As a business owner, there are many different metrics and KPIs out there for you to follow that can give you insight into your company's current standings, along with assistance when it comes to future planning and goal setting. Understanding which of these metrics are important and what they mean is equally as important as being able to run them with your accounting system.
Your business's Key Performance Indicators (KPIs) are your tools for measuring and tracking progress in essential.
Your business development team can't act on metrics that they can't track. Key performance indicators need to be.
Gross profit is an important key performance indicator (KPI) to track, but so is the contribution margin. Many.
Among the hundreds of professional services companies we count as clients, we have figured out one thing that rings.