yeah, an hour should be more than enough time. And like feek said it sometimes helps if you start to sand before it is totally set.
I usually use a pea sized glob of hardener for every golf ball sized glob of bondo. A few minutes after i apply it it starts to get hard, still a little plastic-like and a little flexible, at that point i usually use a rasp to help work it into a basic shape. Then once it isn't as gummy i'll knock it down with some 60-80 grit sand paper, then when it is pretty much set i'll go to 120-150 grit, then 220 (or higher depending on the application)........it just takes practice, but it is usually pretty forgiving.
The only thing to watch for is to make sure you mix the hardener in completely...if there are any streaks of unmixed material it will stay sticky forever.
you can also mix bondo with polyester resin to make "bondoresin" (technically bondo is just polyester resin with talc mixed in) bondoresin is a soupier waterier consistancy, I usually use it when i'm in the final stages of refining a form that has to be very smooth and even (after i've done regular bondo work)
bondoresin also makes a good gelcoat/detail layer for fiberglass molds (though it does shrink slightly) and it will set against moist surfaces (like water-based clay) that regular polyester resin won't set against
good luck!
have fun!