See how setting KPIs is good for the bottom line here
If you are an employee, you are probably very familiar with the concept of KPIs or Key Performance Indicators as a tool used by your manager or supervisor to measure and monitor your job performance. Alternatively, if you are the owner of a small business the scene may change, but the rules...
Closely monitoring Key Performance Indicators (KPIs) is an important part of financial management in corporate settings, but we’re often asked: What role do KPI’s play in small to medium enterprises?
For a small business (e.g. a tradesman) it may be as easy as working out how many hours are billed to clients each day or week. This will gi...
Earlier this month we talked about why setting KPIs is good for the bottom line and in particular the benefits of activity based reporting for SMEs. Every day we see businesses who find it difficult to understand certain processes such as the link between labour costs and productivity, peaks and troughs to determine spare capacity or the impact...
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