Compare your ECE business against the Industry and your Competitors.

How do you rate against your competitors?

Educating and caring for young people is a competitive market where generally only the best 20% of ECE business are profitable whilst the remaining business owners struggle to breakeven and lose money.

So how do you as an ECE business owner ensure you are in the top 20% of businesses, or even better how do you get to be in the elite band of ECE business making superior returns compared to your competitors in the market?

Benchmarking your business against the market to see where you are weak and where you are strong is a vital tool to enable you as a business owner to direct your valuable management time to get to the high-performance group.

As a business owner you will have endless issues to attend to each day, but how do you get clarity of purpose and focus your valuable time into areas that are going to make your business better and drive profitability and success of your business.

One of the key tools to do this is regular monthly Benchmarking.

Modern software such as XERO and DISCOVER allow ECE business data to be to be presented in a manner that allows quick efficient benchmarking against your competitors to see where we are doing well and where we have room for improvement.

These processes can be automated, and process driven and produced without significant extra work and cost once reporting templates have been established.

Using benchmarking unlocks strategic insight into the keys areas to focus to drive profitability, cashflow and long-term success as an Early Childhood Educator.

Real Time Accounting as an Early Childcare Education experts have developed a team that can build a reporting template for business owners to use as a strategic tool in managing and driving the performance of your business.

As XERO experts we have a team of talented Xero certified advisors who are passionate about DISCOVER software. Our team can work with you to develop a benchmarking reporting tool that you can use every month.

If you would like us to build a benchmarking reporting template for you contact us now and we will arrange for an advisor to discuss the process with you.

The Early Childcare Education is a tough competitive market where being a leader in your market is key. Getting there using smart analysis available through benchmarking is essential.

Contact us now to get your structured benchmarking process underway.

To hear from one of our experts on setting up your own personalised benchmarking report on a no cost no obligation basis enter your contact details below.