Indicators (KPIs) and Major Projects
Identify and Track Leading Indicators
No matter the size, industry, or age of your business, there are always indicators that you can track and leverage when making key business decisions. When you can identify and consistently track the leading indicators of your business, you can develop plans to weather any economic downturn, or react to opportunities.
Your company will have the knowledge of which leading indicators are unique to your company and industry. This will give you the ability to measure, build, and benchmark for future outcomes and become a healthier more sellable business, whether you decide to sell or not
Businesses may refer to their indicators in different ways, one of which may be Key Performance Indicators, or KPIs. ClearPath will help you identify the best KPIs for your business based off of industry trends, your business trends, and your short- and long-term goals. Once your KPIs are determined, consistently tracking these indicators is the key to helping you predict any upticks or downturns that may be coming, and in making key business decisions. These indicators can easily be displayed in daily or weekly dashboards, along with monthly reporting.
One of the tools used to better predict the outcome of our business is the trailing twelve dashboard.
Predict Future Revenue
Control Future Profit
As a company you want to better understand and track trends of revenue/sales – their KPIs may include trailing twelve month revenue, along with sales orders or sales backlog, and their revenue rate of change.
Reports like this are necessary to determine the next action to take. You’ll be able to notice:
- A Future dip in sales allowing you to adjust expenses or staffing accordingly.
- Predict an increase in sales and make the needed adjustments to staffing, inventory purchases, etc…
Simplifying the process is our speciality.
1. Schedule a Call
We’ll hear from you about your goals, what you’re looking for, and help determine which steps to take next. We’ll be the guide as you stay in the driver’s seat.
2. Create your Painted Picture
Our hyper-customized Orion Plan allows us to move intentionally and with focus.
3. Develop a Plan to Achieve your Desired Goals
At the end of it all, you have the plan and are better prepared for any economic downturn your company might face.