Part 3 of 4 - The Ghost of Numbers Present
Welcome to Part 3 of a four-part series where we dive into the ghost of numbers past, present, and future.
Today, we are talking about the numbers of your present - the KPIs of your business.
KPIs, or Key Performance Indicators, are:
- The short-term measures of specific actions that move your business forward.
- Measurements of the small decisions you make every day.
- Designed to help you quickly access whether you're on target to ultimately reach scale & profitability.
By learning what numbers matter in your business, you are able to make better decisions to move your business forward. KPIs are not without pitfalls. You need to track the relevant numbers for your business and be open to shifting based on your teams' actions and performance.
Resources mentioned in this episode
- Elizabeth Yin's Twitter thread on metrics
- Elizabeth Yin's Twitter thread on selecting the metrics that matter
Sponsor for this episode...
Finance-Ability is a boutique consulting firm dedicated to helping business owners and startups find their best options for growth funding. Founded by financial strategist and transaction expert Stephanie Sims, Finance-Ability can help any business owner identify the right funding partners and get through fundraising as painlessly as possible.
Visit their website to take their online assessment test to help you find out which kind of funding is the best fit for your business right now. They also have a ton of resources to help you understand business processes and financial decision-making that can help you start and build your own empire so be sure to check them out.
Stephanie has over 20 years of experience having worked with companies like Goldman Sachs and CSFB. If there’s anyone with their heart in the right place when it comes to championing the dreams of small business owners and startup companies, Stephanie is that person. Let Finance-Ability help you get the funding you need and deserve to get your dreams soaring high towards your own brand of success.