Hey fellow entrepreneurs,
I’m navigating the entrepreneurial journey and constantly fine-tuning my business strategies. I’m curious to learn from your experiences! Which business metrics do you find yourself consistently following, analyzing, and striving to improve?
Here are some that I keep a close eye on:
Revenue: The lifeblood of any business.
Profit Margins: Ensuring growth translates into sustainable profits.
Customer Acquisition Cost (CAC): Efficiency in marketing and sales efforts.
Customer Lifetime Value (CLV): Assessing long-term customer value.
Conversion Rates: Optimizing sales and marketing strategies.
Churn Rate: Retaining valuable customers.
Cash Flow: Keeping the wheels turning smoothly.
Inventory Turnover: Efficient management of inventory.
Return on Investment (ROI): Evaluating the effectiveness of various initiatives.
Employee Productivity: Ensuring the team operates optimally.
What metrics are your North Star indicators? Are there any specific metrics that proved game-changers for your business?
Cash.