You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
The benefits of benchmarking.
At Aequitas we can provide businesses in the Pinner 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 Pinner area and would like professional assistance from experienced accountants and business advisers, contact Aequitas.
19 May 2025
A survey carried out by the Financial Conduct Authority (FCA) has found that one in ten individuals have no cash savings at all.
16 May 2025
Parents of 16 to 19-year-olds will receive reminders from HMRC to extend their Child Benefit claim by 31 August if their child is staying in education or training or payments will automatically stop.
15 May 2025
The UK's economy grew by more than expected in the first three months of the year, according to the latest data from the Office for National Statistics (ONS).
14 May 2025
British entrepreneurs are considering selling their businesses as a result of changes to tax policy and ongoing economic uncertainty.
13 May 2025
The number of employers expecting to increase staff numbers in the next three months has fallen to a record low outside of the pandemic, according to research from the Chartered Institute of Personnel and Development (CIPD).
12 May 2025
Almost 300,000 people filed their tax return in the first week of the new tax year, setting a new record, HMRC has revealed.
09 May 2025
The Bank of England has cut interest rates from 4.5% to 4.25%, the lowest rate since May 2023.
08 May 2025
HMRC has come under fire for delays in processing tax refunds.
If you feel our services and expertise could support your business or for individuals, please call us today to book a FREE consultation.
Aequitas Accountants Ltd, Elthorne Gate, 64 High Street, Pinner, Middlesex HA5 5QA
Please get in touch...