News from the Safety Equipment Distributors Association
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February 2005 return to the newsletter contents page Deadline for 2005 SEDA/SMG PROFIT Survey March 31 |
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One of the most important benefits SEDA distributor members enjoy is the annual PROFIT Report. Conducted by Dr. Al Bates and the team at Profit Planning Group, the PROFIT Report is the best source for financial benchmarking information in the industry. The information in the report – on gross margin, operating expenses, average collection period and the like – is arranged to provide direct comparisons with your firm. However, the information is available only to those firms that participate in the study. In return for your participation, you'll receive: |
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The PROFIT Report – A financial and operating profile of the entire industry.
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Profit Improvement Profile – A confidential report sent directly to you comparing your firm with similar businesses.
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Profit Toolkit Online – A Microsoft® Excel-based tutorial which is designed to assist your financial planning. Access is included with the Profit Improvement Profile.
The detailed industry benchmarking information in the PROFIT Report and in your Profit Improvement Profile is available to free of charge. It is a great bargain.
Be assured that your proprietary company data is kept strictly confidential. The information is aggregated with the other respondents and analyzed in terms of sales size, line of business, and the like. Only the employees of Profit Planning Group ever see your individual data. In over 20 years of conducting such surveys, they have an unblemished record of maintaining confidentiality.
This year, SEDA has partnered with the Safety Marketing Group (SMG) to permit SMG members to participate in the survey. This will increase total participation, making the aggregate results even more valuable to you. If you are a SEDA member and a member of SMG, you only need to complete one survey form.
If you need to know more about this program and its benefits to your firm, call Steve King, Executive Director, 443-640-1065 x101. Attached is a copy of the questionnaire for the SEDA/SMG PROFIT Survey. Do not delay in filling it out, the deadline for responses is March 31, 2005.
© 2005 Safety Equipment Distributors Association
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The SEDA PROFIT Report helps member distributors benchmark their financial performance against industry averages. Participating firms receive an individual critique of their operation which lays out a specific plan for improving company financial results.
The deadline to participate in the next survey is March 31.