What Is a KPI And Why Do You Need To Know About Them?

Wondering how to measure your business? In today's podcast I talk about the importance of understanding what a KPI is and knowing how to use one to benefit your business. KPI stands for Key Performance Indicator, so as an example your Car Dashboard can be considered a KPI as it indicates to you the performance of the specific (or key) areas you want to know about your car's performance. In the business world there are 2 types of KPIs, Lead Indicators and Lag Indicators and today I talk about the benefits of understanding these indicators and how to apply them to your business. In this episode we discuss: What a KPI is The types of indicators How to use your KPI’s to benefit your business Links: The Joinery Coach Website The Wealthy Joiner Joinery Business Hub Facebook Group YouTube Channel