Your KPIs or Key Performance Indicators are the metrics your team uses to see whether they’re on track. Will we finish the project in time? How well do our current numbers match our goals? These are important questions your organization needs to ask. But when your employees don’t have access to KPI data, they have no idea whether they’re close to achieving their goals or way off base.
Scaling up your company can seem daunting. Business experts, trusted family and friends, and anyone else within a five-foot radius will provide advice, insights, and other nuggets of wisdom. But often, this well-intentioned advice isn't rooted in fact, and it can end up negatively affecting your company. Learn how to avoid 3 common misconceptions about what it takes to scale up effectively.
Every company needs to track and measure how well it is doing compared to its stated goals. But how can your company identify which metrics you need to monitor? The specific targets you set and Key Performance Indicators you measure will depend on your organization’s industry, but the types of metrics described below can help you define your KPIs and get tracking.
Don't you hate how it always rains the one day you forget your umbrella? While we can't successfully plan ahead for every possible situation, having the right tools and info when you need them can make your life so much easier.
One of the biggest reasons that companies fail is a lack of strategic planning. Some entrepreneurs are so passionate about their ideas that they jump right into starting a business without really thinking it through. Entrepreneurs who have a shortened planning period or forgo planning altogether usually have to deal with bigger issues down the road--worse than getting soaked in that thunderstorm we mentioned above.
As CEOs, entrepreneurs, and small business owners, you likely have a lot of things to handle on a day-to-day basis. However, there are several things that every business owner should keep in mind in order to scale up your company successfully and see consistent growth.
We’ve all felt that drop in productivity during the mid-afternoon slump. Maybe you had a big lunch or stayed up a little too late the night before. No matter your reason, a lapse in productivity affects your ability to complete tasks by their deadlines and execute on your strategic goals. Rather than succumbing to the urge for an afternoon nap, learn 6 ways to improve your workplace productivity and avoid a big drop in efficiency.
There’s no one-size-fits-all when it comes to your business strategy. Every company is different, and your business strategy will need to take your industry, size, and market needs into careful consideration.
When it comes to growing a successful company, you can never have too many weapons in your arsenal. While we’ve already identified 6 resources to help your team stay aligned, check out 5 more business tools to help your company scale up.
While plenty of entrepreneurs don’t get their big break until later in life, many young people are increasingly taking opportunities to innovate and start their own enterprises. It shows that just as there’s no upper age limit on entrepreneurship, even several remarkable children under the age of 18 have started companies that have earned more than a million dollars.
As evidenced in the Forbes 30 Under 30 list, these young entrepreneurs come from varied backgrounds and work in diverse industries. What can we take to heart about their early successes?
You know that you need to align your team to achieve your business objectives. You’ve probably been searching for the right platform to help you execute strategically and streamline your employee management. Based on the following three qualifications, see if Align is the right business management platform for you.