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Five Questions You Must Answer to Measure Your Business Well

Arbitrary data need not apply

Mike Figliuolo
Tue, 01/02/2018 - 12:03
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Focusing on metrics is key to achieving your desired business results—but it can be difficult to determine which metrics actually matter. There are five major questions you need to answer to ensure the metrics you’re measuring matter and you can take action based upon what they tell you.

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Some metrics are easy to put numbers to. Revenue, inventory levels, and customer retention are solid numbers. Knowing those quantitative measures is essential to understanding your business. That said, you also need to measure qualitative aspects of your business, such as associate engagement and customer satisfaction.

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