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Measuring profitability through value pricing

almost 7 years ago from , Product Designer at Treehouse

How do you or your company measure profitability without keeping time sheets? Our company is moving toward value pricing but we are still tracking time in HArvest and it's still a pain point where our owner looks at time spent and if hours aren't tracked he can't wrap his head around how profitable we are. I get that he's right to some extent but I'm wondering if there's a better way that the way we've always done it?

Thoughts?