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There is no such thing as too many profits!

Benchmarking is something that many business owners and professionals have been hearing a lot about these days. The key question that is often heard asked about it is, “Why should I benchmark?” The short answer to that is simple—because there is no such thing as “too many profits”. What can benchmarking do for your business? It could be said that the true and sole aim of benchmarking is to increase your company’s profits. There really is no other reason to engage in such a process. Quite honestly, there is really no other reason for you to even be in business than to make a profit. Given that, it seems to make sense that you should remain focused on how to make as much profit as possible. Benchmarking is one of the best ways that you can achieve this. How does benchmarking increase profits? When looking at how to increase profits, you could look at increasing your pricing but if that puts you out of the game from a competitive standpoint, it may not be a very helpful strat
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The benefits of third-party benchmarking

The need for a business to regularly review its internal processes and systems is important. It is one of the best ways for companies to make changes that can increase efficiencies and ultimately increase profits. Comparing one’s own operations against those of industry-acknowledged best practices provides a great way to benchmark current and potential operations. Internal and external benchmarking Many companies that are interested in benchmarking as a means to identify areas for improvement and growth can be hesitant to utilize outside resources for this. Concerns about out-of-pocket costs, confidentiality of key business information and more all can contribute to the unwillingness to look outside of the business for input. However, there are great advantages to be had when leveraging external assistance for your company’s benchmarking. A third party can bring a fresh view to your business operations and truly allow you to see things in a whole new way. The forest and the trees
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Employee Incentive Programs

Have you ever wondered which employee incentive programs are most effective? Many employee incentive programs are subpar at best, but there are a few out there that work for employees and employers. We have designed an innovative program for employee incentive pay and increased profit for your business. Learn more by contacting us today. http://www.lostprofitassociates.com/ Roger Sander The Profit Finder The post Employee Incentive Programs appeared first on Lost Profit Associates, LLC.
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How your internal processes affect your profits

Business owners can be grouped in many different ways based upon the nature of the topic at hand. When looking at a business’ inner workings, there can be seen two different camps among company operators. The first is a group of people who believe that each component of the business is independent of the other and the second includes people who view each business function and operation as a tightly woven single entity. Distributed operations lead to poor profits Imagine that you own a plumbing company that has 25 employees total. That includes mostly your journeymen plumbers but also two people devoted to sales and marketing, a bookkeeper, one person to manage human resources and one administrative assistant. It is pretty simple to know how much work your plumbers are performing but do you know how much work they could be performing? Even if your business is profitable, that does not mean that it is as profitable as it could be. How efficiently do your different business functions w
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The value of proactivity

If you are a small business owner, your business can be one of the most important components of your life. It is your livelihood, the way that you earn your living and provide for your family. It can be a means of connecting with your local community and can also help provide for the lives of your employees. With all of these things in play, you are no doubt concerned about your business performance and how to maximize your results. How to have a healthy business Your business operations depend upon many factors and each of them relate to the other. Ensuring that all functions can be performed optimally is a vital way to reduce the amount of time or money needed to produce results and can directly impact your bottom line. Benchmarking is one of the best ways to achieve such results. By leveraging technology, benchmarking is able to efficiently hone in on problem areas in your financial and operational systems. It then can identify and help you implement simple changes that can produce
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Schedule an educational workshop for other businesses in your community

Networking remains integral to the success and growth of many small businesses. Schedule an educational workshop for other businesses in your community. Improve your area of business by working together. Exchange referrals, and see how a collaborative approach to business ownership can be highly beneficial. http://www.lostprofitassociates.com/lpa-workshops/ Roger Sander The Profit Finder The post Schedule an educational workshop for other businesses in your community appeared first on Lost Profit Associates, LLC.
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Benchmarketing To Maximize Your ROI

Take the guesswork out of business. After all, you should know where every penny made or borrowed is going. Get the right projections in-house with the right financial statement and benchmarking software. Find ways to improve internal systems and financial practices to maximize ROI. http://www.lostprofitassociates.com/benchmarking-your-business/ Roger Sander The Profit Finder The post Benchmarketing To Maximize Your ROI appeared first on Lost Profit Associates, LLC.
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How to prevent profit loss

All businesses are started with one goal in mind—to make money. A business’ size, location, industry, mode of operation and more can all be extremely unique when compared to another but the purpose is the same as any other. Without profits, a business cannot survive. Certainly every person has known of or heard of a business that had to close due to poor performance in some way. This substantiates the thought that making a profit is truly the ultimate reason for a company’s existence. Understanding that profits are the end goal, the natural question that for any business owner or operator is how to make that profit. The related question is how can profits be increased and maximized? Review and measure When a business is initially developed, systems and processes evolve and are put into place. Even if profits are realized, it is not always clear whether or not the internal workings of the business are as efficient as they could be. The only way to determine this is by effectively
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How Healthy Is Your Business?

Do you really know how well your business is doing? Invest in our Lost Profit Business Benchmarking Financial Statement System to see how your business measures up to major players in the industry. Also, identify areas for improvement in daily and annual business practices. http://www.lostprofitassociates.com/benchmarking-your-business Roger Sander The Profit Finder The post How Healthy Is Your Business? appeared first on Lost Profit Associates, LLC.
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Maximize Your Business Profits

The Lost Profit Business Benchmarking Financial Statement System is considered a tax deduction for many small businesses. In some cases, this software could cost absolutely nothing. Let CPAs and tax attorneys work to maximize deductions for your business during tax season. Let benchmarking software help your business maximize returns the rest of the year. http://www.lostprofitassociates.com/benchmarking-your-business Roger Sander The Profit Finder The post Maximize Your Business Profits appeared first on Lost Profit Associates, LLC.
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Benchmarking software can provide comprehensive reports that help drive ROI

There is a marked difference between CPAs, tax attorneys, and benchmarking software.  CPAs typically handle routine financial operations for businesses. Tax attorneys can find ways to lower your tax liability and stay in compliance with municipal tax ordinances. Only benchmarking software can provide comprehensive reports that help drive ROI. http://www.lostprofitassociates.com/benchmarking-your-business Roger Sander The Profit Finder The post Benchmarking software can provide comprehensive reports that help drive ROI appeared first on Lost Profit Associates, LLC.
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A Small Business Can Benefit From Benchmarking

We will offer one year of free support to ensure that your small business can benefit from our benchmarking and financial statement software. Streamline your financial practices. Compare your business to major players in the industry.  And, invest in software that you can fully utilize in-house. http://www.lostprofitassociates.com/benchmarking-your-business Roger Sander The Profit Finder The post A Small Business Can Benefit From Benchmarking appeared first on Lost Profit Associates, LLC.
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Benchmarketing To Find Lost Profits

We will help your small business save time and money by providing detailed financial statements. Our Advanced Financial Statements product is an Excel spreadsheet tool with benchmarking capabilities built-in. Compare your margins to the most profitable businesses in your industry, and utilize budgeting and forecasting tools to maximize the success of your small business. http://www.lostprofitassociates.com/benchmarking-your-business Roger Sander The Profit Finder The post Benchmarketing To Find Lost Profits appeared first on Lost Profit Associates, LLC.
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The value of business workshops

Continuing education is required for many professionals including doctors, accountants, attorneys and more. In addition, educational opportunities for various other business functions and operations from marketing to management and beyond are also highly popular and effective. However, professional group training does not need to be limited to only these types of functions or to a specific craft but can also be very useful when reviewing your company’s financial data. Confidentiality concerns Worry not—we are not suggesting that your company’s financial documentation should become public knowledge. That is far from what should happen. However, there is a wealth of very helpful information that you can have access to if you are willing to attend some closely monitored group benchmarking sessions. The best benchmarking workshops always ensure a high level of confidentiality for sensitive business information. Even with this, your key data can be extracted and used as an example th
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The business benefits of benchmarking

Benchmarking your business financial systems and processes is one of the most efficient and effective ways to locate areas for improvement and determine methods for doing so. But simply finding problems and fixing them are not reasons in and of themselves that you should utilize the process of benchmarking. There are several performance benefits that your business can receive that make the need for benchmarking truly critical. Understanding the potential that awaits your company can make it much easier to gain the consensus you need internally to conduct your own benchmarking. The benefits that can be achieved when a business leverages the power of benchmarking include: Increased internal efficiency Benchmarking will quickly identify ways that your internal systems or processes can be altered to work more effectively, ultimately increasing overall efficiency with no increase in overhead. Time savings Time is money and when you can find ways to reduce the amount of time needed to perfo
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No business is too small for benchmarking

No matter what type or size of business you are in, you are likely familiar with various ways of assessing your company’s performance. You may even likely be fully aware of the potential benefits and reasons for doing so. However, many small business owners—especially sole proprietors and individual operators—often believe that such processes are for big business only.  Not only is such thinking incorrect but the opposite is actually closer to the truth. Benchmarking is ideal for small business Large companies by nature have built-in checks and balances systems. They more frequently have the opportunity to peer into the inner workings of their processes and can hone them. That does not mean that they cannot benefit from benchmarking but the fact that they have some level of inherent benchmarking already in place, they may not be as in need of it as a small operation. Small businesses can and must operate in a more streamlined fashion and with less overhead. This can also transl
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We Can Be Your HR Manager

We will provide the right measures to help you find the right employees for your business. As an entrepreneur, it is important to spend your time doing what you do best. Instead of trying to learn how to be an HR manager ASAP, let us help you. http://www.lostprofitassociates.com/ Roger Sander The Profit Finder The post We Can Be Your HR Manager appeared first on Lost Profit Associates, LLC.
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Get the right benchmarking and financial analytic software

Get the right benchmarking and financial analytic software in addition to 12 months of free support to bring your business to the next tier. Find creative ways to improve your business. Let top software generate benchmarking reports and financial statements in minutes. Run your business instead of acting as a pro se statistical analyst. http://www.lostprofitassociates.com/benchmarking-your-business Roger Sander The Profit Finder The post Get the right benchmarking and financial analytic software appeared first on Lost Profit Associates, LLC.
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How to prevent profit loss

All businesses are started with one goal in mind—to make money. A business’ size, location, industry, mode of operation and more can all be extremely unique when compared to another but the purpose is the same as any other. Without profits, a business cannot survive. Certainly every person has known of or heard of a business that had to close due to poor performance in some way. This substantiates the thought that making a profit is truly the ultimate reason for a company’s existence. Understanding that profits are the end goal, the natural question that for any business owner or operator is how to make that profit. The related question is how can profits be increased and maximized? Review and measure When a business is initially developed, systems and processes evolve and are put into place. Even if profits are realized, it is not always clear whether or not the internal workings of the business are as efficient as they could be. The only way to determine this is by effectively
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What is business benchmarking?

Most people understand that the basic term “benchmarking” refers to measuring something against an identified and accepted standard or ideal. In the business world, benchmarking can be performed in a variety of situations but for our purposes, business benchmarking is done specifically with an eye on your company’s efficiency and ultimate results—your profits. There are numerous factors that contribute to the success or lack thereof that your company sees from its efforts. Some of the time, you may be aware of areas for improvement but other times, you may not. Business seems to be “just fine” so you continue with your existing processes and tools. Business benchmarking helps you find ways to increase your profits by improving your overall efficiency. By comparing your key financial processes, procedures and tools against top industry benchmarks, you can easily identify areas for improvement. This can give you dramatic advantages over your competitors and allow you to not
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Benchmarking is easier than you think

If you are a business owner, you may have heard about benchmarking. Simply put, benchmarking is a way of analyzing your key business processes so as to find and implement ways to make them more efficient so that you can increase your net profits. While this may sound great in theory, many business owners or operators can be cautious about embarking on such a journey for fear that it will be overly invasive, expensive and time consuming to the business. Two important facts about benchmarking The first thing that you should know about benchmarking is that it is a far simpler process—and less expensive—than most people would ever imagine. The second thing that you should know about benchmarking is that it can literally transform your business. When you put those two things together, it is hard to see any good reason to resist benchmarking. How long does it take? The most effective benchmarking processes can be performed in a matter of hours. Yes, that is right—hours, not days or we
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Benchmarking Workshops

Schedule an educational workshop for the small business owners in your niche industry or community. Learn how to get necessary support for your businesses while you spend your time doing what you do best. Turn your business concept into a profitable reality with the right help. http://www.lostprofitassociates.com/lpa-workshops Roger Sander The Profit Finder The post Benchmarking Workshops appeared first on Lost Profit Associates, LLC.
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Learn how to crush your direct competition

Learn how to crush your direct competition. Use analytic software to find out how you can run a better business than the person down the street. And, use your entrepreneurial passion to execute better business practices. Improve profits by dominating a niche market. http://www.lostprofitassociates.com Roger Sander The Profit Finder The post Learn how to crush your direct competition appeared first on Lost Profit Associates, LLC.
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Streamline your financial practices

We will offer one year of free support to ensure that your small business can benefit from our benchmarking and financial statement software. Streamline your financial practices. Compare your business to major players in the industry. And, invest in software that you can fully utilize in-house. http://www.lostprofitassociates.com/benchmarking-your-business Roger Sander The Profit Finder The post Streamline your financial practices appeared first on Lost Profit Associates, LLC.
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Lost Profit Associates Business Loans | Profit Accounting Tool | http://www.LostProfitAssociates.com

Lost Profit Associates Maximize Profits with Inexpensive, Non-web based Accounting Tool Business Loans Cash in 10 Days! http://www.LostProfitAssociates.com

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