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How to find the expected benchmarks and KPIs for your industry? - e64

6 snips
Feb 1, 2022
Guest
Mitchell Baldridge
Mitchell Baldridge, CEO of Baldridge Financial, discusses finding benchmarks and KPIs for your industry. They explore methods like trade organizations, trade journals, and competitor information. Gathering research and understanding benchmarks before buying a business is key. They suggest seeking insights from industry experts, cautioning against unreliable sources. Valuable tips include accurately determining gross margin, consulting experienced individuals, and considering past and modern business practices.
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Episode notes
1
Introduction
00:00 • 4min
2
Finding Expected Benchmarks and KPIs for Your Industry
04:18 • 3min
3
Conducting Research and Gathering Information Before Buying a Business
07:22 • 3min
4
Tips for Understanding Industry Benchmarks and KPIs
10:25 • 2min