Hero metrics 🦸🏻♀️
Flying blind on Finance will kill your business.
Here are some signs that you might be in serious trouble:
You don’t know how much your business is costing you
You don’t know how much money your product should be making
You don’t understand why profits are declining
You don’t know if you can afford to hire someone
You don’t know how much cash will be in the bank next month
You don’t have a plan for surviving the year
What if ONE new business concept could turn this whole thing around?
Enter ✨Hero Metrics✨:
aka. 5-10 KPIs that encapsulate what it takes for your business to succeed.
Suddenly, with one glance at a dashboard:
↘ You know exactly where you are, where to go, and how to get there
↘ You see when something in your business is off and know how to fix it
↘ You have a clear picture of the future and can plan well in advance
All it takes is knowing which 5-10 numbers will do it for YOUR business.
How do you identify your Hero Metrics?
They should be key drivers of the business - they fundamentally describe how the business wins and loses money
They define your current goals
Stakeholders can impact them directly
Their data is readily available, trustworthy, and reportable on at least a monthly basis
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