Your company’s dashboard – Which KPIs should you be monitoring?

Description

Abstract: Like car owners, business owners should monitor gauges on their business dashboard that will give them a heads-up about financial problems lurking down the road. These financial gauges usually consist of measurements that reflect the company’s key success factors, or key performance indicators (KPIs). There are two broad categories of KPIs: financial and nonfinancial. This article explains what metrics they include and how to benchmark them. A sidebar notes that, in creating a dashboard, it’s important to concentrate on three important areas: growth, cash flow and inventory.