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Old 01-20-2008, 07:47 AM   #21
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Quote:
Originally Posted by uglyjoe View Post
good to see that you two worked it out
It's in the past, ugly. Like I and others have said, lots of room for misinterpretation out here...



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Old 01-21-2008, 03:56 AM   #22
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LOL, plus, i'm just an a-hole at times. I did pop off just after new years, and someone said it sounds like a hangover. I posted the little party face, but truth be told, I didn't even go out for new years and didn't touch a drop.

There is method to my madness though and I may reel in my comments in the near future.
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Old 02-23-2008, 02:32 PM   #23
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I missed this thread previously.

Auto dealers have long used something called 20 Groups. Non-competing auto dealers share financials and establish benchmarks. http://www.nada.org/ProductsServices/20Grp/

The Certified Contractors NetWork does something similar called Financial Mastermind.

There are several ways such groups are run, including complete anonymity regarding the financials. I think there is a lot of merit to such groups. In a sense each of us operates in a vacuum-- we often aren't sure what our numbers should look like. There isn't a lot of industry information available, so it can be hard to know what is reasonable and what isn't.

Brian Phillips
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Old 02-23-2008, 02:47 PM   #24
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Quote:
Originally Posted by Brian View Post
I missed this thread previously.

Auto dealers have long used something called 20 Groups. Non-competing auto dealers share financials and establish benchmarks. http://www.nada.org/ProductsServices/20Grp/

The Certified Contractors NetWork does something similar called Financial Mastermind.

There are several ways such groups are run, including complete anonymity regarding the financials. I think there is a lot of merit to such groups. In a sense each of us operates in a vacuum-- we often aren't sure what our numbers should look like. There isn't a lot of industry information available, so it can be hard to know what is reasonable and what isn't.

Brian Phillips
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Originally, I didnt present this idea in the most effective way, and some of the respondents were uncomfortable with the concept probably regardless of how a peer review might be administered. Too private for a lot of people to even consider. However...

Alot of the threads that have popped up since this one was originally posted seem to be from people looking for ways to assess the growth of their businesses. The best resource I have had historically is my CPA, but he doesnt deal with any other small custom paint companies, so we have only been able to very generally consider percentages and margins of other types of contractors in analyzing our results.



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Old 02-23-2008, 04:46 PM   #25
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I for one would welcome "Review". Even though I grew up around the paint world, I do not know everything. Am also comfortable knowing my personal limitations and am willing to change and learn to grow.
I have to wonder if that need is not better served by joining something like PDCA?
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Old 08-19-2008, 01:10 PM   #26
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I think that its a cool idea. It could work.
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