How do I choose KPIs for my startup?
An example of an AI chatbot conversation about selecting key performance indicators for startups.
How do I choose KPIs for my startup?
Choosing KPIs involves identifying your business goals. What are the main objectives of your startup?
We want to increase our customer base and improve retention.
Great! For customer acquisition, you might track metrics like customer growth rate. For retention, consider customer churn rate.
What are some other important KPIs I should consider?
Other important KPIs include customer lifetime value, average revenue per user, and net promoter score.
How often should I review these KPIs?
It's advisable to review your KPIs monthly or quarterly to ensure you're on track and can make adjustments as needed.
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