How do I set KPIs for my business?
Setting KPIs involves identifying your business goals, determining measurable outcomes, and tracking progress. What specific area are you focusing on?
I want to improve my sales performance.
Great! For sales performance, consider KPIs like monthly sales growth, average deal size, and customer acquisition cost. Would you like help defining these?
Yes, please help me define monthly sales growth.
Monthly sales growth measures the percentage increase in sales compared to the previous month. You can calculate it by taking the difference in sales between two months, dividing by the previous month's sales, and multiplying by 100.
That makes sense! What about average deal size?
Average deal size is calculated by dividing total sales revenue by the number of deals closed in a specific period. It helps you understand the value of each sale.
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