Congratulations, now that you’ve done the questionnaire for your business consider this award!
The BizBench Top 10% Award Statistically Certifies Excellence in Overall Business Performance For Your Industry!
Do you think your business is doing pretty well? Why not see where you stand in your industry? You may already be a top 10% performer and industry leader!
After analyzing more than 17,000 businesses, we discovered those companies with a Value Builder Score of 80 or more received offers that are 71% higher than the average business. Working side-by-side, we’ll help you improve the value of your company. Whether you want to sell your business for a premium now, or simply know that you could, The Value Builder System™ will help you dramatically increase the value of your company.
If you are an accountant or other business adviser, instead of just providing your service, imagine what difference it would make to you and your clients if your mutual objective was to get them to the top 10% of their industry for businesses their size for overall business performance as measured by the key metric of Return on Assets?
You can achieve this award and reap the benefits:
- Increased company morale and employee satisfaction and attention.
- Increased marketing advantage and differentiation over your competition.
- Increased credibility and attractiveness to potential clients.
- Increased attractiveness to potential investors.
The Importance of Recognizing Excellence – Our Own Experience
When Universal started it’s incredible growth curve in 2004, we were awarded by the State of Utah Department of Economic Development the UTAH 100 Award, for being one of the 100 fastest growing companies in Utah, and looked forward each year to making sure we achieved it the following year as well. We now have hanging on our Wall of Fame, a whole string of awards for that and each subsequent year.
Then in 2006, we were awarded by Inc. Magazine the Inc. 500 award for the first time for qualifying as one of the fastest growing companies in the United States Again we were motivated to do everything possible to continue to receive these awards. Today we have hanging on our Wall of Fame, a line of Inc. 500/Inc. 5000 awards.
The BizBench Evolution of Excellence
Since 2001, we have been using BizBench as a tool to manage our key financial performance metrics as a business, one of the major contributing factors to receiving the awards above. We valued this tool so much that in 2012 we purchased BizBench, and in 2013 we reintroduced it to the marketplace.
We have just launched BizBench 2.0 this year. It is now available to you as an accountant, consultant, business owner, or business executive to be that powerful tool to move from exigency to excellence! We found that it doesn’t take any more work to manage a well run business that it takes to run a struggling company, and often it’s much easier.
So we launched an award of our own:
The BizBench Top 10% Award!
If you are a business owner or executive: Imagine the pride you will feel when your company is recognized for overall business achievement! Imagine what it will mean for your customers, sales staff, employees, investors, etc.
If you are a business adviser: Imagine the pride a client will feel when you can present them with this award, because of your guidance!
Imagine the pride you will feel displaying a whole row of these awards in your office as you are able to take client after client to the top of their industry with BizBench!
This is available to any business for which a BizBench Report verifies that they are in the top 10% of their industry by NAICS code in Return on Assets (ROA).
Return on Assets (ROA) measures management’s effective use of the entire asset base to generate profit. The ratio is computed by dividing Pre-tax Net Profit by Total Assets, and then expressing that number as a percentage.
ROA is an extremely important ratio where the higher the return, the more effectively all assets are being used to generate profits. The ratio is a good indicator of management’s ability to conduct profitable operations. It is particularly critical for a company’s initial growth phase they have a high return on assets.
ROE (Return on Equity) can obscure a lot of potential problems. If investors are not careful, it can divert attention from business fundamentals and lead to nasty surprises. Companies can resort to financial strategies to artificially maintain a healthy ROE — for a while — and hide deteriorating performance in business fundamentals.
ROA is a better metric of financial performance than income statement profitability measures like return on sales. ROA explicitly takes into account the assets used to support business activities. It determines whether the company is able to generate an adequate return on these assets rather than simply showing robust return on sales.
Harvard Business Review, “The Best Way to Measure Company Performance,” John Hagel III, et al. 2010.
Virtually all measurements affect and culminate in ROA, as the DuPont Model indicates, and BizBench shows what the levers of the business are, where to find them, and how to operate them to reach the top 10% ROA for your industry.
Does your business or a client’s business already qualify for this award? It’s impossible to know for sure unless you know the statistical distribution for similar businesses in the same industry.
The Power of Financial Data
BizBench takes a company’s key data from the Income Statement (profitability) and the Balance Sheet (equity), calculates, tabulates, graphs and explains over 50 key measurements including ROA, and then compares each one to the statistical distribution of scores for each for a particular NAICS code and range of business size, using the database of business financials for the previous year. BizBench details the specific percentile achieved in each measurement. It provides specific suggestions for corrective actions in each area.
Using Years of Financial Data, The BizBench Top 10% Award certifies excellence in overall business performance!
- If you are a business owner or executive, imagine the pride and motivation involved in knowing and SHOWING to the world that you are in the Top 10% of businesses of your size in your industry by NAICS code. Imagine what that could mean to your prospective clients, existing clients, vendors, lenders, and prospective partners. You will get a handsome award to display.
- If you are an accountant or consultant, what difference would it make to prospective clients to be able to see that this is what you do for your clients by the awards you have hanging on your own wall of fame for each of your clients you have helped to achieve industry leadership? Imagine what it means to your current clients to know they can be guided by you to industry leadership!