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Setting Successful KPIs

What are KPIs?

KPIs are Key Performance Indicators which are a set of quantifiable measurements used to gauge a company’s overall long-term performance.

There are 5 Key Performance Indicators.

Revenue growth.
Revenue per client.
Profit margin.
Client retention rate.
Customer satisfaction.

KPIs can be for a business, manager, employee, financial, productivity, and marketing, and used in all areas of a business and managing of a team.

There are 5 Important characteristics to be effective

Monitor Company Health
Measure Progress
Make adjustments and stay on track
Problem-solve and tackle opportunities
To analyse patterns over time

KPIs are important because they help you understand the performance of your business. It is in decline or is it a profitable business?

One common mistake companies make is that when they first start measuring their KPIs, they try to measure too much.

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Blog

Setting Successful KPIs

What are KPIs?

There are 5 Key Performance Indicators.

There are 5 Important characteristics to be effective

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