Business By the Numbers: The Key Metrics Every Founder Should Track
Business By the Numbers: The Key Metrics Every Founder Should Track
Running a business isn’t just about passion—it’s about precision. The most successful founders don’t just hope for growth; they track it. And the best way to do that? Knowing your numbers.
The Numbers Every Founder Should Track
If you’re in your first 1-3 years of business, the following metrics are essential:
Conversion Rates: How many of your leads turn into paying customers? A low conversion rate means it’s time to refine your sales or marketing approach.
Revenue & Profit Margins: Your bottom line is the clearest indicator of success. Track monthly revenue and ensure you understand your profit margins.
Customer Acquisition Cost (CAC): How much does it cost you to acquire a new customer? Knowing this number helps with budgeting and scaling.
Why These Numbers Matter
Your business will hit plateaus, but your numbers tell you why. Tracking these key metrics can help you pivot before issues become major problems.
📌 Ready to track your business performance? The Elevation Approach workbook has tons of resources for you!
In harmony,
