Track and analyze key performance indicators from "summary" of Small Business Ideas by Terry Kyle
The concept of tracking and analyzing key performance indicators is crucial for the success of a small business. Key performance indicators, or KPIs, are specific metrics that help business owners assess the performance of their company in various areas. By tracking and analyzing these KPIs, business owners can gain valuable insights into how well their business is performing and identify areas for improvement. Tracking KPIs involves regularly monitoring specific metrics such as sales revenue, customer acquisition costs, and customer retention rates. This allows business owners to keep track of their progress towards their goals and make informed de...
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