credit because we often think that a job will take a lot longer than it actually does. When you are using a time tracking tool, you will know how much time it takes to do various tasks, and you will be able to schedule yourself and your employees appropriately.

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Most humans are not able to estimate time properly. It is easy to trick ourselves into thinking that we have too much or too little time. That is often why enjoyable events seem to end quickly, while boring events seem to go on and on forever. So, we often end up wasting a lot of time, because we are not able to properly estimate time. A time tracking tool keeps you from having to worry about over or under-estimating time, and the ability of you or your employees to get things done in a certain period of time.

Track in Real Time

Tracking hours alone isn’t going to increase your profitability. You need to be able to track in real time, so you know exactly what is going on. Time Doctor is a tool that lets you do this, and by doing so, you can save a lot more money than if you are just tracking time manually. For example, companies that track time manually can save up to $3,500 annually. But, companies that use an actual tracking tool can save over $15,000 each year.

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Save Money

When you lose time, for any reason, you lose money. Studies show that combined, our economy loses as much as $7.4 billion each day, just because of wasted time in the workplace. Time tracking tools will help you to improve estimates and be able to plan better, analyze your profitability, and optimize your processes and staffing. You might be surprised to learn that annually, you can save more than $10,000 per team, just by using a time tracking tool.

What can you do with the money you save? Anything you like! You can use it to start a new business, because if you are successful with one, you are likely to be successful with other ventures. Or, you can use it to take a trip, buy a new home or a car, or anything else that your heart desires.

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To sum things up, what you need to do is spend your time working, and not worrying about tracking time manually. If you haven’t taken the time to do so, take a look at just how much time you are wasting by manually tracking everything. You can save so much time, and money, by using a good tracking tool. It won’t be long before you start seeing a huge increase in your profits, and you will wonder how you ever did business without such a great tool at your disposal.

Featured photo credit: Lauren Goode via allthingsd.com

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Jane Hurst

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Last Updated on July 15, 2019

41 Beautiful Pictures That Show What True Love Is All About

41 Beautiful Pictures That Show What True Love Is All About

Some things in life are hard to describe, yet we can recognize them when we see them.

Love is one of those things.

True love comes in many different forms, but here are some that many of us know well.

True love means supporting those who can’t support themselves

supportive couple

    A young man comforts his date in Times Square, New York City. Image by mbtrama

    strong hug

      A young man holds his significant other close to him. Image by Brad Fults

      running help

        A young track competitor helps one of her injured opponents over the finish line. Image from ViralNova.com

        feeding kitten

          A soldier in the Korean War takes time to feed a baby kitten. Image from US Naval Insititute

          It’s having the perfect selfie partner

          mom and daughter selfie

            A mother and her daughter take a selfie together. Image by Andrew Fysh

            girlfriends

              Two young girls pose for the camera. Image by Rolands Lakis

              selfies

                A happy couple takes a picture together. Image by Kayla Heineman

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                selfie

                  Two best friends take a selfie together. Image by Jason Wahido

                  dude selfie

                    Friends take a selfie together. Image by Glenn Scofield Williams

                    It’s all the warm fuzzies

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                      A young man spends time with his dog on a beach. Image by Magdalena Roeseler

                      DSC06952

                        A pet owner hugs his dog while on a day trip in San Francisco. Image by Taro the Shiba Inu

                        It means having a friend to photobomb you

                        photobomb

                          A boy makes a funny face as he poses for a picture with his brother. Image by Michael Bentley

                          old man photobomb

                            A man photobombs his wife while their grandson snaps a picture. Image by Frank

                            family photobomb

                              Family members photobomb their relatives’ Thanksgiving day family photo. Image by Beth Scupham

                              boyfriend photobomb

                                A friend photobombs the photographer and their friend, the woman in the foreground of this photo. Image by Lachlan Hardy

                                True love means being there even when life gets unbearably hard

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                                shoulder to cry on

                                  A family watches the Vermont National Guard depart for Afghanistan. Image by The U.S. Army

                                  flood dog

                                    During a monsoon in the Philippines, a boy carries his dog to safety. Image by Romeo Ranoco

                                    A woman is rescued from flood waters by a resident standing on top of her car during heavy rain in Chalandri suburb north of Athens

                                      A man helps a woman out of her vehicle during a flood in Chalandri, Greece. Image by John Kolesidis

                                      lunch

                                        A woman has lunch with her husband every day, even after he’s passed away. Image from ViralNova.com

                                        hug

                                          A woman hugs the mother of 6-year-old Noah Ponzer, who was one of the victims of the Sandy Hook shootings. Image by Spencer Platt

                                          rubble

                                            An Oklahoma couple pauses while trying to salvage belongings from a family member’s home after a tornado. Image by Adrees Latif

                                            sister and brother

                                              A girl puts her arm around her little brother as they wait outside of Sandy Hook Elementary after gunshots are fired. Image by Reuters.

                                              headstone

                                                A woman sits at her husband’s grave the day before their wedding anniversary. Image from NBC news

                                                It means taking the time for long goodbyes

                                                110321-N-BT887-100

                                                  A man says goodbye to his son before deploying. Image by Official U.S. Navy Page

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                                                  national guard goodbye

                                                    A South Carolina man says goodbye to his son before deploying for Afghanistan. Image by The National Guard

                                                    saying goodbye

                                                      A Sergeant hugs both of his sons before being deployed to Afghanistan. Image by The National Guard

                                                      And cherishing reunions

                                                      husband home

                                                        A woman hugs her husband as she sees him for the first time since his deployment to Iraq. Image by The U.S. Army

                                                        boyfriend home

                                                          A young  woman hugs her significant other as he returns home for Kuwait. Image by The National Guard

                                                          mother hug

                                                            A mother drops to her knees as she hugs her son on her return home from the Persian Gulf. Image by The National Guard

                                                            True love is letting yourself feel young when they’re around

                                                            elderly women

                                                              Two friends on their smartphones. Image by Robert Neff

                                                              feeling young

                                                                A young couple getting their picture taken. Image by db Photograph

                                                                sprinkler dad

                                                                  A father plays in a sprinkler with his daughter at Millennium Park in Chicago. Image by Ben Forsberg

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                                                                  subway couple

                                                                    A young couple on a subway enjoys sharing time together, while the girlfriend’s father sneaks a photo of them. Image by Gareth Williams

                                                                    wheelchairs

                                                                      A couple holds hands on a fall day. Image by David Amsler

                                                                      It’s letting yourself be silly… just because they’ll enjoy it

                                                                      silly faces

                                                                        A grandfather makes faces at the camera with his granddaughters. Image by Tim Pierce

                                                                        vote for pedro

                                                                          A woman’s father wears a Napoleon Dynamite t-shirt to make his daughter laugh. Image by emdot

                                                                          True love is allowing yourself to show how you really feel

                                                                          date night

                                                                            A young couple kisses in the back of a restaurant in Washington, D.C. Image by Derek Key

                                                                            playing violin

                                                                              Violinist Nancy Dinovo plays at a memorial service for the victims of 9/11. Image by Christopher Morris

                                                                              True love is timeless

                                                                              old friends

                                                                                Friends spending some time together. Image by Cristian Bortes

                                                                                sitting around a fire

                                                                                  A group of friends sits around a campfire eating. Image by New Old Stock

                                                                                  elderly couple

                                                                                    An elderly couple walks down a street together. Image by Matteo Paciotti

                                                                                    Featured photo credit: Matteo Paciotti via flickr.com

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