As a business owner in this industry, planning is critical for success. But in order to have an actionable strategic plan for your business, you need to know at least three things: where you are, where you want to be, and what's standing in your way.
The 2015 CEDIA Benchmarking Survey found less than half of home technology companies had a current written business plan or strategic plan. Believe us, we get it — your time is stretched thin, and it's hard to assess where your business stands and what you need to do to clear a path for growth.
That is why CEDIA has made it easy for members to get a customized Profit Action Plan
; if you’ve filed your taxes, you’re already a good chunk of the way toward being able to get yours! Step 1:
Gather your tax documents: balance sheets and income statements. Step 2:
Answer a handful of operations questions.
Submit your tax documents and the completed questions to CEDIA’s confidential project vendor, Profit Planning Group. (CEDIA will never have access to your company information.)
Wait for your results.
Your 25-page Profit Action Plan will include a report outlining how your company compares to companies of similar size, the industry median, and the most profitable companies. Each company’s plan also includes detailed perspectives and suggestions on a variety of key business pain points such as inventory management, controlling expenses, and of course generating revenue.
Finally, participants also have access to the Profit Tool Kit, an online worksheet that helps home tech pros easily test and plan improvements to increase their firm's profitability.
What are you waiting for? Similar reports would cost you more than $2,500, and as a CEDIA member you can get this report for free! Start the submission process at www.cedia.net/profit-plan
Olivia Sellke is CEDIA's Communications Manager. She can be reached at firstname.lastname@example.org