Hero metrics
Flying blind on Finance will kill your business. ☠
Signs that you might be in serious trouble:
- You don’t know how much your business is costing you
- You don’t know how much money your product should be making
- You don’t understand why profits are declining
- You don’t know if you can afford to hire someone
- You don’t know how much cash will be in the bank next month
- You don’t have a plan for surviving the year
What if ONE new business concept could turn this whole thing around?
Enter ✨Hero Metrics✨:
aka. 5-10 KPIs that encapsulate what it takes for your business to succeed.
Suddenly, with one glance at a dashboard:
↘ You know exactly where you are, where to go, and how to get there
↘ You see when something in your business is off and know how to fix it
↘ You have a clear picture of the future and can plan well in advance
All it takes is knowing what 5-10 numbers will do it for YOUR business.
How do you identify your Hero Metrics?
1️⃣ They should be key drivers of the business - they fundamentally describe how the business wins and loses money
2️⃣ They define your current goals
3️⃣ Stakeholders can impact them directly
4️⃣ Their data is readily available, trustworthy, and reportable on at least a monthly basis