To put it simply, business metrics are countable measures you can use to monitor and assess whether your business is succeeding.
Data and numbers can seem daunting, but tracking metrics can give you great insight into your business performance.
Some examples of key business metrics include:
Monitoring business performance metrics is necessary for any small business to grow. Knowing what numeric values you are working towards can help you determine whether your business activities are working.
Business metrics give you a clear idea of whether you need to change your actions in order to improve outcomes. Define what you want to achieve and then track your metrics each day, week or month to ensure you’re on target.