What you measure, grows, yet I see many entrepreneurs not keeping track of their most important numbers. Let's talk about the metrics you need to be focusing on!
Tracking business metrics related to your current and past performance helps because in order to improve current performance you need to understand the numbers.
Businesses often have a good handle on how sales are going, but expenses can easily creep higher and before you know it, your profitable venture isn’t so profitable anymore.
The first step is to know which metrics can best help you gauge performance. It’s easy to get bogged down by focusing on too many metrics or distracted by focusing on metrics that have minimal impact to your bottom line.
Let's evaluate some key metrics!