Don’t miss out on the opportunity to benchmark your business. The deadline to participate in the North American Hardware and Paint Association‘s (NHPA) 2022 Cost of Doing Business Study is this Wednesday, June 30.
Each year, this financial benchmarking tool delivers data and insights that allow retailers to increase profits and strategize for their financial future and success. It’s free, easy and completely confidential to participate.
For your participation in the study, you will receive a free copy of the study ($499 value), a personalized financial analysis with your company’s financial results compared to industry averages, a what-if scenario generator to calculate how small changes can make a big impact and your company’s financial ratios and other financial metrics.
About the 2022 Cost of Doing Business Study
For more than 100 years, NHPA has collected information from independent retailers for the study. Individual financial data is held in strict confidentiality, and financial and operational data will only be published in aggregate. Click here to learn more.
How to Participate
Participate in the 2022 Cost of Doing Business Study to receive free access to the study’s results and a personalized financial analysis. Choose from one of four easy ways to share your information:
Complete the online Cost of Doing Business Study form and upload your 2021 year-end financial documents.
Mail the Survey
Print and complete the survey using your 2021 year-end financial data and mail it to NHPA.
Mail Your Statements
Fill out the company information section of the survey, attach a copy of your 2021 year-end financial statements and mail them to NHPA.
NHPA’s Mailing Address:
Attn: CODB Coordinator NHPA
1025 E. 54th St.
Indianapolis, IN 46220
3 Reasons Why You Should Participate
Here are three reasons why you should submit your information to the Cost of Doing Business Study.
- You’ll receive a free copy of the study’s results ($499 value).
For your participation in the study, you’ll receive a free copy of the 2022 study along with a personalized financial analysis of your company’s financial results compared to industry averages.
- Participating in the Cost of Doing Business Study can help you benchmark your business.
Your personalized financial analysis includes composite financial statements, your ratios, what-if scenarios and a strategic profit model. The what-if scenario generator can help you calculate how small changes make a big impact. Identify new financial opportunities for your business by using the study’s financial metrics to:
– Determine ways to reduce costs and increase profits.
– Identify ways to improve average transaction size and reduce payroll dollars.
– Evaluate gross margin return on investment.
- Your submission helps other retailers like you.
As independent retailers, we are stronger together, and the Cost of Doing Business Study is no exception. The more retailers who participate, the stronger the study results.