The Benefits of Joining PROFITgroups
Benefits include:
- Proven results. Members routinely achieve double-digit bottom-line profitability. Your results are guaranteed or your membership fee is refunded.
- Backed by PROFITsystems, Inc., the largest solutions provider
to the home goods industry since 1978.
Furniture retailers have numerous challenges today. Rapid consolidation
and vertical integration, shrinking margins, increased expenses, and human
resource constraints have placed independent furniture retailers at a
disadvantage. PROFITgroups supplies the format and expertise necessary
to share best practices, increase profits, and provide a surrogate board
of directors comprised of other non-competing furniture retailers. Fashioned
from a successful venture begun in the automobile industry over 70 years
ago, industry-focused groups have proven to be an effective means of allowing
independent retailers an avenue for improved performance.
Top 10 Benefits of PROFITgroups:
- Guaranteed to Improve Profitability
We are the only group in the industry that guarantees you will take away more profit-building ideas to justify the cost or we will refund the yearly membership fee.
- Best Intentions Become Positive Results
Turn your best intentions into Best Practices.
- Time-Tested and Field-Proven Profit Enhancer
Members share Best Practices with other members.
- You Choose The Discussions and Topics
Members may select guest speakers to address specific topics of interest
to the group. Whether that expert is a speaker on legal issues, an investment
advisor, or a consultant from PROFITsystems, Inc., PROFITgroups coordinates these resources and arranges their attendance at your group’s
meeting.
- Ask Other Experts About Their Experience
A forum of experts who have “road tested” solutions to difficult and critical business decisions.
- Professional Financial Analysis
PROFITgroups provides a written Profit Maximization Analysis
to all members. The PMA is a sophisticated analysis of your business’
metrics. It will point out areas where the business expenses, for example,
are higher than those of the NHFA high-profit store average, so that
action plans can be developed to bring them into line.
- Financial Benchmarking
All members’ financials will be compiled in a Confidential Financial Analysis (CFA), which will allow members to further compare their statistics to other members’, the group average and high-profit dealers, as compiled by the NHFA.
- Meet with Non-Competing Owners of Similar Operations
Members are placed with peers for networking.
- Confidence of Confidentiality
All members sign a confidentiality agreement, assuring group support and a true sense of sharing.
- A New and Caring Board of Directors
A surrogate board of directors encourages goal setting and holds each member accountable for implementing techniques and advice gathered from meetings.
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