How To Use KPI To Your Advantage | 4 WAYS | KPI Management

Learn how to use KPI to your advantage
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A key performance indicator, or KPI, is a simple way to measure how well your company meets a business goal. Every business will have things it wants to track to see how it's doing, usually goals to reach. Over time, these goals change. As you grow, you start to figure out better ways to measure your progress. No matter what you measure, the point is to get the information you can use, and for any action, you take to have an effect on how your business does.
So, here are four ways to use KPI to your advantage to track the progress of your business:
Timestamps:
First way to use KPI to your advantage
2:14 - Choose KPIs that look forward, not backward
Second way to use KPI to your advantage
3:15 - Don't let the numbers make you think you have everything under control.
Third way to use KPI to your advantage
4:10 - Don't keep track of things that don't matter or that you can't change.
Fourth way to use KPI to your advantage
5:12 - Avoid vanity metrics
6:30 - What to do next?
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