What are some key performance indicators (KPIs) for startups?
An example of an AI chatbot conversation about KPIs relevant for startups.
What are some key performance indicators (KPIs) that startups should focus on?
Startups should focus on KPIs like customer acquisition cost, lifetime value, churn rate, and monthly recurring revenue.
Can you explain why customer acquisition cost is important?
Customer acquisition cost (CAC) helps startups understand how much they spend to acquire a new customer, which is crucial for budgeting.
What is a good CAC for a startup?
A good CAC varies by industry, but generally, it should be less than one-third of the customer’s lifetime value (LTV).
How can I improve my startup's KPIs?
You can improve KPIs by optimizing marketing strategies, enhancing customer experience, and regularly analyzing performance data.
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