At the end of the day we all need just one thing...
Clear, Concise and Precise information that can facilitate management discussion and action, quickly.
How to set your KPI Target
Targets are not a static outcome. They should, as a matter of good business practice, be revised every three months. A 12-month target setting (though applicable for initial budget settings) can be unrealistic and serve as a disincentive.
Revisions of targets as an ongoing business practice ensure the current business and competitive environment are taken into account now. This will allow f
If you’re like most accountants and consultants who are conditioned to submit performance numbers using the historical accounting format, you might need to rethink how you present your data.
Granted the average professional can decipher these numbers with ease, but the presentation of these numbers to the untrained is akin to most of us looking at the fine print in legal documentation.
The Strategic Planning event, if done constructively, is always confronting, argumentative and need we say, political. Various processes take different approaches, but no matter which process you have used to tackle your direction setting you now have a list of Initiatives that need to be rolled out.
It is not unusual that the Initiatives list is extensive. As a general rule, it would be quite
Clearly, without tracking your efficiency, the results could be a little nasty.Knowing your efficiency will give you a good forward indicator as to your business practices.There could be many reasons for poor efficiency ranging from poor employee performance, poor job allocation, and poor quoting.
The sooner you know the number, the sooner you can action any poor result by asking the "
Is It Time to Scale Your Business? Here's How KPIs Can Help
Understanding your key numbers on a daily or weekly basis will keep your business in check and highlight problem areas and areas of opportunity.
As a business owner, there is no better time to make KPIs your ally than when you realize you must begin to scale up.