Most businesses develop a list of key performance indicators (KPIs) to assess current strengths and potential weaknesses as the company grows. Below, 12 members of Forbes Finance Council share often-overlooked KPIs new businesses and entrepreneurs need to track to get a full picture of their company’s health. Cash FlowFor any business, but certainly a small business, cash is king. Keeping a close eye on the profit per employee KPI will act as a guide for when your company should hire someone or not. A business has many processes—servicing processes, inventory processes and manufacturing processes are just a few.
Source: Forbes April 24, 2019 12:11 UTC