Peer Benchmarking Groups

by Ron Sturgeon

Why are small businesses that benchmark more profitable than those that don’t? Did you know that on “Who Wants to Be a Millionaire” contestants get the right answer more often by asking the audience than by calling the smartest person they know? It’s true. No matter how smart you are in running your small business, you can benefit from tapping the collective wisdom of business owners within your industry! Ron Sturgeon used peer benchmarking for a decade with other yard owners to build a local auto salvage yard from one employee into one of the largest such operations in the Southeastern United States leaving competitors in the dust. He eventually sold his operation to Ford Motor Co What will you learn from reading this book about Ron’s experience? • How to form or find your own peer benchmarking group • How to prepare for a successful peer benchmarking session • How to choose the right metrics to benchmark • How to do strategic planning collaboratively • How to choose strategic initiatives to pursue • How to translate the collective wisdom of the group into bottom-line profits in your business

19 pages, Kindle Edition

First published August 26, 2011