Small Business KPIs: How to Develop Key Performance Indicators to Grow Your Business

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  • เผยแพร่เมื่อ 7 ก.พ. 2025

ความคิดเห็น • 53

  • @robswan5765
    @robswan5765 3 ปีที่แล้ว +6

    Best business management/KPI introduction and explanation I've seen/heard... ever! I think.
    NIce one guys :)

  • @KeranSmith
    @KeranSmith 4 ปีที่แล้ว +8

    The most common KPI section was super enlightening.

  • @khalilthomas3169
    @khalilthomas3169 3 ปีที่แล้ว +1

    I'm here everyday. There is NOOOOO way that I won't be successful. Thank you all again for this information!! And yes, I am telling everyone that I know about all the wonderful information you have to offer!!

    • @LYFEAccounting
      @LYFEAccounting  3 ปีที่แล้ว +1

      Thank you so much for saying that. We’re rooting for you, do big things!!

    • @khalilthomas3169
      @khalilthomas3169 3 ปีที่แล้ว

      @@LYFEAccounting I will definitely keep you all posted as I begin this journey!!

  • @b.taylor.d
    @b.taylor.d 4 ปีที่แล้ว +19

    This video was SOOOO informative !!! The explanations are easy to understand with simple terms & I love the editing strategies as well to keep us engaged, this video was far from boring and easy to follow with the points being displayed on screen! Great video

    • @LYFEAccounting
      @LYFEAccounting  4 ปีที่แล้ว +3

      So glad! Thanks for your feedback!

    • @DanielOrtega-tc4xn
      @DanielOrtega-tc4xn 3 ปีที่แล้ว +2

      Completely agree with you! Great video.

  • @jasmincastillo2162
    @jasmincastillo2162 2 ปีที่แล้ว +1

    Thank you for this. I watched a few of the videos you uploaded to TH-cam, saved in a folder and will be watching more. I've been doing good so far but I want to learn and grow more as well. Might have to pick your brain in the near future.

  • @mommonald224
    @mommonald224 3 ปีที่แล้ว +5

    I LOVE your video series so much! It’s helping me immensely as I try to build structure into a 10-year-old business that had almost no foundation. I’m not an accountant and I hate numbers, but I’m trying. Thank you for the help!!

  • @victorpinasarnault9135
    @victorpinasarnault9135 3 ปีที่แล้ว +2

    Man, your video was just what I need for my project.
    Liked and subscribed.
    Thank you!

    • @coachcatfit
      @coachcatfit 6 หลายเดือนก่อน

      Literally I just did the same

  • @seanstandberry4082
    @seanstandberry4082 4 ปีที่แล้ว +4

    Love it! The more data you have, the better your chances are for improvement.

  • @shayrich7783
    @shayrich7783 3 ปีที่แล้ว +1

    We can't thank you enough for the info in this video- game changer!

  • @LilianCarlaSobral
    @LilianCarlaSobral 2 ปีที่แล้ว

    The best video I found about KPI’s for beginners

  • @richardbailey511
    @richardbailey511 3 ปีที่แล้ว +1

    Advice on a scale of 10 Sherm
    ..Bravo

  • @michaelmamitesarmecin5137
    @michaelmamitesarmecin5137 10 หลายเดือนก่อน +1

    Great video brother

  • @tiktokbalkan2348
    @tiktokbalkan2348 2 ปีที่แล้ว +2

    Core Types of KPI Mentioned:
    1. Customer Acquisition
    a) Customer lifetime value
    b) Return on AD spent
    c) Website / store traffic
    d) Conversion rate
    2. Liquidity
    a) Cash Flow
    b) Burn Rate
    3. Profitability

  • @90infector1
    @90infector1 3 ปีที่แล้ว +2

    Much needed. Thank you for doing this. Very simple and easy to understand and start implementing.

  • @viniciuseleuterio8259
    @viniciuseleuterio8259 2 ปีที่แล้ว

    Thank you for this class so rewaeding and explanatory.

  • @mwilabwalya8832
    @mwilabwalya8832 ปีที่แล้ว

    Brilliant information given me confidence to pursue my business

  • @bmejia220
    @bmejia220 2 ปีที่แล้ว

    Great video! So informative!!

  • @DeniseLWrightHiers
    @DeniseLWrightHiers 2 ปีที่แล้ว

    Excellent information, especially since I am a first time ( Start-Up ) business owner

  • @sheizion2647
    @sheizion2647 3 ปีที่แล้ว +1

    Wow great content. Now I understand KPIs :)

  • @nursecampbell03
    @nursecampbell03 2 ปีที่แล้ว +1

    Hey this video was very helpful
    Can you do a video on how to hire employees the process or the steps like step 1post job step 2 get credentials step 3 schedule interview step 4 interview the candidate step 5 run background check and drug test step 6 orientation step 7 on job training before leaving them alone step 8 set up in company software and payroll systems step 9 follow up KPIs on how candidates are doing example?

  • @florusservicescompany8245
    @florusservicescompany8245 3 ปีที่แล้ว +1

    This video was so informative and helpful! Great explanations that were detailed yet very easy to understand. I'll be applying what I learned asap!!!

  • @dekebell3307
    @dekebell3307 ปีที่แล้ว

    GREAT video, thank you sir!

  • @lisaclarke5448
    @lisaclarke5448 2 ปีที่แล้ว

    Thank You so much that was so helpful.

  • @ButImSerious
    @ButImSerious 3 ปีที่แล้ว

    You put it plainly in a way I can understand. Thank you!

    • @LYFEAccounting
      @LYFEAccounting  3 ปีที่แล้ว

      My pleasure. Thanks for supporting the channel.

  • @thelastgreatpoet5219
    @thelastgreatpoet5219 3 ปีที่แล้ว +1

    Dope channel very helpful keep it up

  • @temtop893
    @temtop893 ปีที่แล้ว

    Thank you, this is very helpful

  • @ManuelSoberanes
    @ManuelSoberanes 10 หลายเดือนก่อน

    Excellent!

  • @Jerzius
    @Jerzius ปีที่แล้ว

    Would cost per employee be a good ome? How would one measure this in relation to revenue and (net)inkomen?

  • @rachelkidd5338
    @rachelkidd5338 2 ปีที่แล้ว

    This is super thank you so much :)

  • @ghghana5182
    @ghghana5182 2 ปีที่แล้ว

    Very good

  • @krisjmotivates
    @krisjmotivates 4 ปีที่แล้ว +1

    I LOVE IT HERE. THANK YOU SO MUCH

  • @jeffreychewning363
    @jeffreychewning363 3 ปีที่แล้ว +1

    Man I really need these people to handle my stuff

  • @kenyattarogers1551
    @kenyattarogers1551 3 ปีที่แล้ว

    Thank you!

  • @memory199726
    @memory199726 ปีที่แล้ว

    No kpis mentioned😢 too much talk no actual info.. that's qualitative analysis not kpis my friend sorry

  • @maksimkim202
    @maksimkim202 ปีที่แล้ว

    Kim Maksim:
    Everyone asks: what are Key performance indicators KPI?
    Key performance indicators are divided into three types. Personal, process and corporate.
    The first is personal Key performance indicators.
    These include the personal characteristics of a person,which are determined by the formula:the ratio of the result of labor to the predicted losses that a person can make.
    Efficiency is = to Result / by Losses
    That is, in simple terms, each person has his own characteristics.
    Like a normal computer
    Before concluding an employment contract with a person each employer determines this most personal Key performance indicators If he needs just such a person with his characteristics then he concludes an employment contract with him.
    The key performance indicators of each person are constantly changing depending on the characteristics of the person.
    Competence, physical condition, motivation, technical support.
    How are personal Key performance indicators used in remuneration?
    In remuneration, Key performance indicators are applied using the formula
    the ratio of the result of labor to predicted losses
    Efficiency is = to Labor Result / by Losses
    For example: wages are divided into two parts, variable and fixed
    The constant part is unchanged
    The variable is adjusted using Key performance indicators.
    If an employee achieves a predicted loss of fifty percent, then his Key performance indicators will be equal to one.
    That is, he will receive the variable part of his salary in the amount of one constant part.
    50 %/ 50 %= 1
    If an employee achieves a predicted loss of forty percent then his Key performance indicators will be equal to one point five tenths. That is, he will receive the variable part of the salary in the amount of one point five tenths of the fixed part.
    60 % / 40 %= 1,5
    If an employee achieves a predicted loss of thirty percent then his Key performance indicators will be equal to two point three tenths That is, he will receive the variable part of the salary in the amount of two point three tenths of the fixed part.
    70 % / 30 %= 2,3
    If an employee achieves a predicted loss of twenty percent, then his Key performance indicators will be equal to four
    That is, he will receive the variable part of his salary in the amount of four fixed parts
    80 % / 20 %= 4
    If an employee achieves a predicted loss of ten percent then his Key performance indicators will be nine.
    That is, he will receive the variable part of his salary in the amount of nine fixed parts.
    90 % / 10 %= 9
    The possibilities of Key performance indicators as well as the possibilities of a person, are not limited How to determine the predicted losses and the result of labor?
    Using specially created methodology and computer program Key performance indicators.
    Tutorial via link on TH-cam channel.
    youtube.com/@maksimkim202