Benchmarking and Best Practices 101

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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.

Negócios Notícias e política

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

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

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

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

BESTPRACTICESHELPBUSINESSES
 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

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.
METHODOLOGY TO STUDY BEST PRACTICES

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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Like the MACs Women’s Group Facebook Page
Join the MACs Women Online Community
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Benchmarking and Best Practices 101

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. BESTPRACTICESHELPBUSINESSES  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. 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. METHODOLOGY TO STUDY BEST PRACTICES

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.

10.

11.

12.

13. Follow @MACsWomen on Twitter. Like the MACs Women’s Group Facebook Page Join the MACs Women Online Community Subscribe to our e-blasts

Benchmarking and Best Practices 101

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