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Ways to Measure Your Business Growth

Collection by Powerhouse Planning

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Powerhouse Planning

Ways to Measure Your Business Growth

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Management thought leader and author Peter Drucker once wrote, “Management is doing things right; leadership is doing the right things.” Recent research has suggested that many entrepreneurs chose the path they did because they desired one thing—meaning. How can we lead our businesses in measurable and meaningful ways, without getting lost in measuring and focusing on things that don’t really matter? Confidence Level, Charitable Giving, Employee Engagement, Social Media Pages, Strategic Planning, Positive Words, Leadership, Insight, Meant To Be

20 Ways to Measure Your Business Growth

Management thought leader and author Peter Drucker once wrote, “Management is doing things right; leadership is doing the right things.” Recent research has suggested that many entrepreneurs chose the path they did because they desired one thing—meaning. How can we lead our businesses in measurable and meaningful ways, without getting lost in measuring and focusing on things that don’t really matter?

Management thought leader and author Peter Drucker once wrote, “Management is doing things right; leadership is doing the right things.” Recent research has suggested that many entrepreneurs chose the path they did because they desired one thing—meaning. How can we lead our businesses in measurable and meaningful ways, without getting lost in measuring and focusing on things that don’t really matter? Compliments, Leadership, Entrepreneur, Meant To Be, Management, Lost, Author, Thoughts, Writing

20 Ways to Measure Your Business Growth Resource

Management thought leader and author Peter Drucker once wrote, “Management is doing things right; leadership is doing the right things.” Recent research has suggested that many entrepreneurs chose the path they did because they desired one thing—meaning. How can we lead our businesses in measurable and meaningful ways, without getting lost in measuring and focusing on things that don’t really matter?

Management thought leader and author Peter Drucker once wrote, “Management is doing things right; leadership is doing the right things.” Recent research has suggested that many entrepreneurs chose the path they did because they desired one thing—meaning. How can we lead our businesses in measurable and meaningful ways, without getting lost in measuring and focusing on things that don’t really matter? Team Building Skills, Team Building Exercises, Boss One, Work Productivity, Happiness Challenge, Employee Engagement, Social Media Pages, Positive Words

20 Ways to Measure Your Business Growth

Management thought leader and author Peter Drucker once wrote, “Management is doing things right; leadership is doing the right things.” Recent research has ...

You can be growing, but you can also be growing in a direction that no longer meets the needs of the clients you serve. One way to measure your business growth is to compare it to actual needs of your community and customers through regular needs assessments. Where Are You Working, Employee Engagement, Social Media Pages, Time Management Tips, Be Your Own Boss, Positive Words, Online Work, Self Care, How To Become

Meeting real needs

You can be growing, but you can also be growing in a direction that no longer meets the needs of the clients you serve. One way to measure your business growth is to compare it to actual needs of your community and customers through regular needs assessments.

Are you growing relative to similar businesses in your field? What other businesses out there provide services like yours, and how are you different or the same? Team Building Skills, Team Building Exercises, Boss One, Work Productivity, Happiness Challenge, Employee Engagement, Social Media Pages, Positive Words

Benchmarking

Are you growing relative to similar businesses in your field? What other businesses out there provide services like yours, and how are you different or the same?

Tracking the number of new leads and referrals you have each month can give you helpful insights into patterns. Asking these leads how they heard about you is another opportunity to learn what’s working well and possibly whom to thank for referrals. Team Building Skills, Team Building Exercises, Boss One, Work Productivity, Happiness Challenge, Employee Engagement, Social Media Pages, Positive Words

Leads and referrals

Tracking the number of new leads and referrals you have each month can give you helpful insights into patterns. Asking these leads how they heard about you is another opportunity to learn what’s working well and possibly whom to thank for referrals.

Higher customer ratings are correlated with increased business. Regularly review your ratings, whether on Google, Yelp, or any other online customer reviews. Looking at ratings and reviews over time can indicate whether you’re growing in a positive direction in the eyes of your customers. Where Are You Working, Employee Engagement, Social Media Pages, Time Management Tips, Be Your Own Boss, Positive Words, Online Work, Self Care, How To Become

Ratings and recognition

Higher customer ratings are correlated with increased business. Regularly review your ratings, whether on Google, Yelp, or any other online customer reviews. Looking at ratings and reviews over time can indicate whether you’re growing in a positive direction in the eyes of your customers.

If people are knocking on your proverbial door to do business with you, chances are you’re doing something right by offering a needed service and having positive word-of-mouth marketing from your existing customers. Learn more about them and what brought them to your business. Team Building Skills, Team Building Exercises, Boss One, Work Productivity, Happiness Challenge, Employee Engagement, Social Media Pages, Positive Words

New clients

If people are knocking on your proverbial door to do business with you, chances are you’re doing something right by offering a needed service and having positive word-of-mouth marketing from your existing customers. Learn more about them and what brought them to your business.

Repeat business and contract renewals are an important aspect of sustainable business. What percentage of your customers would you consider loyal or repeat customers? These are important relationships to nurture, as loyal clients make great (free) marketers who will often happily test-drive new products and services and can even provide the most helpful insights to improve your overall business strategy. Confidence Level, Employee Engagement, Social Media Pages, Strategic Planning, Positive Words, Driving Test, Loyalty, Repeat, Leadership

Loyalty

Repeat business and contract renewals are an important aspect of sustainable business. What percentage of your customers would you consider loyal or repeat customers? These are important relationships to nurture, as loyal clients make great (free) marketers who will often happily test-drive new products and services and can even provide the most helpful insights to improve your overall business strategy.

New team members can be an indicator that you’re ramping up to meet increased demand or growing services and that your company is perceived as a desirable place to work. Confidence Level, Charitable Giving, Employee Engagement, Social Media Pages, Strategic Planning, Positive Words, Leadership, Insight, Management

New hires

New team members can be an indicator that you’re ramping up to meet increased demand or growing services and that your company is perceived as a desirable place to work.

Measure the average length of time team members stay on board with your business. Retained team members are usually a good indicator of employee satisfaction, a great culture, and successful leadership. Team Building Skills, Team Building Exercises, Boss One, Work Productivity, Happiness Challenge, Employee Engagement, Social Media Pages, Positive Words

Retention and engagement

Measure the average length of time team members stay on board with your business. Retained team members are usually a good indicator of employee satisfaction, a great culture, and successful leadership.

One sign of business growth can be found in a measure of your employees’ growth, which is now a well-known factor in employee engagement. If your team members are gaining desirable skills, that development along with their high engagement level can tremendously benefit the growth of your business. Team Building Skills, Team Building Exercises, Boss One, Work Productivity, Happiness Challenge, Employee Engagement, Social Media Pages, Positive Words

Employee growth and development

One sign of business growth can be found in a measure of your employees’ growth, which is now a well-known factor in employee engagement. If your team members are gaining desirable skills, that development along with their high engagement level can tremendously benefit the growth of your business.

One sure measure of growth is reflected in your business’s bottom line. If work is plentiful, you should ideally see a reflection of that in your profits. Team Building Skills, Team Building Exercises, Boss One, Work Productivity, Happiness Challenge, Employee Engagement, Social Media Pages, Positive Words

Profit

One sure measure of growth is reflected in your business’s bottom line. If work is plentiful, you should ideally see a reflection of that in your profits.

Reviewing your website analytics can give you a picture of your customer reach and engagement over time and relative to certain marketing campaigns. Using trackable links is another great way to see ongoing performance of marketing efforts. If you manage social media pages, you can measure followers, post engagements, and shares. (Here’s an article with great ideas for engaging your social media followers.) Confidence Level, Charitable Giving, Employee Engagement, Social Media Pages, Strategic Planning, Positive Words, Leadership, Insight, Positivity

Online reach and engagement

Reviewing your website analytics can give you a picture of your customer reach and engagement over time and relative to certain marketing campaigns. Using trackable links is another great way to see ongoing performance of marketing efforts. If you manage social media pages, you can measure followers, post engagements, and shares. (Here’s an article with great ideas for engaging your social media followers.)

Partnerships are a great measure of business growth because together you are working to provide more or better services to clients or to better streamline the services you provide by cross-referring customers. Tracking the number of business partnerships you have this year over last year could be a good measure of growth. Confidence Level, Charitable Giving, Employee Engagement, Social Media Pages, Strategic Planning, Positive Words, Leadership, Insight, Positivity

New partnerships

Partnerships are a great measure of business growth because together you are working to provide more or better services to clients or to better streamline the services you provide by cross-referring customers. Tracking the number of business partnerships you have this year over last year could be a good measure of growth.

New investors, funders, active board members, and increased employee giving or board-member giving are great ways to measure others’ confidence in your company or cause and to track growth in that confidence level over time. Confidence Level, Charitable Giving, Board Member, Employee Engagement, Social Media Pages, Strategic Planning, Positive Words, Investors, Leadership

Shareholders

New investors, funders, active board members, and increased employee giving or board-member giving are great ways to measure others’ confidence in your company or cause and to track growth in that confidence level over time.