Richard Millington - Indispensable Consulting

Richard Millington - Indispensable Consulting

Why You Should Create Your Own Industry Benchmarks

One way to emerge from the shadows to the forefront of your industry is to help establish the standards for it.

Richard Millington's avatar
Richard Millington
Sep 12, 2023
∙ Paid

Welcome to my newsletter. Please subscribe to my newsletter and browse my most popular articles.

One of the most powerful things a consultant can do in any niche is set the standards for it.

One powerful advantage of being an independent consultant is that you have the time and flexibility to really study what’s happening and start pulling together a detailed set of best practices.

If you’re smart, you can turn these best practices into benchmarks and turn these benchmarks into an industry index which will put you at the forefront of your niche.

Why Benchmarks and Indexes Are So Alluring?

Having benchmarks to compare different organisations against one another is incredibly powerful.

Almost every organisation wants to know how they compare to one another. Benchmarks enable organisations to track progress and improvement over time. If they are independently evaluated and can show improvement, that’s very useful for them internally.

For another, doing better than the competition is a pow…

User's avatar

Continue reading this post for free, courtesy of Richard Millington.

Or purchase a paid subscription.
© 2026 Richard Millington · Privacy ∙ Terms ∙ Collection notice
Start your SubstackGet the app
Substack is the home for great culture