The Magic of MetricsAugust 18th, 2010 | Customer Support,KikScore & KikReport,Online & Small Business Resources,Quality,Small Business,Small Business Tips | 1 Comment »
As a small business grows and not only builds the customer base but also expands the solution offerings, a metrics tracking method should be developed. There are a wealth of options of different metrics to track across any business. The hype for small companies seem to focus on SEO and website traffic metrics, but there are other business and process facing metrics that can greatly help a small business grow and succeed.
This article promotesmetrics are magic. Key areas that can keep all team members in-check are to outline metrics surrounding milestones with dates and deadlines, and tracking of metrics like calls, presentations, programming modules, etc.
Depending up on the size and complexity of your business, utilizing a tool set to track and report on metrics could be very useful. This provides the business leaders an avenue in which to review and evaluate trends and to determine if new solutions are working as expected and increasing cash flow.
Metrics help to outline the quality and measurement of success for any given business, product or process. As a small business owner, factoring quality into daily activities helps to keep the entire team focused on top quality solutions and practices
What defines a quality metric and tips how to determine where your solution measures up? The key is to create a metrics roadmap early in your business cycle so that you can formulate processes and checkpoints throughout that adhere to it.
The metrics you track will change over time, as your business expands (or shrinks). You must also be diligent in that tracking process and share out not only the positive metrics, but the negative ones as well with your entire team. The only way to improve upon your business processes and ensure quality is to define the metrics and make appropriate changes to continue to improve them. And allow your business to evolve in a positive light by continuously reviewing the metrics and creating new benchmarks that define your business success.