Today, we review several benefits of using KPIs in your business as well as several mistakes that business owners commonly make.

If you aren't using Key Performance Indicators in your business, you're missing out on great opportunities to learn about your business and how to accelerate growth. From better understanding your costs to knowing which activities are producing the best results, KPIs provide you with the performance metrics you need.

Timestamps:
00:00 Intro to Key Performance Indicators
00:25 Questions about your business
01:00 KPIs Defined
01:12 KPI Benefit No. 1 - Setting Goals
01:44 KPI Benefit No. 2 - Informed Decisions
02:23 KPI Benefit No. 3 - Track Value of Business
03:20 Downsides/Mistakes
03:24 Mistake No. 1 - Tracking Too Many
04:03 Mistake No. 2 - Not Aligning to Business Objective
04:35 Mistake No. 3 - Viewing Out of Context
05:13 Implementing KPIs in Your Business
06:30 Closing - Connect with Me

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