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Part 2: Benchmarking report |
| The second part of the benchmarking
service provides a comparison of your business financial data, with that
of the aggregate data for the book shops sector from the FMRC Benchmarking
database. To enable a useful comparison against the benchmark data, booksellers
are requested to enter approximately 40 cells of business and financial
data provide into a spreadsheet. The data is commonly available from
the balance sheet and the profit and loss statement. The data includes:
number of business owners; shop trading hours and space; number of employees;
income; overheads; assets and liabilities. |
The financial data will be handled by a third party,
Australian Retail Services, and remains confidential between the parties.
A confidentiality agreement that individual data will not be disclosed
will be part of the service. The ABA will only be provided with summary
reports of aggregate data, that does not identify any individual members.
The benefit of this report to members is that it provides a snapshot of
their business and financial data, against the same categories of the benchmark
data. To assist relevancy and usefulness, the comparisons will be made
between bookshops of a similar size and turnover. For example, the report
will specify the net profit per working owner of your bookshop, compared
to the net profit per working owner of the benchmark data. Another example
is the report could identify that your bookshop is generating a below average
gross profit margin and calculates the profit gap. This gap represents
additional profit that could be realised by your business provided some
changes were made.
A fee will be applicable for this service to be launched in 2008.
If you would like to be contacted please send your details to
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