It’s impossible to run a successful business without taking the time to track your core business metrics.
If you don’t, then good luck knowing:
- How much pure profit you’re earning
- Where costs can be cut
- Whether you’re selling enough
- How much debt you have
- Whether you’ll be bankrupt next quarter
Having said that, where do you start? There are so many metrics you could be tracking that it’s easy to get stuck tracking and recording everything rather than analyzing and acting on your data.
That’s why I’ve collected 53 core business metrics right here to get you started. Stop wasting time wondering what to track or flicking between 20 different posts going over five stats each – every metric here comes with a brief description and formula or method for easily tracking it.