What are KPI’s? And how can they help my business?

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.