Running a health and wellness business comes with its own unique set of challenges, especially when it comes to tracking your goals. Fortunately, there are a few metrics you can use to gauge the success of your venture. In this article, we will discuss essential metrics that you should be monitoring. Along with your plans and strategies, you should also …
Hoteliers use a variety of metrics to measure their success. The most important metrics include occupancy rate, average daily rate, revenue per available room, and debt service coverage ratio. Hotel managers can use these metrics to compare performance with other hotels in the same market. You will find it necessary to have an excellent business plan in place to contextualize …
If you’re running a recruiting agency, it’s important to track the following top 6 metrics in order to gauge whether or not you are on the right track. You will want to include these metrics in your recruiting agency business plan as well. In this article, we will take a look at each of these important metrics and by the …
When starting a dog grooming business there are a number of metrics you need to track in order to ensure its success. Some of these include the number of new customers acquired each month, the average ticket size for the dog grooming services rendered, and the percentage of repeat customers. Keep reading for more information on these tips. You should …
It’s no secret that every small business needs to track its metrics in order to stay afloat. But for liquor stores, it can be a little more difficult to determine which numbers are important to pay attention to. In this article, we will outline six essential metrics that every liquor store should track. If you don’t already have a solid …
In order to run a successful coffee shop, it is important to track a few key metrics. This will help you gauge how well your business is doing and where you may need to make improvements. I recommend documenting these metrics in your business plan. If you need help creating your plan, utilize a coffee shop business plan template. Some of …
There is one surefire way to improve all of your company’s metrics. That way is to have a written business plan. A business plan documents your company’s strategy and sets goals for your business to achieve. It focuses your company’s efforts and gets your entire team on the same page. When everyone in your company is aligned with your business …
The simplest definition of employer branding is how you market your company to desired job seekers. You can do this by pointing out your organization’s unique cultural differentiators and then working to reinforce them so you can position yourself as the top place to work. The employer’s brand is a mirror of the company’s value proposition. In today’s increasingly competitive …
What Is This Metric? Review Ratings are the reviews that your customers give about your company. In some cases, you might track your reviews on public sites like Amazon or Google. Or you maybe you have your own website like Growthink Reviews where you allow customers to leave feedback, reviews and/or testimonials. In any case, monitoring these reviews is important. …
Welcome to the Metric of the Week. This week we’ll be discussing ‘Sales by Lead Source.’ What is the metric? It’s important to understand where your sales are coming from. In general, you should focus on getting more sales from the most proven lead and traffic sources. On the other hand, it’s good to experiment to find new lead and …
