Your success is the sum total of all the decisions you make! To make good decisions, you need good data. That’s a given, right? But what data should you be looking at?
Today, companies have an untold number of Key Performance Indicators (KPIs) to choose from. Our technology and data collection methods often give us too much information. The key question is what numbers or KPIs really help us make the best decisions about our businesses?
I recommend three metrics that will give you insight into your current operations and help you do profit forecasting. Put a priority on these three numbers, and you will be well on your way to better decision-making. The beauty of these three metrics is that they apply universally.