Achieve consistency and maximize profit.

We don’t need to reinvent the wheel. Through the implementation of standard operating procedures and accounting methods, not only can you expect consistent and understandable results from your business, but you can compare yourself to other highly profitable businesses just like yours. You will know where your business is excelling, and where it can improve to produce even more for you.

How Norwood will get you there.

First we implement best practices.

  • Financial training for staff and management
  • Chart of Accounts design and implementation
  • Accounting system design
  • Financial statement design and analysis
  • Budgeting and forecasting
  • Key Performance Indicator design and measurement
  • Financial modeling
  • Data analytics
  • Standard Operating Procedures (SOP) design

Next, we see how your business measures up: Benchmarking

Benchmarking is the process of determining objective standards and goals based on measurable results compared to industry leaders.  At Norwood, we have access to the performance metrics of hundreds of the most successful companies in the home services industry.  Companies with a net profit of 15-20%. 

Are you spending too much money on vehicle expenses?  Are you charging enough for your demand services?  One way to answer questions like this is to compare your company to other highly profitable companies.  And since these measures are based on the performance of other companies like yours, you know that it is possible for you to achieve your goals.  This is a great way to identify areas where your already awesome business can be even more awesome.

Finally, we provide you with a plan of action.

Based on the findings of our benchmarking process, Norwood will provide you with a specific, detailed plan to maximize your business’s profitability. At Norwood, we understand what it means to run a home service business, and the profits that are reasonably achievable in companies of any size.  That means that we don’t simply tell you that you need to cut costs, or sell more system replacements in order to increase your profit.  We understand that the home service industry has unique characteristics and culture, and that each and every company does also.  Our approach and recommendations are unique to each business we work with.