Benchmarking
Anyone know any good sources to look at benchmarks, i.e. is my labor % comparable to our indusytry, etc. Basically looking for good industry stats to compare my financials against....Thanks for any help.
Replies to This Discussion
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Permalink Reply by Barat Smith on
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Labor+Cost of Goods=60% or below. I've heard that as an industry standard. Obviously if your COGs is lower your labor will be higher (ie. making things from scratch) and if your COGs is higher your labor should be lower (ie. more prepackaged items).
Anything higher than 60% and you're flirting with a danger zone in my opinion. -
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