News and Articles

81% of Small the Medium Enterprise (SME) owners in Australia have no succession plan or retirement plan in place…Read More

We have been getting a lot of interest recently regarding our Benchmarking Suite! So, we put together a quick….Read More

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

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

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

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

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

Over the past 10 years, the number of Management Consultants in Australia (also known as Business Advisors…Read More

Data driven decision making, or DDDM, is the process of making strategic decisions based on collecting and analysing…Read More

Today, benchmarking is a fundamental business process which drives business performance and ensures continuous improvements…Read More

Performance benchmarking measures a business’s financial performance, or KPI’s, against industry competitors…Read More

The Legal Services industry is, by nature, competitive. In many cases, firms thrive or fail pending their ability… Read More

The recent budget has provided a range of positive outcomes for small to medium Australian businesses… Read More

COGS are the Cost Of Goods Sold and the term relates to variable expenses which increase as more products are sold… Read More

To support the rapid recovery of Australian businesses, state governments have created a range of COVID-19 funding…Read More

The Benchmarking Suite is a product designed for accountants, business advisors and management consultants…Read More

It can be difficult for small business owners to determine what success looks like, as there is…Read More

In economics, a state of equilibrium is the balancing effect of supply and demand.[i] Thus, the quantity the producers… Read More

As majority of Australia returns to ‘the new normal’ we look at what impact the ‘great remote shift’ has… Read More

Sometimes you’ll need to set a few progressive targets, to get a client from a ‘poor’ position, to a… Read More

The overall financial efficiency of your client’s business results from the interaction of ‘profitability’ on the one hand and… Read More

As with any ‘ratio’, personnel productivity is best measured by linking an ‘input’ to an ‘output’. The key ‘input’… Read More

If your client has a gross profit margin problem, what is the natural reaction you are going to get… Read More

As a business owner, competition can be intimidating.  However, it can also drive to achieve impressive results. The important… Read More

  Many businesses are ‘mixes’ of basic revenue models – and in particular, are a mix of ‘retail’ and… Read More

  At different stages during the process of Benchmarking a firm, your mindset needs to change. Here are the… Read More

Benchmarking.com.au has released a new report print section – My Reports.   My Reports allows users to print multiple… Read More

As Featured in the Australian Financial Review on 19/6/19. Amidst the protest of taxi drivers against ride-sharing, the headlines... Read More

How it’s Calculated Total Net Profit (before owners’ salaries & remuneration) = _____________________________________                      Total Interest expense   How it’s… Read More

In case you didn’t know there’s a $30,000 instant asset write-off for small businesses If businesses are wanting to… Read More

  How it’s Calculated   Growth Capacity calculation:   $ of Net Profit – ($ of Current assets –… Read More

One point that can be made about ‘Business Benchmarks’ is that they are a tool. They are not the… Read More

Feedback loops are seen everywhere, from biological systems where they are used to achieve a stable environment to sports… Read More

How it’s calculated ((Net Profit (bos) – Current assets – Current liabilities) / Total Income) * 100 See our… Read More

The Italian mathematician Luca Pacioli was the first to publish the Venetian method of bookkeeping over 500 years ago,… Read More

How it’s calculated Net Profit can be calculated before owner’s salary (bos) is removed or after owner’s salary (aos)… Read More

How it’s calculated Net Profit per Owner can be calculated before owner’s salary (bos) is removed or after owner’s… Read More

Tim explains the new and improved benchmark suite reporting feedback section for SMEs in Australia.   Are you an… Read More

The Australian Tax Office (ATO) provides a high-level benchmark tool for business owners to compare their company’s performance to… Read More

Franchises are often considered, and sold as, a win-win business-model by both franchisors and franchisees. However, the recent Fairness… Read More

This is custom heading element Home What is ‘Employee Wages as a Percentage of Total Income’? Reviewing employee wages... Read More

As a business owner, competition can be intimidating.  However, it can also drive us to achieve impressive results. The… Read More

How it’s calculated   Revenue Per Employee is calculated as:   Revenue Per Employee = Total Revenue / Total... Read More

CALCULATE FTEs NOW - Jump to our FTE Calculator What's an 'FTE'? Full-Time Equivalent (FTE) is the measurement of... Read More

A benchmark is often considered as the optimum performance to be strived for, or, the average performance which is… Read More

Top 5 Reasons For Benchmarking A Business Do you know how your business is performing when stacked up against... Read More

The process for obtaining a measure – a benchmark: Simply stated, benchmarks are the “what,” and benchmarking is the… Read More

Research clearly shows successful businesses aren’t afraid to compare themselves to their competitors and ask the hard questions. Businesses… Read More

Benchmarking is an essential resource if you are thinking about buying a business. The best starting point is to… Read More

Looking at this list below, you will quickly draw an understanding of the benefits of benchmarking and if your… Read More

Our pharmacy records yield some interesting results from the following odds ratio analysis: High performing pharmacies, i.e. the top… Read More

The Benchmarking team has over the years seen a consistent pattern observed in contractor industries. They have found that,… Read More

As part of Benchmarking.com.au’s ongoing In-Focus series, the Optometry Industry is the next to go under the microscope. We… Read More

As at June 2014 Benchmarking.com.au is integrating with Xero for an easy data import. This facilitates a much faster… Read More

For those clients who are quick to complete their financial year 2013 files, be ready and create the new... Read More

After a succesful Trial in late 2012, NSW Trade and Investment has signed up to use the benchmarking.com.au platform… Read More

Since the release of our new benchmarking.com.au plaform in October 2012, we’ve been working hard to integrate the most… Read More

Benchmarking.com.au just released additional modules for all Online Industries in the Benchmark Suite and Industry Reports containing ABS industry… Read More

The Australian Taxation Office (ATO) has created benchmarks to assist small businesses with business improvement and to identify businesses... Read More

Industry Profiles give the reader an understanding of the drivers of success in a given industry and how they... Read More