When you go to a physician, what does the nurse do before you meet with the doctor? Simple, they take your vital signs. Temperature, blood pressure, pulse and yes, sometimes they make you get on the scale. The reason the nurse does this is, just like the gauge on the outside of a pressure cooker, it gives the physician clues as to what’s going on inside your body.
Your business can be viewed, measured and monitored the same way by identifying and measuring the Key Performance Indicators (KPIs) of your business. KPI’s in a business, no matter what size, specifically measures how well a company is performing. Now, depending on the business model, KPIs will vary from company to company.
Like many entrepreneurs, Tedd Benson says he founded his company almost “inadvertently.” After being hired for a string of freelance building jobs in the early 1970s, Benson opened up his own shop with few resources and a big dream: to revitalize timber framing — a bygone building technique used to fashion historic homes and structures in the mid 19th century.