Small Business KPIs: How to Develop Key Performance Indicators to Grow Your Business

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There is no way you can grow and manage a small business without understanding your KPI’s, which are key performance indicators.

It doesn’t matter if you’re a startup, growing small business, or major enterprise - if you do not know what KPIs are correlated to the success of your company, I can guarantee that you will eventually mismanage your business.

Sure, you may have a good product, the best sales people, or cool marketing tricks, but as you grow, I promise you that you will eventually have to face the underlying facts in your business.

And if you do not understand those facts, or even track them, you’re going to dig yourself into failure.

In this episode, I am going to give you some insight into what KPIs are, the importance of them, and the top KPIs to track for every business.

By the end of this episode, you will be empowered to start understanding your business, inside and out, so that you can make decisions to reach your fullest potential.

Outline:

Intro: (0:00)
What are Business KPIs?: (2:45)
Why are Business KPIs Important? (4:25)
How to Start Using KPIs: (6:20)
Most Common Business KPIs: (8:35)
How to Track KPIs: (14:20)
Recap: (17:00)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).