30 Business Metrics to Track
Do you know how your business is performing?
How do you know if your marketing efforts are paying off?
Whether you are a small business owner or a large business, it is very important to track business metrics that aligns with your business goals
Tracking both offline & online metrics will help you to make informed decisions.
It helps you to understand what is working & what is not working and what to focus on as a business owner
The world has changed since 2020.?
More than half the world population is on the internet.
The way people work has changed, the way we live has changed, the way we do shopping has changed.
The Internet & being online has changed people’s behaviour in everything they do.
It has changed the way we interact. The way we shop.
World has become digital in a short span of time.?
Most traditional businesses have moved online and few are working on to move online to follow the trend
Since customers are spending more & more time online, businesses have to be at the place where their potential customers are.
As a business owner whether your presence is online or offline or both, it is critical to track how your business is performing
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Remember every business is different & what metrics you track differs from industry to industry
The business metrics you track also depends on what is important to you & your business.
Today we share both offline & online business metrics that can help your business to understand your customers & overall business performance
Metrics play a crucial role in helping small businesses measure their performance and make informed decisions.?
These metrics can be broadly categorised into offline and online metrics.
Many businesses use ratio analysis to monitor their financial health
In present day, financial ratios are important tool for business & investors?
These important ratios can be used not only to study your own business but also other businesses in the industry
It is a great way to monitor & analyse the health of your business to support the growth of your company
It also tells you how you stack against your competition.
Don't worry we are here to help you with some of the business metrics that you can keep a track to better understand both your business & customers
But the big question is what to track?