How do I set KPIs for my startup?
An example of an AI chatbot conversation about setting KPIs for startups.
How do I set KPIs for my startup?
Setting KPIs involves identifying key objectives for your startup. What are your main goals?
I want to increase customer acquisition and improve retention.
Great! For customer acquisition, you might track metrics like cost per acquisition and conversion rates. For retention, consider customer lifetime value and churn rate.
How often should I review these KPIs?
It's best to review KPIs monthly or quarterly, depending on your business model and growth stage.
Can you suggest some specific KPIs for a SaaS startup?
Sure! Common KPIs for SaaS include Monthly Recurring Revenue (MRR), Customer Acquisition Cost (CAC), and Net Promoter Score (NPS).
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