South Texas Business SUCCESS Spotlight of the Week
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Nature Connected Coaching
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Your Personalized KPI Dashboard
"If you can't measure it, you can't improve it"
-Peter Drucker
Can you pull, view and measure your KPI's this easily and this detailed?
In the world of business, KPI's are the heartbeat. If you don't have your finger on the pulse, how can you know your business is alive and well?
Can you answer these questions about your business in 10 seconds or less?
Would you like to be able to?
If you are not currently measuring KPIs in your business, how do you know the truth? Is your business truly growing?
What is your average dollar sale?
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Is your business profitable? What is your profit margin?
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Where are your customers coming from? Are your marketing dollars giving you a viable ROI?
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What day of the week is normally your highest in sales?
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What is your conversion rate? What is your conversation rate by employee? Are they currently trending to beat previous numbers?
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Are your number of transactions trending in the positive or negative?
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How many referrals did you have last month?
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How much of your current customer base is returning?
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Plus so many more...
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The number of KPIs that you should be tracking in your business varies depending on the industry, the number of employees you have, plus many other factors to consider.
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But, the one thing that remains consistent... if you do not measure it, you cannot grow it.
6 Benefits of Measuring KPI's in Your Business
IMPROVE EMPLOYEE MORAL
Setting KPIs for individuals can drastically boost morale, create accountability and improve overall performance.
HELP TO MAKE DECISIONS
KPIs provide data-driven insights that serve as a basis for making decisions that are rooted in evidence rather than just intuition or gut feeling.
CLOSE LEARNING GAPS
When employees consistently fall short of KPI targets, it may indicate gaps in their skills or knowledge. Reporting highlights these deficiencies, making them evident to both employees and management.
DETECT PATTERNS
KPIs often allow for comparisons between different time periods allowing you to compare current performance with past performance to identify improvements, declines, or cyclic patterns.
MEASURE PERFORMANCE
They offer a clear understanding of whether a business is moving in the right direction or if adjustments are needed.
HELP SET GOALS AND PLANS
To reach your overall business objectives, you need to set a target and aim towards it. KPIs provide a way to quantify goals.
Are you ready to start making
data driven decisions
in your business?
Why not take the first step today? Schedule a call with me and let's explore how we can work together to make your business dreams a reality.
