Performance Indicators

By: A Staff Writer

Updated on: Oct 23, 2024

Are Your Metrics Working for YOU?

Too much data is just as bad as none. Focus on the KPIs that truly matter.

• Goals First, Metrics Second: What do you want to achieve, NOW work backwards to measure it.
• Vanity vs. Actionable: “Likes” are nice, but do they translate into sales or customer retention?
• Leading & Lagging: Track indicators that predict success (or trouble) to act proactively, not reactively.
• Simple is Sustainable: Complex spreadsheets get abandoned. Visual dashboards keep things top of mind.
• Benchmarking is Brilliant: How do you measure up to competitors? (anonymously of course!).
• Context is King: Metrics alone are meaningless. Always be asking ‘why’ the numbers move.

The right KPIs are your business’s early warning system and your roadmap to achieving goals.