If you own a product-based business, it's important to account for all of the hours that you put into creating your product from start to finish to ensure that you're getting paid appropriately for your time and making profits.
In order to do this, you should be tracking the time it takes you to complete each item of your inventory (whether you're making one or a bunch at a time).
By tracking the time spent into each product, it'll help you price your products, as well as determine any inefficiencies in production, and even if a single product is costing you more in time than you are making in return (ROI 😉). Which in turn, will help you figure out where to better spend your time!
This product tracker is a Google Sheets template that is easily customizable for any product industry. It even comes with an instructional video on how you can set it up and use it in your own business.
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Product Pricing Estimator
- Instructional Video
- Customizable Google Sheet Template