Thoughtful planning will be the key to making flat-fee billing, or any other billing method, viable and successful. And no matter how you change your billing practices, timekeeping will play a critical role. Yes, clients can perceive the value of flat-fee billing, but you must continue to track how much time it takes to do things. Your timekeeping data will become a powerful planning tool—and you will get better at estimating what fee you need to charge to cover your investment and make a profit. Here are five things to consider when making the shift to flat-fee billing.Originally published May 24, 2011
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