5 Key Metrics & 4-Hour Workweeks

Quick Insight

A KPI is an assessment of whether you’re achieving your business strategy. A KPI dashboard is a summary report of the status of your KPIs.

What are KPIs and why would you want a KPI dashboard? A KPI is an assessment of whether you’re achieving your business strategy.

Each KPI measures an aspect of how well you’re doing on the most critical aspects of your business’s success. A KPI dashboard is a summary report of the status of your KPIs.

Let’s say you want to work a 4-hour workweek as you travel the world. You check in to work briefly and infrequently. In those check-ins, you must quickly assess how your company is doing.

You tell your staff to monitor five key metrics and report them to you whenever you check in. They are everything you need to know to assess whether your company is OK. Those metrics are your KPIs.

What five metrics are they for your company? It's different for every company. A great resource to pick from is Klipfolio's Metric HQ.

Knowing your KPIs allows you to manage your company efficiently and effectively, whether you work a 4-hour workweek or a 40-hour workweek.

I wish you successful business monitoring with effective KPIs aligned with your business goals. I wish you well.

- Rob Stephens

Further Insight

CFO Perspective Resources

  • Course: Key Performance Indicators (KPIs) and KPI Dashboards - KPIs are more than metrics. They’re the foundation of your most important decisions. KPIs define success to drive success. This course explains: how to choose metrics,  KPI dashboard tips, the process of implementing KPIs, and managing with KPIs.
  • Course: Objectives and Key Results (OKRs) - What performance secret can you learn from Google, Intel, and Intuit? Objectives and Key Results, also known as OKRs, have become very popular for improving company performance. OKRs can improve focus, engagement, innovation, and performance. I'll walk you step-by-step through how to implement OKRs at your company.
  • Book: Key Performance Indicators (KPIs) and KPI Dashboards - With well-defined and well-managed KPIs, you can align your company’s vision from the ground up and maintain steady progress toward your goals. Get tips on dashboard best practices. Avoid common mistakes managers make with KPIs. I’ll guide you through the implementation process so you can start achieving your goals ASAP.

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