Sometimes opinions just aren’t enough. To truly understand the status of your company at any given moment, you need hard data.
Perhaps you’ve heard the old saying that what gets measured gets managed. Seeking out data is always the first step in improving a process. Therefore tracking the right numbers for your company is a very important task.
Your leadership team should zero in on somewhere between 5 and 15 metrics to track regularly. With these numbers in hand, the entire company, including every employee, will better understand the company’s goals. By tracking data, everyone will know if they are doing a good job—and if they’re not, they’ll know just where to improve.
You need a process for your business that is clearly and constantly refined. Learn which metrics to rely on as you gain Traction with your business in our latest Instaread.