Ah yes, key performance indicators! These are essential to allow you to keep track of how well your business is doing and what areas can be improved on. Once you have your goals for your business such as improve profits by 15%, you can set your KPIs to help measure how close you come to reaching them. Some businesses choose to track KPIs with computer applications, others by reviewing financial progress. To monitor KPIs, make them specific, break them down and much as possible and make sure they are easily measured. Another tip is to review and revise KPIs as your business evolves.
