You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
+44 20 7436 3343
At Butler+Co we can provide businesses in the London area with assistance and advice on a wide range of business issues. Here are ten reasons to benchmark your business...
More and more businesses are discovering the benefits of benchmarking and of developing a plan of best practice. Is it something that your business could consider?
In a nutshell, benchmarking involves measuring the performance of one's business against that of others in similar markets. It has been described as "the practice of being humble enough to admit that someone else is better at something, and wise enough to try and learn how to match and even surpass them at it."
A good benchmarking review will allow you to determine how well each aspect of your business is faring, discover areas where you need to improve, and develop a plan for achieving those improvements. Before you can decide where you are going, you need to know where you are now - and benchmarking can help you do this.
The Government-funded Small Business Service cites ten key reasons for implementing a benchmarking process for small businesses:
If you are in the London area and would like professional assistance from experienced accountants and business advisers, contact Butler+Co .
18 Sep 2019
Almost 10% of UK employees are not receiving payslips, while one in 20 are missing out on their legal holiday entitlement, according to think tank the Resolution Foundation.
27 Aug 2019
Analysing HMRC's controversial Loan Charge and its impacts.