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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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Implementing Benchmark Analysis Improvements to your Client’s Business

Sometimes you’ll need to set a few progressive targets, to get a client from a ‘poor’ position, to a ‘best practice’ standard. Here is an example. Suppose you have a client who is a real ‘basket case’ of a business: too much stock; debtors don’t pay on time; the company doesn’t charge enough for their […]

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Improving Your Client’s Asset Productivity

The overall financial efficiency of your client’s business results from the interaction of ‘profitability’ on the one hand and ‘investment’ on the second.  Looking at ‘return on equity’ benchmarks can be problematic, as there are many variables in small businesses which will materially affect the comparability of those results.     However, reviewing Asset Turnover benchmarks […]

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Getting the Most out of Personnel Productivity Benchmarks

As with any ‘ratio’, personnel productivity is best measured by linking an ‘input’ to an ‘output’. The key ‘input’ we’re looking at here is labour:  the number of people; the cost of those people and so on.   We’re linking it to the output of their activity.  Often this is ‘sales’ or ‘gross profit’. These […]

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Why Advisors Should Benchmark Their Clients Against Competitors

As a business owner, competition can be intimidating.  However, it can also drive to achieve impressive results. The important factor is knowing how to beat the competition. With this sentiment in mind, for business owners and advisors, gathering intelligence on a business’s competitors in a systematic and rigorous format is critical to success.     What are […]

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How Do I ‘Benchmark’ a Business? Three Mindsets for Advisors

  At different stages during the process of Benchmarking a firm, your mindset needs to change. Here are the key stages that you’ll need work through as you help a client to devise concrete plans for a better, stronger business: 1. At first, your role is essentially a clerical one: converting the financial data about […]

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New Report Print Section

Benchmarking.com.au has released a new report print section – My Reports.   My Reports allows users to print multiple reports whilst continuing to work within the application. As reports become available for download they will be displayed in the My Reports section.    Please see the short movie below for the My Reports demonstration. Within […]

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