We need company leaders like you to spend a few minutes completing our Financial Analysis of the Industry survey. Here’s why.
How does your company’s financial performance compare to other commercial integrators? Where does your firm spend more? Where does it spend less?
Whether you want to analyze expense ratios, evaluate pricing strategies, or identify profitability gaps, our Financial Analysis of the Industry report gives you actionable data you can use to optimize operations and improve financial health.
But the success of this report depends on the information we receive from you. The insights shared in the report come from real companies, which means we need company leaders like you to spend a few minutes completing our Financial Analysis of the Industry survey. It’s the fuel that drives the report.
All Financial Analysis of the Industry survey data remains anonymous, so we won’t have access to specific responses or know who shares what data. It takes about 20 minutes to complete, but the outcome is worth the effort.
Consider it a business investment with solid ROI. The time you spend completing the survey gives you access to a report that:
- Reveals where you stand compared to your peers on key metrics like profitability, revenue streams, and expense ratios
- Offers insights into trends, challenges, and other factors impacting the commercial integration industry right now
- Helps you identify ways to boost profitability, reduce costs, and improve operational efficiency
- Empowers you to create your own dashboard of critical indicators to measure the financial health of your business in comparison to other integrators
- Identifies metrics and parameters to help you manage and increase accountability
Still not sure if you want to fill out the Financial Analysis of the Industry survey? Consider the other benefits you’ll get from the report.
Identify Where Your Spending Is Out of Sync
In the survey, we ask about critical areas like labor cost management, job costing, and pricing strategies. When you know what other companies spend in these areas, you can determine whether you’re spending more, less, or about the same.
From there, you can make decisions about where you might be draining profits.
Spot Trends to Mitigate Risk
By understanding industry trends that may be lurking within financial data, you can proactively address risks that could impact your business in the long term. For example:
- Are customer dynamics changing?
- Is the industry shifting in one direction or another when it comes to competitive bid vs. direct sales?
- Is work backlog trending up or down?
- Are your peers expanding into new market that you haven’t considered?
By analyzing these metrics, you can refine business processes to minimize risks related to delays, resource allocation, and client satisfaction.
Improve Strategic Planning
Because the report provides a clear picture of market dynamics, you can use it to plan for future uncertainties like economic fluctuations or shifts in customer demand.
Fine-Tune Staffing
Because we gather workforce data in our survey, the report is able to take a deep dive into office, sales, and technical staffing numbers, as well as remote workers, the report can help you evaluate whether your staffing approach aligns with industry standards and where gaps may exist.
Make Data-Driven Decisions
By benchmarking your own financial data, you can validate past decisions or refine future strategies based on proven industry patterns.
Enhance Operational Efficiency
The survey data feeds into operational best practices, allowing you to uncover inefficiencies in areas like workforce allocation, work backlog, and job costing.
Learn from the Past
Because NSCA members have access to past reports, they can take a close look at things like:
- Patterns and shifts in profit margins, operating costs, etc. over time
- Benchmarking progress over time to see whether efficiency improvements are keeping pace with the industry
- Slow-building risks, like declining sales growth or increasing backlogs
Your Call to Action: Take Our Survey!
Your voice matters. By taking our Financial Analysis of the Industry survey and sharing your knowledge, you can contribute your unique data to help us reflect the true state of the industry.
Remember: The more participation we have, the better the insights will be.
