Below you'll find a list of all posts that have been categorized as “Benefits of Metrics”
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 …
Let me ask you a question: if your business receives X leads per day on average, and leads suddenly dropped 40%, how quickly would you know about it? Immediately? Within 24 hours? Within a week? Clearly, the sooner you knew about the issue, the better…so you can help resolve it. Now what makes this issue so much more complex and …
The right dashboard can revolutionize both your success and enjoyment in running your business. Most specifically, the right dashboard will give you six key benefits as follows: 1. Total Visibility into Your Business With your dashboard, you will know exactly what’s going on in your business at all times. You know what’s working and what’s not working. For instance, your …
Any professionally run organization tracks their metrics. These metrics range from your sales, to your number of leads, to the number of phone calls or website visitors you receive. Without knowing and tracking your metrics, you can’t improve them. Hence the popular saying “you can’t improve what you can’t measure.” While every business owner knows they need to track their …
I read a great post the other day on DailyBlogTips.com. Daniel Scocco wrote an insightful article called 4 Tips to Maximize the Advertising Earnings of Your Website, which included four great ideas to optimize advertising revenue. It got me thinking about the metrics you should be tracking to make sure your ROI is where it needs to be. Here are the four …
