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@paishtooth /paishtooth /paish-tooth Benchmarking and Profit Improvement Paul Cox Accounts & Audit Manager Paish Tooth Limited.

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Presentation on theme: "@paishtooth /paishtooth /paish-tooth Benchmarking and Profit Improvement Paul Cox Accounts & Audit Manager Paish Tooth Limited."— Presentation transcript:

1 @paishtooth /paishtooth /paish-tooth Benchmarking and Profit Improvement www.paishtooth.co.uk Paul Cox Accounts & Audit Manager Paish Tooth Limited

2 Benchmarking and Profit Improvement www.paishtooth.co.uk What is benchmarking? “A measurement of the quality of an organisation’s performance, policies, products, programs and strategies and their comparison with standard measurements or those of its competitors.” How do you compare? How does your business compare against your competitors? What are your strengths and weaknesses? Highlight areas to improve future performance What we can offer: Real-time industry averages and accurate trends Benchmarking against businesses of your size in the UK Comprehensive narrative report of results @paishtooth /paishtooth /paish-tooth

3 Benchmarking and Profit Improvement www.paishtooth.co.uk The Narrative Report front page gives you easy to understand graphics showing how you are currently performing in 6 key areas. @paishtooth /paishtooth /paish-tooth

4 Benchmarking and Profit Improvement www.paishtooth.co.uk Detailed narrative is automatically produced and tailored depending on your figures, to explain your score and to give useful pointers for improvements. @paishtooth /paishtooth /paish-tooth

5 Benchmarking and Profit Improvement www.paishtooth.co.uk Graphs are produced to show the result of each key formula in each area, showing the last 2 periods of data and the industry benchmark to aid understanding of the results. @paishtooth /paishtooth /paish-tooth

6 Benchmarking and Profit Improvement www.paishtooth.co.uk The Industry Scorecard shows your score against the industry range and highlights how far above or below the industry average you are. @paishtooth /paishtooth /paish-tooth

7 Benchmarking and Profit Improvement www.paishtooth.co.uk How to use the results: Improve systems to provide a more efficient service Produce a training manual so staff know what is expected of them Set yourself “SMART” goals Specific Measureable Achievable Realistic Timely Create a plan of action Market your business and focus on its unique selling point (USP) Benchmark again after making the changes to see how you compare now! @paishtooth /paishtooth /paish-tooth

8 @paishtooth /paishtooth /paish-tooth Get in touch! www.paishtooth.co.uk Paish Tooth is conveniently based in Cheltenham town centre, a short stroll from the High Street, plus we have client car parking available. Please give us a call if you would like to arrange a meeting with one of the team – we’d love to hear from you! Paish Tooth Ltd 35 Rodney Road Cheltenham GL50 1HX Tel: (01242) 584050 Email: info@paishtooth.co.uk Download our free mobile app The Paish Tooth app will keep you on top of the latest news and tax changes, and is packed with useful tools including calculators, tax tables, financial dates, a receipt manager and mileage tracker.


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