Measure yourself against the best
Do you think your business is travelling well, but you aren’t sure whether you should be doing things better? Are there parts of your business you think may be lagging behind, or are you worried you’re spending too much in some areas?
Surviving in business today requires you to understand what is working well in your business and what is not working. Benchmarking is a tool that can help.
Benchmarking is the process of assessing the performance of your business against others in your industry or related industries. This enables you to measure yourself against the best, average and poor performers.
Some areas which we can benchmark your business are as follows:
- Sales and turnover (weekly, monthly, annual)
- Gross profit
- Key expenses (wages, rent, advertising etc)
- Staff numbers
- Average customer spend
Benchmarking allows you to highlight areas where you are underperforming and gives you areas of opportunity to improve how you do business.
We can then work with you to formulate an action plan to help increase your bottom line.