5 challenges for small business - and how to beat them!
Want to know how to beat the most common business challenges? We’ve highlighted five common challenges and the simple ways to overcome them. Read More…
By Andrea Bradley
Benefits of performance benchmarking.
Performance benchmarking can provide powerful information to help you grow and improve your business. It can help to clarify where improvements can be made, assist in setting measurable targets as well as encourage development and improvement across your business.
Small businesses incorporating benchmarking as part of their planning process, are more likely to see an increase in sales and profitability compared to those who fail to benchmark. Identifying benchmarks, analysing the data to illuminate areas for improvement and establishing standards to improve these results, will assist you to focus your efforts on areas which will have a clear impact on your financial bottom line.
WDF Professional subscribes to a benchmarking platform which enables us to benchmark your financial data against industry peers across a range of areas including profitability, productivity and key financial ratios. This benchmarking platform currently offers data for over 90 industries.
A WDF Professional benchmark report will provide you with insightful information and statistical analysis to help you make improved business decisions. If you are interested, please contact your WDF Professional team.
Director
5 challenges for small business - and how to beat them!
Want to know how to beat the most common business challenges? We’ve highlighted five common challenges and the simple ways to overcome them. Read More…
Making data meaningful in your small business
Data is only powerful with context. It needs to be accurate and organised and you need to be clear on the necessities vs the niceties. We can accumulate, analyse, report and advise on your data or the tools to help get the clarity you need. Read More…
Does your business have a succession plan?
Research from MYOB shows nearly half of Baby Boomer business owners are planning to exit in the next 1 to 5 years. But do you have a succession plan in place to guide this exit? Read More…