Take away timesheets, and most agency executives will proclaim the end of the world.  But back when agencies were earning average profit margins of 30%, there were no agency timesheets.  Talk about cognitive dissonance.

Answer this simple question: What is the value of three hours of your time spent on a client’s business? You can probably tell me what the cost of your time is (salary plus overhead), but assigning a value to the time is a much more subjective question.