The kpi is a very relevant metric for measuring the performance of a strategy and management processes. The key performance indicator is also called the key performance indicator. Simply. Performance indicators exist to make successful strategies possible. After all. Without constantly monitoring the performance of your business’ actions. Success will only be a distant dream. Importance of establishing and measuring kpi’s in your startup when talking about startup. An almost natural synonym is to invest and undertake in unstable scenarios. Therefore. Kpi’s for startups help to predict what the future of this business will be like. Keep in mind that decision making is much easier and more assertive when you have an accurate and clear vision of what is right and wrong.
What is KPI
Even the angel investor and head of kick ventures . Rodrigo quinalha. Believes that startup founders cannot expect to grow blindly without being almost “obsessive” with their kpi’s. Going further. Just clinging to numbers is not enough. It is necessary to know the ways in which the indicators benefit and harm the startup and also to identify the reasons Peru Phone Number List why they decrease or increase. Remember that with the guidelines defined. It is easier to understand which goals are most important for a sustainable future for the startup. And to give you a little push on the right path. We have selected the most important kpis that a startup should not ignore. See below! Main kpi’s to measure and monitor the evolution of your startup cac – customer acquisition cost this kpi is calculated.
Importance of establishing and measuring
Cac costs include all marketing and sales actions involved in prospecting for new customers. Customer acquisition cost is one of the most important kpis for startups. As it shows how much financial effort has been made to acquire customers. Keep an eye on this kpi. If the value is too high. You need to review your expenses to close the month’s account with List Provider peace of mind. To visualize it better. Consider the following example: investment of r$100.00 in an adwords campaign. With the acquisition of 200 new customers. This means that the cac was r$ 0.50. Also. Make sure that the cac does not exceed the revenue that each customer generates. These are called subscription models. But this can happen in the most diverse types of business.
