The Power of Benchmarking

Benchmarking performance against your competitors or industry peers is a hugely insightful, but highly under utilised exercise. It seems a number of factors limit its use – he difficulties in measuring non financial outcomes, the challenges in comparing apples for apples and the fear of being judged. But in my experience the value and benefits of knowing where you stand is simply too great to ignore. Whether you think you…  Read more

Efficient business systems really pay off

Too many businesses fall over because the owner has not established efficient business systems. This typically happens because the business owner is so caught up in the day-to day running of the business that the fundamentals of good business management get forgotten. Often too it must be said that the owner simply doesn’t like bookkeeping or other administrative tasks, so these get put on the back burner. The symptoms are…  Read more

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