Tracking Key Performance Indicators (KPI’s) are critical to monitoring the health and progress of your business.
While all businesses track financial indicators such as sales, expenses, and net income, these are lagging indicators. While important, they are historical artifacts that can only indicate what has happened.
In order to adjust to the constant day to day variables that impact all businesses, leading indicators should also be identified and tracked, in order to allow for adjustments to business plans.
