Benchmark Data Team, Author at The Benchmarking Group Pty Ltd

Stockturn Rate

Stockturn rate, also known as inventory turnover, measures how often inventory is sold and replaced over a specific period..Read More

Expenses as a % of Revenue

Expenses as a % of Revenue is an important financial metric that indicates how much of a company’s income is spent on operating costs..Read More

Gross Profit Margin

Gross profit margin is one of the most important business metrics for owners of product-centric businesses..Read More

50 SMART Objective Examples

The following list of SMART objective examples are designed to support business advisors, consultants and account….Read More

one page strategic business plan TEMPLATE

How to create a One Page Strategic Business Plan

A One Page Strategic Business Plan is not a ‘one-hour strategic business plan.’ Each element should be researched and…Read More

Setting SMART Objectives

For many business owners, the question “where do you want to be in 5years?” can be extremely daunting. Especially….Read More

Reaching your full (business profit) potential

A ‘good’ profit can be hard to define. It varies based on business type, industry, circumstance, business size and owner…Read More

Profit Gap Analysis

In business terms, a profit gap is simply the difference between the desired net profit (or profit margin) of the business…Read More

The great remote shift: what happens next?

As majority of Australia returns to ‘the new normal’ we look at what impact the ‘great remote shift’ has had – and will have – on Australian businesses. COVID-19 has undoubtedly changed the business landscape in Australian and globally. Whilst shifts in economic factors such as employment security, consumer sentiment and business investments continue […]

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