What Would Rick Do?: How Do I Know if the KPIs Are “Reasonable” for My Team?
The Art of Online Business
Kwadwo [QUĀY.jo] Sampany-Kessie
4.8 • 828 Ratings
🗓️ 31 March 2023
⏱️ 21 minutes
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| 0:00.0 | All right, what's up, my friend? |
| 0:07.1 | Welcome to today's quick tip episode here on the podcast. |
| 0:10.9 | Rick here. |
| 0:11.9 | We're going to be talking about KPIs today. |
| 0:14.4 | If you've ever had a difficult time setting KPIs for your team |
| 0:19.4 | or maybe wondered if what you've come up with in terms of |
| 0:23.1 | the KPI's for your team are even reasonable. This quick tip episode is going to be for you. |
| 0:29.1 | This is a question I get asked quite a bit. And it came up recently. And because it's such a |
| 0:34.4 | common question, I wanted to do this episode here for you. And the specific |
| 0:38.4 | question was, like, how do I know if my KPIs are reasonable for my team? Well, if you've been listening to |
| 0:45.1 | this show for any period of time, you know I'm all about the numbers. I'm all about the data. |
| 0:50.9 | The numbers tell the story of what's going on. |
| 0:58.8 | And as you've heard me say before, maybe, they have no meaning. |
| 1:04.1 | The numbers have no meaning unless the meaning that you assign to them. |
| 1:05.0 | They're neutral. |
| 1:08.9 | And yet, they're the foundation of your business. Because if you don't know your numbers your you have no |
| 1:13.2 | insight into what's actually happening in your business is it healthy or not and so first let me just |
| 1:18.7 | clarify for those of you who aren't really like KPIs what are you talking about rec key performance |
| 1:22.6 | indicators and they're super super important as I just mentioned to have in the business because at a high level, they allow you to track, measure, and evaluate progress toward a specific goal or goals. |
| 1:39.0 | Basically, what you're trying to achieve in your business. What's the reason for your business? And they allow you to |
| 1:47.6 | see if you're on track, you're off track toward that goal or goals so that you can make changes |
| 1:56.0 | or measure your progress, et cetera. And they can also motivate your team because your team has tangible results |
... |
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