ENTREPRENEURSHIP

Detailed explanation-1: -Try not to have too many KPIs: the optimum number for most areas of a business is between four and 10. Just make sure that you have enough to measure how your team or organization is performing against your key objectives.

Detailed explanation-2: -In fact, return on investment and profitability really boil down to three key metrics: the cost of website traffic, conversion rates and average order value.

Detailed explanation-3: -Metrics, also known as key performance indicators or KPIs, allow you to track the growth and performance of a business. This information is vital because it enables you to monitor the company’s progress toward its goals as well as spot and address potential issues before they arise.

Detailed explanation-4: -With Business Model Metrics you can select measurable performance indicators in four categories: service quality, customer satisfaction, online potential and financial viability. Measuring and monitoring these indicators helps you to understand how your business is doing and if you need to make adjustments.