Once you've searched for your industry on the Benchmarks tab, you'll see a results summary view that looks like the one below. In this view, you can see benchmark values for key profit, cash, and productivity metrics, as well as quick and current ratios. Looking across each table, it's easy to compare benchmarks values from other businesses similar to yours to your forecast and to your actual results.
From the metrics tables, you can click through for more detail about any of the metrics. When you hover over a metric on the overview, you'll see a blue bar and the option to Click for details:
When you click, a detailed view for that metric will open. You can use the left and right arrows to move through the detail views for each metric in the chart:
- The chart in this view shows how your actual results (from the Scoreboard) compare to the 3-year industry average, the 10-year industry average, and your forecast values.
- The bullet list below the chart summarizes how your value for the metric compares to the 3-year industry value, 10-year industry value, and your forecast values.
- The content in the right-hand column of the view tells you more about the metric you've chosen, including how LivePlan calculates the metric, whether a higher/lower number is better or worse, and what the metric means.
For detailed information about each of the metrics, read Benchmarks metrics available in LivePlan.