There are several key performance indicators (KPIs) that entrepreneurs can track:
Revenue Growth: This indicates how much the business's income is increasing over time. Customer Acquisition Cost (CAC): The total cost of acquiring a new customer, which includes marketing and sales expenses. Customer Lifetime Value (CLV): The total revenue a business expects to earn from a single customer over their entire relationship. Gross Margin: The difference between revenue and the cost of goods sold, expressed as a percentage of revenue. Net Promoter Score (NPS): A measure of customer loyalty and satisfaction, derived from customer feedback.