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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.

Benchmarking: not just a large company concern

The Benchmark Index

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Our Services Business News Business Forum Personal Advisor Tax Centre IR35 Centre Online Services	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 Get results through outsourcing Benchmarking: not just a large company concern 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 Growing your business The right kind of growth The dangers of overtrading Small can be beautiful Dealing with fraud Identify and prevent fraud in your business The most common fraud risk factors What to do when you suspect employee fraud Protect your business against identity fraud