In this article, we'll explore how to run a successful business and the tools you can use to achieve your goals and objectives.
How to have a successful business?
It's not enough to simply say that you want your sms gateway chile business to be successful, you need to know what it is, in which areas it applies, and plan how you are going to achieve it.
You can start, for example, by analyzing your actual performance data, against your KPIs in specific business areas.
In general, there are 6 key areas in which you can measure the success of your business:
Leadership and management : planning, strategy and direction. KPIs for this area should include: profitability and revenue growth.
Workforce : Employee learning and skills development. Indicators in this area include: employee retention rates and employee satisfaction scores.
Operations : Optimized processes and workflows. KPIs for this area include: accounts receivable and payable turnover, ratio, and conversion cycle.
Product or service : efficiency of production and delivery of value to customers. Metrics in this area include: equipment speed, time to market, customer retention rate, and customer satisfaction score.
Marketing and Sales : Generating growth through conversions and brand building. KPIs for this area include: customer lifetime value, monthly recurring revenue, customer acquisition cost, and customer base growth percentage.
Finance : Revenue and asset accumulation, such as equipment and facilities. Indicators in this area include: gross and net profit margin and ratio.
