Benchmarking and KPIs
Wages at 38% of revenue could be healthy or a serious problem. You can't tell until you know what similar businesses achieve.
What we do
We compare your results with industry benchmarks for gross margin, wages, overheads, net profit, debtor days and stock. Then we choose the measures that matter most to your business and track them every month. For a workshop that might be labour efficiency. For a café it's food cost and wages. For a freight company it's cost per kilometre.
What you receive
- A benchmark report showing where you sit against your industry
- The dollar value of each gap. If your wages run at 38% of revenue and similar businesses run at 33%, the gap on $1.2 million of revenue is $60,000 a year.
- A KPI dashboard updated monthly
Every plan includes a dashboard of 8 KPIs chosen for your industry. Virtual CFO adds more. A full benchmark review is part of the Financial Health Check or quoted as a fixed fee.
See the Essentials plan Book a free discovery callFennick & Rye Kitchen
Wages down from 41% to 36% of sales, worth $30,500 a year. On $610,000 of sales, each percentage point equals $6,100. Cutting the two loss-making shifts and rostering to peak trade took five points off.
Read the case study →Illustrative example. The business and figures are fictional.
Talk to us about your numbers
Book a free 30-minute discovery call. We'll look at where your business is now, where you want it to be, and whether one of our plans fits. You'll know the fixed fee before you commit to anything.
Or call Ian on 0438 802 531 · enquiries@firmgroundadvisory.com.au