Page 6 - TrailerTalk April 2024 Edition - LR

TRAILERTALK

Participate in the NTDA Financial Performance Survey

That Provides Key Dealer Metrics

Most importantly, the top-performing companies are identified and
analyzed to provide insights into practices that make them successful.
Your company's performance and trend metrics are compared with
those of other members to identify key areas where you have a business
advantage, an opportunity for improvement, or a weakness that should
be addressed.

This study is a free benefit for NTDA members. That’s a tremendous
bargain. Some accounting firms offer limited analytic services, but they
are not based exclusively on NTDA members’ industry data and they
are not free.

DATA SECURITY

It is easy to participate in this study. The survey only collects essential
The NTDA is conducting a Financial Performance Survey that is due data so it usually takes only an hour or so to complete. You can skip
May 15, 2024. Study results provide an annual analysis of the current questions that you cannot answer or reasonably estimate. You can also
state of the industry and of your firm compared to the industry. The choose to provide general data without providing sensitive data (for
analysis provides insights into changes you can make to guide your example, you can report total payroll but not report the owner’s salary).
business planning for improving your financial performance.
Profit Planning Group conducts the annual benchmark study for NTDA
VALUABLE ASSETS which guarantees the confidentiality of your data. NTDA will never have

access to your data. You can enter your data in a familiar spreadsheet
Financial Performance Survey reports are even valuable assets in future environment on your computer instead of on a vulnerable web page
support and decision-making roles like operating loan applications, that is exposed to the Internet. You submit your data directly to the
valuations for succession or sale of your business, shareholder Profit Planning Group by email or through their exclusive, easy-to-use
reports, SEC filings, and more. Financial benchmarking is the process secure dropbox.
of comparing your business's key financial and operating metrics to
those of other businesses in your industry. This comparison helps you Profit Planning Group securely stores your data anonymously on servers
identify where your business is performing well and where you could that are not connected to the Internet. They analyze the data then send
make improvements. By understanding your strengths and weaknesses you the results in a confidential report. Profit Planning Group has a 35-
relative to your industry, your team can make informed decisions to year record of securely managing confidential data for thousands of
improve your business's performance. studies without a security incident. After the analysis, the documents
you submit for the study are destroyed.
INDUSTRY METRICS
This study is a unique chance to boost your profits and support your
Annual industry metrics are crucial for guiding your management industry community at the same time. This study and members'
team's efforts to increase profitability. The modern business practice of need for comparative metrics are mutually beneficial. Members need
continuous improvement requires the regular monitoring of key metrics industry benchmarks to evaluate performance while participating
to assess the effectiveness of changes made to improve performance. in the study contributes data for the compilation of the benchmarks.
Annual benchmarking provides the foundation for regularly measuring This relationship means benchmarking is a community effort. Please
and tracking these metrics. contribute to this valuable study now to support your community
and improve your profits. Visit https://ntda.site-ym.com/page/
The NTDA Financial Performance Survey examines the key financial and DealerSurveys to download the survey. Surveys are due May 15, 2024.
operational metrics of companies in your industry. The study analyzes
all companies as well as companies in small to large revenue brackets.

6