When I work with business owners, the subject of performance (or lack of) tracking often comes up. KPI’s stands for “Key Performance Indicators”. In simple terms, KPI’s are a means to measure the success of your business and the initiatives you implement within your business.
Examples of KPI’s are Sales, Profits, Employee Retention, Retained Earnings, Cash, New Customers/Clients to name a few. Click here for a comprehensive list of KPI’s to choose start from.
KPI’s are best used when a set of objectives and goals are defined in accordance with the business’s Vision and Mission Statements.
At Knownleader the definition of your business’s Vision/Mission statements are a starting point to improving your business performance.