Benchmarking your Business

Benchmarking is a way of measuring your performance against other, similar-sized businesses in your industry. It gives you an understanding of what drives success in your industry and how this can be applied to your business – so you can make informed decisions about the direction you’re heading.

We access information from a number of sources including the ATO and Australia’s leading database of industry-specific financial data so we can identify:

  • Where your cost of sales should generally sit in relation to your turnover
  • How your total expenses should relate to your turnover
  • What labour costs, rent and motor vehicle expenses are typical for your industry, based on the size of your business

 

We’ll then work with you to:

  • Analyse relevant key performance indicators (KPI’s) for your industry
  • Identify areas where you can reduce costs or increase efficiency
  • Understand your productivity levels based on the number of staff you have
  • Detect opportunities to become more competitive