Friday 13 November 2009

Your special industry number: Every industry has at least one.

Your special industry number

Every industry has at least one. Here are some examples:

Restaurants: covers per night, wastage.
Services: staff utilisation rates.
Hotels: occupancy rates.
Builders: work in progress, progress payments due.
Retail: sales per metre of floor space.

Knowing the benchmark indicators for your industry can help you compare yourself with your peers, measure your business’s success, and identify any problems.


http://www.commbank.com.au/business/betterbusiness/growing-a-business/five-numbers/default.aspx

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