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The Art of Online Business

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

Team Building, Online Business, Outsourcing, Marketing, Facebook Ads, Business Scaling, Business, Online Marketing, Productivity, Evergreen Sales Funnels, Podcasting, Youtube, Entrepreneurship, Social Media

4.8828 Ratings

🗓️ 31 March 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

Have you ever struggled to set Key Performance Indicators (KPIs) for your team or wondered if your KPIs are reasonable? ‍‍ ‍‍ ‍‍ Cut your lead gen costs in HALF with my $37 mini-course–NOW only $17!Visit The Art of Online Business website for Facebook Ads help‍‍ ‍‍ ‍‍ In this episode, we delve deeper into the world of KPIs and their crucial role in the success of your online business. Whether you're an online course creator, have a membership-based business, or are an online coach, understand...

Transcript

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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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