Measure performance and set targets

Monitoring and measuring your business performance shows you how well your business is doing. It helps you find new market opportunities, cut costs, attract new customers, and boost competitiveness. To gain these benefits, you need to track and assess your performance accurately while setting the right targets and metrics.

This guide explains the advantages of reviewing business progress. It helps you choose the key performance indicators (KPIs) to measure and how to use them to assess your performance. By understanding which KPIs matter most to your business, you can make better decisions that drive growth and efficiency.

This guide also explains how to benchmark your business against competitors, measure your financial performance and set realistic performance targets. With these tools and strategies, you can keep your business on the right track and continuously improve.