To put it simply, business metrics are countable measures you can use to monitor and assess whether your business is succeeding or not.
Data and numbers can be daunting, but knowing what metrics to track 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 you are working towards can help you determine whether your activities are working or not.
Business metrics give you a clear idea of whether you need to change your processes in order to improve outcomes. Define what you want to achieve and then track each day, week or month to ensure you’re on target.