It’s great to see areas where you are up with the best, but the areas you are not doing so well are your major profit opportunities if you can resolve them.
Where are the bottlenecks? Can you improve the processes? Where should you cut? And where invest more?
Interestingly, finding the answers reduces business stress as well as boosting profits.
Fortunately comparative data is available for a wide range of Australian businesses. If data is not available for your exact industry we are able to recommend a suitable alternative and highlight any areas that may be inaccurate due to the industry differential.
Edwards Irvine & Facius Pty Ltd can prepare a key financial comparisons report for you and help you understand what this means – and how to take advantage of it.