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Benchmark Data

LivePlan can provide you with benchmark data for your industry (or for all industries). Share some data from the industry benchmark comparison from your business plan:

Step 1

• Industry name and NAICS code, region and company size that you used as the benchmark comparison

Step 2

• Choose 2-3 benchmark metrics and report the data, your forecast, and the variance
• Provide an explanation as to why you think your forecast may vary from the benchmark. This will require that you look closely at the part of your forecast from which the data was derived.

My business is a Tea Lounge called "WE and TEA" and the competency I found on liveplan is Coffee and Tea Manufacturing (NAICS 311920)

PROFIT METRICS?	BENCHMARK	YOUR FORECAST	VS BENCHMARK	YOUR RESULTS	VS BENCHMARK
Gross margin	44%	No Data	--%	No Data	--%
Operating margin	4%	No Data	--%	No Data	--%
Net profit margin	2%	No Data	--%	No Data	--%

This information will appear after you start your forecast.

Go to Forecast

This information will appear after you connect to your accounting solution or enter your actual results manually.

Go to Dashboard

PRODUCTIVITY METRICS?	BENCHMARK	YOUR FORECAST	VS BENCHMARK	YOUR RESULTS	VS BENCHMARK
Monthly revenue per employee	No Data	No Data	--%	? N/A	N/A
Monthly net profit per employee	No Data	No Data	--%	? N/A	N/A

This information will appear after you start your forecast.

This information will appear after you provide your actual results.

SPENDING METRICS?	BENCHMARK	YOUR FORECAST	VS BENCHMARK	YOUR RESULTS	VS BENCHMARK
Revenue spent on rent	5%	No Data	--%	No Data	--%
Revenue spent on marketing	1%	No Data	--%	No Data	--%
Revenue spent on payroll	18%	No Data	--%	No Data	--%

This information will appear after you start your forecast.

This information will appear after you provide your actual results.

OTHER METRICS?	BENCHMARK	YOUR FORECAST	VS BENCHMARK	YOUR RESULTS	VS BENCHMARK
Current ratio	2.8	No Data	--%	No Data	--%

This information will appear after you start your forecast.

This information will appear after you provide your actual results.

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