Last Updated Apr 22, 2010 4:31 PM EDT
Greg Chapman, Director of Empower Solutions, explains more about these benchmarks in today's BTalk, and suggests what a small business can do with this information.
Here's an example:
A typical florist with a turnover up to $300,000 would have the following outgoings as a percentage of total turnover:
- Cost of goods 45 - 57 percent
- Labour costs 0 - 8 percent
- Rent 8 - 14 percent
View the industry benchmarks here.