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Into The Practice You Want!™
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Practice Builder SNAPSHOTTM
I have two questions for you:
1/ How well is your practice performing?
2/ Better still, how well is it performing relative to your peers?
You don’t know because the data isn’t available.
Except that now it is!
📸 Enter Practice Builder SNAPSHOTTM !
At its heart, SNAPSHOT is a data visualization tool.
With the data being six KPIs that answer those two questions above.
And the visualization being six graphs that show your results like this below:
And you can infer two additional KPIs from the data:
1/ Revenue per FTE
2/ Revenue per Project
Five Revenue Brackets:
Your results are benchmarked against all the other firms who enter their data.
And “Average Firm Your Size” is based on five revenue brackets:
You get all this by entering 6 of your firm’s data points:
1. $ Amount of revenue
2. $ Net profit before partner/owner compensation
3. $ Compensation per partner/owner
4. # F-time equivalent employees
5. $ Spent on marketing activities
6. # BVFLS projects completed
1/ $ Amount of revenue
2/ $ Net profit before partner/owner compensation
3/ $ Compensation per partner/owner
4/ # Full-time equivalent employees
5/ $ Spent on marketing activities
6/ # BVFLS projects completed
Easy, peasy.
BTW, there is a secure login, so your firm's data is PROTECTED AND CONFIDENTIAL.
Not even I can see or get access to it.
Why should I care?
They say comparison is the thief of joy.
I believe that’s true if you compare to bemoan.
But if you compare to improve, that’s a different story.
And by comparing your performance to others who have submitted their data – with the intention to improve – you can evaluate the effectiveness of your practice’s strategies and tactics and adjust accordingly.
How long will this take?
It should only take 5-10 minutes to enter your data AND get your results.
This is a great resource …
For your practice and our profession.
I hope you get some incredible insights from your SNAPSHOT.
And email me if you want help translating those insights into actions.
PS – If you’re like me, you might want some step-by-step directions. Here you go:
1. Register to create your account here
2. You will receive an email to activate your account (security precaution)
Click “Activate Your Account”
Receive Welcome email
3. Login with your newly created UN and PW
4. On your Dashboard, click “Add New Data”
5. Enter your firm’s six data points
Note that you can enter data for calendar years 2021 and 2022
6. Click “Save and Get Results”
7. Download or print your 1-page pdf
