Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

What is the best way to define your ONE main metric?

Regardless of the stage, location, and stage of the business, is there a good framework to use in order to identify and define the metric that you should focus and obsess about in order to take your company to another level?

2 Replies

Peter Baltaxe
0
0
Peter Baltaxe Entrepreneur • Advisor
Consultant, product leader, serial entrepreneur
Revenue.

Focusing on revenue in the earliest stage insures that you have product-market fit, meaning that customers are willing to pay you for your product/service.

In the next stage of the company, revenue growth will mean you have customer traction which will make fund raising much easier.

As you grow revenue, it will lead to profitability, which means that ultimately you can choose to raise money if you are looking to accelerate; but you have the luxury of raising money on your terms, because you don't have to raise money to keep going.

And keep an eye on attrition, retention, NPS and other indicators of customer satisfaction as they will flow through to revenue.
Gabe Micchelli
0
0
Gabe Micchelli Advisor
Business Development and Marketing Professional - Medical Devices

There is no one metric. The business owner needs a dashboard of metrics to manage every day. But if I'm assessing the viability and vitality of my business at any given time, I'm looking at profit. Aggregate and unit profit tell the story. The business may be in debt, there may be cash flow issues, labor shortfall, vendor problems, pricing problems, collection delays anda variety of other things. Those costs need to be tracked and resolvedbut the one thing the business needs is to track its ability to create ongoing profits from sales.

Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?