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We offer a range of high quality accounting, financial and business services in and around Milton Keynes.
At B2B Business Advisors Limited we can provide businesses in the Milton Keynes 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 Milton Keynes area and would like professional assistance from experienced accountants and business advisers, contact B2B Business Advisors Limited.
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Keep up to date on the latest from the world of business and tax with our daily news stories.
18 Sep 2019
Almost 10% of UK employees are not receiving payslips, while one in 20 are missing out on their legal holiday entitlement, according to think tank the Resolution Foundation.
17 Sep 2019
The Institute of Chartered Accountants in England and Wales (ICAEW) has downgraded its growth forecast for the UK economy as a result of continuing Brexit uncertainty, falling business investment and declining output.
16 Sep 2019
The Institute of Directors (IoD) has urged the government and the EU to 'compromise and chart a way forward' on Brexit, following the publication of research that shows that UK businesses are facing an 'impossible situation' regarding planning.
13 Sep 2019
The UK's tax system should be overhauled to bring rates on wealth and assets into line with those on income, according to a report from the Institute for Public Policy Research (IPPR).