Business benchmarking tool?

Looking for a business benchmarking tool for a small practice

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Hi everyone,

I am looking for a business benchmarking tool so I can add some value to the advice I am providing clients, for example, typical gross profit margins, salary costs and debtor/creditor days by various different types of industry.

Is anyone aware of a good, value for money, solution?  A Google search didn't bear much fruit, unfortunately...

Many thanks.

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By WhichTyler
24th Apr 2017 16:44

Benchmarking small businesses is extremely tricky because
1. they don't have to publish much information and
2. what they do publish is distorted because they are either paying too much in salaries in order to use up wife's PA/basic rate band, make supporting idiot son a deductible expense, etc, while taking their own salary as dividends, use of holiday home as office, 'sponsoring' their daughters showjumping as marketing expense etc.

The best source of benchmarking information is ultimately your own clients...

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By marks
24th Apr 2017 21:42

AVN has a benchmarking software. But you need to be a member of AVN to get access to it or alternatively you can access it if you use IRIS.

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