Eyo Toe | February 1, 2021
KPIs (Key Performance Indicators) are extremely essential in understanding whether your business is going to meet your goals. The beauty of KPIs is the ability to trend them from past days, months, and even years and compare where you are now to where you were before. However, sometimes certain aspects of your business change, such as your accounting method, where you will need to make note that the results are skewed based on KPIs being calculated in a different way. In addition, you must make sure you are collecting accurate data to create these trends, which is where daily and monthly KPI reports can be of convenience. Data collection is best done through either your DMS, if it has the capability, or simply using a spreadsheet. If you are not familiar with using excel or google sheets, there are many tutorials online that will help you organize your data to recognize and track your KPIs.
If you have any question, feel free to contract Trevor Watson at TWatson@lhph.com!