One way to measure your business is by gauging your company’s success based on year-over-year gains and losses. But do you know how you stack up to the rest of your industry or other businesses with a similar profile? The business advisors at HBK CPAs & Consultants will help you measure your performance through financial benchmarking and other performance management metrics.
We use our proprietary database to benchmark your business against hundreds of similarly sized companies in your NAICS code. Following the analysis, you’ll have a much clearer idea of where your business is excelling financially and – more importantly – where you can make improvements key to your growth and profitability.
Comparing your finances to other businesses includes a review of a variety of financial data, such as:
- Gross and net profits
- Operating costs
- Sales and profitability practices and trends
- Employee costs, per employee and overall
- Revenue per employee
- Ratio of revenue to fixed assets
- Marketing costs compared to total revenue
Speak to one of our professionals about your organizational needs
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