The opal is the traditional birthstone of people born in October, however it likewise has been considered that wearing your opal birthstone actually shields you from any bad luck that it carries. It is unlucky to wear an opal if it is not your birthstone.įact. There is nothing to prove that unfortunate things happen to those who wear opals – some people just have over-suspicious imaginations! While not supernatural, the mysterious opal is certainly a stone to be revered and wondered at. In any case, the opal's reputation of carrying good or bad luck has ranged to both extremes over time. It was also considered that receiving an opal as a gift would cancel out any bad luck that it carried. Amazingly, this myth started by book critics so long ago still exists today. This dramatically reduced the value of opal at the time. Critics of his novel conjured up the idea that opal could have an evil influence due to some of the heroin's misfortunes. In his novel he used an opal to reflect the changing fortunes of the heroin. This rumor may have originated around the mid 1800's, when Sir Walter Scott published a novel called Anne of Geierstein. Come on by and see our wonderful selection of loose opal stones as well as our large selection of loose assorted semi- precious and precious gemstones. Below are some of the myths and facts that surround this gorgeous stone. Opals, in addition to being extremely beautiful and unique, have a rich history and lots of myths. Your league table will provide interesting reading and a catalyst to seeing where performance has improved and where it has dropped off.Benchmark Jewelry specializes in opals,opal cutting and polishing. Which year has been your best performer, Covid impact aside? Is this the same year that performed best on gross profit margin? If not, it may show the impact of expenses increasing or decreasing, and it may be time to focus on this area of performance. A growing business has a constantly improving bottom line. Rank your performance year by year and see which year tops the table on this statistic.
Ideally, your wage bill should be consistent relative to sales achieved. What is your cost of employees relative to sales achieved? Again, take Covid impacts out of the mix.
How does this look when comparing each year? Does the “league table” for departments change each season? If so, why? Have some of your departments lost their impact on your overall sales performance? What are your top-selling departments? A review of each year will enable you to see which departments have been the greatest contributors to sales. A healthy growth in GP will allow you to weather the impact of adverse events on your business and build a more profitable future. This is gross profit represented as a percentage of sales. Have your numbers been growing year on year? Take out the impact of Covid by disregarding this period if it has severely impacted your trading days. How have these trended? A healthy business shows a steady trend of growth in sales, ideally in excess of the rate of inflation. Set up a spreadsheet and rank the performance by year across each of the categories listed below. To do this, grab your printouts for the last five years (YTD by department) along with your financial statements for the equivalent period. After all, there is no clearer evidence of what can be done than from those who are already doing it! Often the issue with this is finding a business that has enough similarities to yours to make comparisons relative there is no point in a business heavily dependent on repairs looking at a larger store that specializes in diamonds if there is little overlap in similarities.įortunately, it’s easy to find a business that has exactly the same relevant statistics, product lines, even customers as yours – of course I’m referring to self-comparison against past performance. ONE OF THE most effective ways of benchmarking your performance is to compare it to other performances achieved.
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