Get a pulse check on how your business operations compare to your peers and competitors — as well as a custom road map to greater profitability — through the CEDIA Profit Action Plan
This tool, available to CEDIA members only, provides business owners with a customized report outlining how their company compares to companies of similar size, the industry median, and the most profitable companies. Areas of comparison include:
- Strategic and Business Planning
- Financial Management
- Project Management
- Marketing and Sales
The output is a personalized 25-page document that includes detailed perspectives and suggestions on a variety of key business pain points, such as inventory management, controlling expenses, and generating revenue. Similar reports would cost companies more than $2,500, but the Profit Action Plan is available to CEDIA members free of charge.
Participants also receive 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.
The Profit Action Plan survey can be completed in as little as 30 minutes. Participants complete a short questionnaire and submit their balance sheets and income statements to Profit Planning Group, CEDIA's trusted vendor. Profit Planning Group keeps all submissions absolutely secure and confidential, ensuring that CEDIA staff and leadership will never have access to individual company information at any time.
CEDIA members may start submitting their materials for their customized Profit Action Plan today. Learn more at cedia.net/profit-plan