What are some effective tools for measuring success in business?
There are several tools you can use, such as KPIs, dashboards, and performance management software. Would you like details on any specific tool?
Can you explain what KPIs are?
KPIs, or Key Performance Indicators, are measurable values that demonstrate how effectively a company is achieving key business objectives.
What are some common KPIs for small businesses?
Common KPIs for small businesses include revenue growth, customer acquisition cost, and net profit margin. Would you like to know how to calculate them?
Yes, please explain how to calculate customer acquisition cost.
To calculate customer acquisition cost, divide the total cost of sales and marketing by the number of new customers acquired in a specific period.
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