What are the key business performance metrics I should track?
An example of an AI chatbot conversation about business performance metrics.
What are the key business performance metrics I should track?
Key metrics include revenue growth, profit margins, customer acquisition cost, and customer lifetime value.
How do I calculate customer acquisition cost?
Customer Acquisition Cost (CAC) is calculated by dividing total marketing and sales expenses by the number of new customers acquired.
What is a good profit margin for a small business?
A good profit margin for a small business typically ranges from 10% to 20%, depending on the industry.
Can you explain customer lifetime value?
Customer Lifetime Value (CLV) estimates the total revenue a business can expect from a single customer over their lifetime.
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