Performance, Measurement, Accountability and Profit

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Performance, Measurement, Accountability, and Profit

Tim Krone has been a P2* member for seven years, and Performance, Measurement, Accountability, and Profit are the four key areas that are studied intensely as part of this program. Tim joined P2 when his shop, Pedal, was young and, perhaps, stupid. In this presentation, Tim will discuss his experiences with the program and some of the methods by which the P2* program helped him be at least moderately successful. It’s worth noting that neither the P2 program nor this presentation claims to be a silver bullet that will suddenly make you rich. Instead, both are more interested in the skills and habits that will help you make more money.

*P2: Profitability Project P2: The Gold Standard in Bicycle Retail

The NBDA Profitability Project, referred to as P2, improves business for participating specialty bike retailers!

The format is similar to that of groups like “20 Groups”, that have been so successful in the automobile, motorsports, RV, and camping industries or Mastermind Groups, Dealer Groups and YPO (Young President’s Organization). Each group is made up of non-competing dealers who meet to learn, compare, network, examine and analyze specific data from their business to help and support each other in business operation and strategy.  Each group will meet 2x per year in alternating member locations and on-going virtual meetings throughout the year.

Support the show (https://nbda.com/articles/donation-form-pg511.htm#!form/Donate)

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The NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

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