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Hey there, QuickBooks Community!If you're running a small business and feeling lost when tracking your success, you're in luck. We've got a gem of an article from QuickBooks Blog that breaks down the 7 most crucial Key Performance Indicators (KPIs) you should be keeping an eye on. Here's a quick rundown:
- Revenue Growth - Track your income over time to see if you're on the up and up.
- Net Profit Margin - This tells you how much profit you're making from your revenue.
- Cash Flow - Keep tabs on the money coming in and going out to avoid surprises.
- Customer Acquisition Cost - Know how much bringing a new customer on board costs.
- Customer Lifetime Value - Understand how much a customer is worth over the long haul.
- Accounts Receivable Turnover - See how efficiently you're collecting payments.
- Inventory Turnover - Check how well you're managing your stock.
These KPIs are your business's best friends, helping you stay on track and make informed decisions. Dive into the article for the full scoop and start mastering your metrics. Happy tracking!
Warm wishes from your friends at QuickBooks! See you next time!
