By Suzy Strutner, managing editor at Grow Wire
In short:
- Measuring financial KPIs is a helpful way to track your retail company’s overall health.
- The below chart shows industry benchmarks so you can compare your company’s performance to others.
- If you’re looking to improve, then it may be time to make some changes in your organization.
Defining your company’s level of success(opens in new tab) can be a murky process, especially in the early days of your enterprise.
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.
