One of the questions clients often ask me when reviewing their accounts is “how do my results compare against other businesses in the same industry?” It is a very good question and one that we can answer with our benchmarking service.
Benchmarking allows an organisation to compare itself against the competition, the market, either nationally or internationally, or against similar businesses in terms of size or turnover.
Once you discover areas of under performance against other organisations, you can investigate why and set in motion improvement strategies.
You are then in a position to benchmark your own current performance against past performance. You are also able to measure which improvement strategies are successful and which are not.
Over time, benchmarking should demonstrate a steady increase in performance in the areas measured.
We are now encouraging our clients to take advantage of a free one page performance evaluation report (normally £200) on completion of their next set of accounts. This offer is also open to new clients.
An example of the report is shown below: Free business bench-marking report