Are You Leaving Your Businesses Success To Chance? Here are The Numbers To Know
Are you leaving your business to chance? Literally grabbing whatever you can get when it comes to you, or do you have a solid strategy, a plan of attack each month?
Using KPI’s (Key performance indicators) allows you to effectively track and evaluate your success over different metrics.
A key performance indicator is a type of performance measurement. KPIs evaluate the success of an organisation or of a particular activity in which it engages
Unfortunately, most businesses leave their business to chance, especially for the self-employed/smaller SME market, In the UK, self-employment has risen rapidly over the last two decades, the number of self-employed workers has increased from 3.3 million in 2001 to 4.8 million in 2017, (according to the Office for National Statistics – ONS).
We are driven when we have something visual to challenge us, so start by creating weekly and monthly KPI’s for your business.
Good areas to track are:
1. Financial Target – How much money do you want to earn this week/month
2. New Leads Created
3. Networking Events Attended
4. Referrals Asked For
5. Partnership Opportunities Created
6. Testimonials/Case Studies Received
7. New Email Signups
8. Social Media Community Growth
9. 1:1 Meetings Arranged/Attended
10. No. Of Email Campaigns Sent/Created
These are just a few basic examples of effective KPI’s you should be tracking in your business on a weekly and monthly basis, once you start to master these metrics you can start to add conversion metrics into the mix.
Don’t leave your businesses success to chance, plan thoroughly and effectively. Make each day count and take massive steps forward in a determined direction. Through clarity comes power, and when this power is executed with determination and purpose the results are incredible.
Start today, create a simple spreadsheet, something like the one in this blog post, write down what you want to achieve over the period of a week and the month, then create a second column to measure the results, the actual.
Have fun, enjoy and keep pushing, keep improving.