What are some examples of KPIs for SMEs?
An example of an AI chatbot conversation about KPI examples for small and medium enterprises.
What are some examples of KPIs for SMEs?
Some common KPIs for SMEs include revenue growth rate, customer acquisition cost, and net profit margin.
Can you explain how to calculate customer acquisition cost?
Sure! Customer acquisition cost is calculated by dividing the total cost of acquiring customers by the number of customers acquired.
What is a good revenue growth rate for a small business?
A good revenue growth rate for a small business typically ranges from 15% to 25% annually, depending on the industry.
How often should SMEs review their KPIs?
SMEs should review their KPIs at least quarterly to ensure they are on track to meet their business goals.
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