Home > > Business General > Managing your business > Benchmarking: not just a large company concern
Benchmarking: not just a large company concern
It is not only large businesses that need to apply benchmarking techniques.
The expectations of the global consumer are such that businesses now have to compete on standards of service and price, regardless of their size.
Research has indicated that many companies are missing out on significant profit opportunities by not implementing best practices.
The Benchmark Index
The Benchmark Index, created by the UK's Small Business Service, allows you to compare your business against over 2,000 benchmark results.
Benchmarking can help to improve productivity and competitiveness, and can reveal new business opportunities.
If you think your business has room for improvement in performance and profitability you might start by completing the free online 'healthcheck'.
This will help you gauge the performance of your business in the areas of finance (including R&D and marketing expenditure, turnover, and loans), customer service, innovation and suppliers, and employees.
Visit www.benchmarkindex.com for more details.
Business General
- Latest updates
- Managing your business
- Your customers
- Sales and marketing
- Legislation
- Starting a business
- Your employees
- E-business and I.T.
- Exit planning
Managing your business
General
- How not to succeed in business
- How to stay competitive
- Is your business as healthy as it appears to be?
- Protect your goodwill
Operations and processes
Money, finance and cashflow
- Can you cut your interest payments?
- Improve your debt collections
- How to protect your business when your customers go under
- Finding the money to develop your business
- How would the euro affect your business?
- Alternative ways of extracting profit