This presentation will explain what benchmarking and best practices are, how you can identify and use best practices in your business and includes 5 of our favorite best practice infographics.

1. BENCHMARKING
AND
BEST PRACTICES 101
What Are They, How Do You Benchmark
& 5 Rocking Infographics

2. BEST PRACTICE:
a proven method, process or technique in a given area
that has consistently achieved successful results
better than other means.

3. TODAY’S SMALL BUSINESS OWNER IS
FACED WITH NEW CHALLENGES DAILY
AND OFTEN REQUIRES FINDING
BUSINESS SOLUTIONS AND IDEAS
FROM OTHERS.

4. INFORMAL BENCHMARKING PRACTICES
 Talking
to colleagues and learning from their
experiences
 Consulting with experts
 Networking at conferences, seminars, and
internet forums
 Publications that share benchmarking
information

5. BEST PRACTICES HELP BUSINESSES
 Identify what works
 Avoid losing time and money
trying other techniques that
might not prove as useful
 Avoid a detrimental mistake
 Improve performance
 Propel the company forward

6. METHODOLOGY TO STUDY BEST PRACTICES
1. Identify one process, area of business or
service that you want to improve
2. Find one metric with which to measure
success
3. Create a list of competitors and other
businesses in your industry
4. Compile information for each one on what best
practices they have used as well as what has not
worked
5. Adapt each best practice to your specific
business
6. Evaluate your current situation
7. Implement the process and measure the
results.

7. BORROWING AND IMPLEMENTING BEST
PRACTICES FROM OTHER SUCCESSFUL
BUSINESSES AND INDUSTRIES CAN
CONSIDERABLY GROW YOUR SMALL
BUSINESS. TAKE THE TIME TO LEARN THE
FACTORS OF SUCCESS AND YOUR
BUSINESS WILL EXCEL.

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