Key performance indicators (KPIs) allow you to keep track of how well your business is doing and what areas can be improved on. Once you have established goals for your business, you can set your KPIs to help measure how close you come to reaching them. Some businesses 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.
