06 Sep KPIs: What would make your business canary fall off its perch?
Why would any business owner only look back at their business’s previous results?
What happens if you start measuring the actions your business takes to ensure a successful future for your business?
Canaries ensured the survival of miners in the last century…if the canary stopped singing the miners knew to get out fast as the air quality was poor.
So how about using canary-like KPIs for your business?
If you measure what matters most to your customers, these measurements – your Key Predictive Indicators – will become your business canary…
If you and your business act fast when these Key Predictive Indicators (KPIs) change, then you and your business are more likely to survive.
If you act and adapt to what these Key Predictive Indicators are telling you, your business success is more than likely also.
Keep a short and simple Business One Page Plan for your business. Record the Key Predictive Indicators that matter to your customers AS WELL AS your cost, sales and marketing measurements – Key Performance Indicators.
Keep all your numbers on one page and track them EVERY month (at least) so that nothing is lost or missed.
If you want any help on nailing down your business KPIs in this way please get in touch and I’ll be happy to help.
Or click here to download the report to learn how you can create your own Business One Page Plan of Key Predictive Indicators (KPIs) for your business and ensure your business canary remains on its perch.