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50 SMART Objective Examples
The following list of SMART objective examples are designed to support business advisors, consultants and account….Read More
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 Rise of the Management Consultant
Over the past 10 years, the number of Management Consultants in Australia (also known as Business Advisors…Read More
Data Driven Decision Making
Data driven decision making, or DDDM, is the process of making strategic decisions based on collecting and analysing…Read More
The History of Benchmarking
Today, benchmarking is a fundamental business process which drives business performance and ensures continuous improvements…Read More
Performance Benchmarking
Performance benchmarking measures a business’s financial performance, or KPI’s, against industry competitors…Read More
From the Courtroom to the Boardroom: the new battle ground in the Australian Legal Services Industry
The Legal Services industry is, by nature, competitive. In many cases, firms thrive or fail pending their ability… Read More
2021-22 Budget review for Australian small to medium businesses
The recent budget has provided a range of positive outcomes for small to medium Australian businesses… Read More
Defining COGS
COGS are the Cost Of Goods Sold and the term relates to variable expenses which increase as more products are sold… Read More
COVID-19 Support for Australian Businesses
To support the rapid recovery of Australian businesses, state governments have created a range of COVID-19 funding…Read More
Talking Benchmarking
The Benchmarking Suite is a product designed for accountants, business advisors and management consultants…Read More
The Bottom Line for Professional Services
It can be difficult for small business owners to determine what success looks like, as there is…Read More
The FTE Equilibrium
In economics, a state of equilibrium is the balancing effect of supply and demand.[i] Thus, the quantity the producers… 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… Read More
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… Read More
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… Read More
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’… Read More
Manage Your Client’s Margin – Spend Better Before Spending More
If your client has a gross profit margin problem, what is the natural reaction you are going to get… Read More
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… Read More
‘Businesses within a business’ – Applying different ‘models’ to the same business
Many businesses are ‘mixes’ of basic revenue models – and in particular, are a mix of ‘retail’ and… Read More
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… Read More
New Report Print Section
Benchmarking.com.au has released a new report print section – My Reports. My Reports allows users to print multiple… Read More
The Silent Disruption of the Accounting Industry
As Featured in the Australian Financial Review on 19/6/19. Amidst the protest of taxi drivers against ride-sharing, the headlines… Read More
Interest Cover Benchmark Calculation
How it’s Calculated Total Net Profit (before owners’ salaries & remuneration) = _____________________________________ Total Interest expense How it’s… Read More
Instant asset write-off for small businesses
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
Growth Capacity Benchmark Calculation
How it’s Calculated Growth Capacity calculation: $ of Net Profit – ($ of Current assets –… Read More
Using Business Benchmarks – Three Points for Advisors
One point that can be made about ‘Business Benchmarks’ is that they are a tool. They are not the… Read More
Discover the Feedback Loop Secret
Feedback loops are seen everywhere, from biological systems where they are used to achieve a stable environment to sports… Read More
Growth Capacity Benchmark Calculation
How it’s calculated ((Net Profit (bos) – Current assets – Current liabilities) / Total Income) * 100 See our… Read More
Give me the numbers… now give me the significance of the numbers
The Italian mathematician Luca Pacioli was the first to publish the Venetian method of bookkeeping over 500 years ago,… Read More
Net Profit Benchmark Calculation
How it’s calculated Net Profit can be calculated before owner’s salary (bos) is removed or after owner’s salary (aos)… Read More
Net Profit per Owner Benchmark Calculation
How it’s calculated Net Profit per Owner can be calculated before owner’s salary (bos) is removed or after owner’s… Read More
New Features for the Benchmark Suite!
Tim explains the new and improved benchmark suite reporting feedback section for SMEs in Australia. Are you an… Read More
ATO Small Business Benchmarks Explained
The Australian Tax Office (ATO) provides a high-level benchmark tool for business owners to compare their company’s performance to… Read More
Increasing Franchisor Transparency and Accountability in Australia
Franchises are often considered, and sold as, a win-win business-model by both franchisors and franchisees. However, the recent Fairness… Read More
Employee Wages as a Percentage of Total Income Benchmark Calculation
How it’s calculated Employee Wages as a percentage of Total Income is calculated as: (Employee Wages &… Read More
Financial Benchmarking Against Your Competitors
As a business owner, competition can be intimidating. However, it can also drive us to achieve impressive results. The… Read More
Revenue Per Employee Benchmark Calculation
How it’s calculated Revenue Per Employee is calculated as: Revenue Per Employee = Total Revenue / Total… Read More
Full Time Equivalent Benchmark Calculation
What it is Full Time Equivalent (FTE) is NOT headcount. Some people in your business may have only worked... Read More
The Meaning of a Benchmark
A benchmark is often considered as the optimum performance to be strived for, or, the average performance which is… Read More
Benchmarking: 5 reasons why your business should do it
Do you know how your business is performing when stacked up against competitors? Where you could improve, what you… Read More
The what and how of Benchmarking
The process for obtaining a measure – a benchmark: Simply stated, benchmarks are the “what,” and benchmarking is the… Read More
The Benefits of Benchmarking
Research clearly shows successful businesses aren’t afraid to compare themselves to their competitors and ask the hard questions. Businesses… Read More
Before you buy a business
Benchmarking is an essential resource if you are thinking about buying a business. The best starting point is to… Read More
Benchmarking versus Not Benchmarking
Looking at this list below, you will quickly draw an understanding of the benefits of benchmarking and if your… Read More
High profit Pharmacies…
Our pharmacy records yield some interesting results from the following odds ratio analysis: High performing pharmacies, i.e. the top… Read More
Contractor Industry Trends
The Benchmarking team has over the years seen a consistent pattern observed in contractor industries. They have found that,… Read More
In Focus: Optometry Industry
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
Benchmarking.com.au is a Xero Add-On Partner
As at June 2014 Benchmarking.com.au is integrating with Xero for an easy data import. This facilitates a much faster… Read More
How to create a new financial year for an existing company in the Benchmark Suite?
For those clients who are quick to complete their financial year 2013 files, be ready and create the new… Read More
NSW Small Biz Connect Programm
After a succesful Trial in late 2012, NSW Trade and Investment has signed up to use the benchmarking.com.au platform… Read More
The new Accountants Benchmark module is set for release in June 2013
Since the release of our new benchmarking.com.au plaform in October 2012, we’ve been working hard to integrate the most… Read More
Industry Statistics now part of most Online Industries
Benchmarking.com.au just released additional modules for all Online Industries in the Benchmark Suite and Industry Reports containing ABS industry… Read More
The ATO benchmarks your clients, why don’t you?
The Australian Taxation Office (ATO) has created benchmarks to assist small businesses with business improvement and to identify businesses… Read More
Industry Profiles – Know your client’s industry
Industry Profiles give the reader an understanding of the drivers of success in a given industry and how they… Read More
Why our customers love the Benchmark Suite
Benchmarking.com.au is an excellent platform to open up meaningful and valuable conversations with our clients about their businesses. The feedback sections in the reports is impressive and the platform is continually improving. We are very excited about the release of the additional 200+ industry benchmarks, which will allow many more of our clients to understand what is driving success in their industries and bring even more value to our business advisory offerings.
Steven Windsor | FMAAT, FCCA, Business Advisory Manager
With the Benchmark Suite, we now offer our clients benchmarking and consulting services - creating an additional revenue stream.
Nick Shaw | Director
Benchmarking.com.au is invaluable for businesses to improve performance and focus on the really critical KPIs.
Business Mentor and Advisor
Michael Hilsden, FAIM, FACS
Thank you, we really appreciate how proactive you guys are.
