P2: The Profitability Project
Improve your bicycle retail profitability the affordable way
P2: The Profitability Project brings together non-competing retailers to share data, successes, tips, and secrets to building and maintaining bicycle retailer profitability. Members gain access to critical support that would be far costlier through individual consulting. Meet monthly with your group of peers to analyze Key Performance Metrics looking at numbers directly off your P&L.
Now onboarding new members into groups – take your business to the next level and join a P2 group now. Use the link below to submit your first month’s deposit and get started now! Stay ahead of your competition and realize your business’ full financial potential.
P2 can help you decide…
Do you wish you had great margins? Is your payroll too high? Is your Service Center Profitable?
“P2 has helped me evaluate my service department operations and pricing as well as staffing needs and has added about $20K to my bottom line in one year alone.”
“With the help of another P2 member after 27 years we finally developed a list of Core Values that all the staff signed off. It gives a foundation to operate on. The money and time spent in joining a P2 Group will be easily recovered many times over within the first year. If you truly want to improve your bike shop sales, efficiency, organization, service department and customer service, then becoming a P2 member is the best investment you can make for your business.”
P2 Consulting Services
Helping Grow Your Business Success, Profitability and Accountability
The NBDA has a myriad of tools to help you be successful at saving money and enhancing your business, all the way from bottom line improvements to top line growth. Whether you are just getting started in bicycle retail or have decades of experience, there is no better resource than the NBDA to help put you and keep you on the right track.
NBDA members, aspiring retailers, established professionals, anyone looking to help their business break through to the next level, and those looking for an exit plan will benefit from expert business consulting available through the P2 Consulting Services program.
Our P2 Consulting Services Program pairs you with a proven, experienced bicycle retail industry consultant to provide you with personalized coaching and guidance that is relevant and specific to you, your shop, and your current business strategy.
Learn how you can refine your business strategy in our ever-changing retail environment and improve your business operations to successfully grow and thrive.
Consultation sessions can be as diverse as the clients served, but typical topics include:
- Leadership Training
- Business Operations
- Effective Goal Setting and Time Management
- Staff Development
- Inventory Planning and Control
- Vendor Relations
- Financial Analysis
- Continuous Improvement Programs
- Business Valuation
- Succession Planning and Strategy
Retailers often use these services as a simple sounding board for anything they may be experiencing, and sometimes as a hard honest accountability call-out to ensure they are on track and performing at their best. A confidential conversation with a neutral 3rd party who has most likely experienced similar issues can really help with seeing potential solutions that might not be initially apparent.
In the event that there may be someone who would be better suited to address your situation, our consultants will always be clear when their skills will not be a match for your needs and concerns and help get you pointed in the right direction or connected with the right person/organization.
Our consultants are available to connect with you on the phone or via web conferencing, making these consulting sessions easy, efficient, convenient and incredibly cost-effective.
NBDA Member Exclusive Benefit – Free 30-minute appointment with Neil Wechsler, email Neil@NBDA.com to schedule your appointment!
Meet our P2 Consultants
Neil Wechsler
Bicycle Retail Business Consultant
Retail Management Consultant and founder of Montlake Bicycle Shop, Kirkland Bicycle, and Main Street Mountain Bikes located in the Seattle, Washington area. After 40 years of running small to medium sized retail companies, Neil is now consulting others to help them achieve their goals in bicycle retail. With a life-long love of both bicycle riding and the bicycle business, Neil has taken every opportunity to deepen his understanding of the industry through continuing education, training, and professional guidance. Neil can address your concerns regarding almost any aspect of bicycle retail management including staff development, inventory planning and control, vendor relations, financial analysis, continuous improvement programs, succession strategy, business valuation and more.
Hourly rate: $120 USD / hour
To schedule a la carte consulting: email neil@nbda.com or call (206) 271-7047
Heather Mason
NBDA President
NBDA President with a broad range of experiences in the global bicycle industry. A once global manager who helped a well-known brand launch into the US, she has guided many new suppliers to a strong retailer footprint and relationship. Heather can help suppliers looking to navigate business operations planning, retailer programs, sales representatives, marketing, and footprint to position properly for forward growth and profitability.
Hourly rate: $420 USD / hour
To schedule a la carte consulting: email National Bicycle Dealers Association
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