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Benchmarking Reports

Introduction
Do you know if your business is performing better, worse or on par with others in your industry. 
Benchmarking is one way to measure your business performance.

A benchmark report will typically reveal average revenues and cost in terms of a percent of revenue.  From this you can determine typical profit levels, wages, cost of goods to income and overheads along with other important ratios.

Benchmarking Sources
Don't rely on one source of data and consider the quality of the data. If your business is supported by an industry association they will most likely have benchmarking and industry profile data for it's members. Some banks supply a basic list of industry benchmarking reports along with a number of private organisations.

Sources include:
Industry Associations
Local Councils - Profile.id.com.au
IBISworld (Private)
FRMC Benchmarking (Private)
Australian Tax Office Benchmark Data (Free)
ANZ Bank (Free)
Australian Bureau of Statistics

Reviewing your industry
The folder below offers benchmarking (File Name Ends "BM") with and associated industry profile reports for your download and use. Most are dated 2010 so some consideration around CPI needs to be included. More current version can be purchased online at FRMC Benchmarking. (Est cost $600)

Benchmarking Reports