131. Part 2: Let's Talk About Profit Strategies, Time is Money, Literally

Send us Fan MailWelcome back to The Business of Beautiful Spaces! This is Part 2 of our special four-part series on building a profitable interior design business with Laura Thornton.In this episode, Laura shares why tracking your time is one of the smartest—yet most underused—profit strategies for designers. From eye-opening stories about flat fees gone sideways to actionable tips on building better habits, Laura breaks down how understanding where your time really goes can transform both your business and your sanity.What You’ll Learn:Why flat fees without time tracking are a hidden danger for your profitThe real reason time tracking isn’t “micromanagement”—it’s smart business intelligenceHow to spot inefficiencies and bottlenecks (and fix them for good)The tools and habits Laura uses for herself and her team (no fancy tech required!)Why increased efficiency should increase your profit—not lower your feesHow to make time tracking a regular, stress-free part of your businessKey Takeaways:Don’t let “invisible” hours eat away at your flat fees—measure what matters!Time tracking helps you quote confidently, spot patterns, and work smarter.The reward for efficiency is higher profit, not lower pricing.Reviewing your tracked time regularly is the secret to less stress and more money.Ready for the next episode in the series?Listen to Part 1 - Know your numbers. The Foundation of ProfitabilityListen to Part 3 - Efficiency gains, they belong to youListen to Part 4 - Follow the Profits, not all projects are sexyIf you loved this series and are ready to master the art of pricing your design services, I've created the thing just for you! The Profit Academy for Interior Designers. This course is your ultimate guide to mastering the financial side of your design business. You’ll gain the clarity, tools, and confidence to price your projects for maximum profit, build client trust, and create the thriving business you’ve always dreamed of.Learn more →Step-by-step guides, AI Chat GPT Made Simple and Claude Made Simple, start at the very beginning and then walk you through building your own role-based AI assistants, complete with prompts, checklists, and plug-and-play workflows you can implement immediately. Get both guides (and more designer resources) here: https://thebusinessofbeautifulspaces.com/designer-resourcesBe sure to follow along on Instagram @thebusinessofbeautifulspaces + @thorntondesign to stay up to date on what we're talking about next week. If you love our podcast, please, please, please leave us a review. If you have any questions or topic ideas OR you wish to be a guest email us [email protected] or find us on instagram @thebusinessofbeautifulspacesLaura Thornton is the  principle designer of Thornton Design Inc, located in Kleinburg, ON.  Since founding the company in 1999, Laura has been committed to creating a new kind of interior design experience for her clients. Thornton Design is an experienced team of creative talents, focused on curating beautiful residential and commercial spaces in the Toronto, Ontario area and beyond. Now sharing all the years of experience with other interior designers to create a world of collaboration and less competition. The Business of Beautiful Spaces  I @thebusinessofbeautifulspacesThornton Design                                      I @thorntondesign