By Suzy Strutner, managing editor at Grow Wire
In short:
- Analyzing your company’s performance on financial KPIs can help you determine how you measure up to competitors.
- The chart below shows financial benchmarks for businesses across all industries so you can compare your financial prowess to others.
- If you'd like to improve your standing, it may be time to make some big-time decisions in your organization.
Defining your business’s level of success is tricky, especially from a numbers standpoint. How can you know whether your company is performing better than its competitors if you don’t know what’s happening behind their scenes?
The team behind Grow Wire routinely measures the financial health of media and entertainment companies worldwide with help from Finlistics (opens in new tab), a sales insights company. Their most recent research can help you analyze exactly how your business competes with others from a financials standpoint.
Take a look at your financials, then use the chart below to determine if you’re performing at a “Marginal,” “Competitive,” “Best In Class” or “Transformative” level.
If you want to improve your standing, then you may want to make some changes. Of course, reading stories on Grow Wire can help too.
