Chief executive officers (CEO’s) need easy access to many key performance indicators. They need a CEO KPI for the dashboard that let them quickly monitor how healthy the business is at a given point in time. Some of the key KPIs that today’s CEOs are keeping an eye on are listed just below:
Net Profit
Keeping an eye on net profit is essential for every business leader. It could be imagined as a line graph or a quarterly chart. But, you decide to represent the data and it needs to be updated information on a regular basis.
Expenses
As a business owner, your expenses are one of the major drains on your long term success, be it is staff, machinery, property or IT. A dashboard can break them instantly thus you can see where your main outgoings are, and then make decisions about what is costing much and what is not.
Revenue
Keep in mind that tracking your revenues is a vital exercise in bench-marking and requires you to be flexible and diligent. Also, setting yearly revenue targets is essential, but you need to be very careful not to follow too strictly to your predictions. You can review and adjust the numbers every quarter so that your team will be engaged. Apart from this, revenue tracking also provides you the dullest indicators of success for your creativeness, your divisions and how good you've kept up with the frequently changing your targeted customers’ needs.
Quarterly Bookkeeping
Don’t forget to review and track your quarterly bookkeeping as it is extremely vital. Your accountant will do it and this report allows you to see all expenses, dues, payables and finally revenues. This information will provide you insight into controlling cost and find out activities that can boost your profits.
Profit Per Customer
This is also a very important KPI for CEO and is an easy one. Does it help them in plenty of things like how much are your clients spending? How this is signified on your dashboard will depend on the market you work in. By creating better relationships with your clients and improving loyalty, profit per customer will surely increase.
Some other key performance indicators are Gross Profit, Average Gross Margin, Total Leads by Revenue, Cumulative Sales, Operating Income, Orders, Sales Funnel, EBITDA, Customer Happiness, Stock Availability, Inventory Turnover, Customer Service Issues, Remakes, Returns, Performance Reviews, Employee Health, Dealer Satisfaction, Associate/Team Engagement, and Customer Complaints.
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Net Profit
Keeping an eye on net profit is essential for every business leader. It could be imagined as a line graph or a quarterly chart. But, you decide to represent the data and it needs to be updated information on a regular basis.
Expenses
As a business owner, your expenses are one of the major drains on your long term success, be it is staff, machinery, property or IT. A dashboard can break them instantly thus you can see where your main outgoings are, and then make decisions about what is costing much and what is not.
Revenue
Keep in mind that tracking your revenues is a vital exercise in bench-marking and requires you to be flexible and diligent. Also, setting yearly revenue targets is essential, but you need to be very careful not to follow too strictly to your predictions. You can review and adjust the numbers every quarter so that your team will be engaged. Apart from this, revenue tracking also provides you the dullest indicators of success for your creativeness, your divisions and how good you've kept up with the frequently changing your targeted customers’ needs.
Quarterly Bookkeeping
Don’t forget to review and track your quarterly bookkeeping as it is extremely vital. Your accountant will do it and this report allows you to see all expenses, dues, payables and finally revenues. This information will provide you insight into controlling cost and find out activities that can boost your profits.
Profit Per Customer
This is also a very important KPI for CEO and is an easy one. Does it help them in plenty of things like how much are your clients spending? How this is signified on your dashboard will depend on the market you work in. By creating better relationships with your clients and improving loyalty, profit per customer will surely increase.
Some other key performance indicators are Gross Profit, Average Gross Margin, Total Leads by Revenue, Cumulative Sales, Operating Income, Orders, Sales Funnel, EBITDA, Customer Happiness, Stock Availability, Inventory Turnover, Customer Service Issues, Remakes, Returns, Performance Reviews, Employee Health, Dealer Satisfaction, Associate/Team Engagement, and Customer Complaints.
Related Post: Business Intelligence (BI): Why Does Your Company Need It
