How to use it.

Overview

This calculator helps you estimate the potential benefits of automating tasks in your business. It shows how much time and money you can save, and how much additional revenue you might generate by redirecting saved time to productive activities.

How to Use the Calculator

1. Hours automated per week:
   Enter the number of hours you expect to save through automation each week.
   For example: automating social media post creation and publishing, could save you 5 hours a week.
2. Current hourly rate (£):
   Input your hourly rate (what you need to pay yourself) or the average rate of employees or outsourced resource affected by the automation.
3. How will you utilize the saved time?:
   Choose one of the following options:

• Billable client work – Work you or your staff can bill for.
• Business development – (click for full explanation)
• Process improvement – (click for full explanation)

1. Additional information:
   Based on your selection in step 3, you’ll be asked to provide one of the following:

• Hourly rate for billable work (£)
• Weekly value of business development (£)
• Weekly value of process improvements (£)

1. Click the “Calculate Now” button to see your results.

Understanding the Results

The calculator will display your potential savings and earnings in three time frames:

• Weekly
• Monthly
• Annual

For each time frame, you’ll see:

• Cost Savings: The money saved by automating tasks
• Additional Earnings: Extra revenue generated from utilizing the saved time
• Total Benefit: The sum of Cost Savings and Additional Earnings

Tips for Accurate Estimates

• Be conservative in your estimates to get realistic results.
• Consider all aspects of a task when estimating time saved through automation.
• When valuing business development or process improvement time, think about the long-term benefits and potential revenue increases.

Interpreting the Results

Use these results to:

• Justify investments in automation tools or processes
• Identify high-impact areas for automation in your business
• Plan how to best utilize time saved through automation

Remember, these are estimates based on your inputs. Actual results may vary depending on successful implementation and utilisation of saved time.

For any additional questions or support, please contact our team at contact@sg6.co.uk

What is Business Development and Process Improvements?

Business Development:

Business development refers to the activities, ideas, and initiatives that aim to improve a business’s overall performance and growth. It involves creating long-term value for an organization by identifying and developing new business opportunities, markets, partnerships, and customer relationships. Some examples of business development activities include:

1. Networking and building relationships with potential clients or partners
2. Researching and analyzing market trends and opportunities
3. Developing and implementing growth strategies
4. Attending industry events and conferences
5. Creating and delivering sales presentations or pitches
6. Negotiating deals and contracts
7. Identifying and pursuing new market segments

In the context of our calculator, time spent on business development could lead to new clients, increased sales, or expanded market reach, all of which can contribute to increased revenue.

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Process Improvement:

Process improvement, also known as business process improvement or continuous improvement, is the practice of identifying, analyzing, and improving existing business processes to optimize performance, meet best practice standards, or simply improve quality and the user experience for customers and end-users. Process improvement can lead to:

1. Increased efficiency and productivity
2. Cost reduction
3. Improved product or service quality
4. Enhanced customer satisfaction
5. Better employee engagement and satisfaction
6. Increased compliance with regulations
7. Reduced waste and resource utilization

Some examples of process improvement activities include:

1. Mapping and analyzing current processes to identify bottlenecks or inefficiencies
2. Implementing new technologies or software to streamline operations
3. Redesigning workflows to eliminate unnecessary steps
4. Providing training to employees on more efficient methods
5. Establishing key performance indicators (KPIs) to measure and track improvements
6. Conducting regular reviews and audits of processes
7. Encouraging and implementing employee suggestions for improvements

In the context of our calculator, time spent on process improvement could lead to long-term cost savings, increased productivity, and potentially higher quality products or services, which could indirectly lead to increased revenue through improved customer satisfaction and retention.

Both business development and process improvement are strategic activities that can have significant long-term benefits for a company. The value of time spent on these activities can be harder to quantify immediately compared to billable work, but they are crucial for sustainable growth and competitiveness.

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