Take Five #058: The only KPI you need, and more
Codely v2.0 public release is here
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What has changed in our latest release?
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All new features available for all public channel users
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Coding collaboration with over 200 users at once
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Real-time code save every 0.1 seconds
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Take Five #058: The only KPI you need, and more
1. Build a Better Business with Problem-First Problem-Solving
The best entrepreneurs start businesses to solve problems. And, solving problems in new and better ways means a focus on innovation – whether it’s product or delivery or materials or timing, doing something different in a way that adds value is a competitive advantage. But when you innovate, you’ve got to get your priorities – and your incentives – right.
Listen to the Permanent Podcast episode here.
2. Revenue vs. Assets: What can the Asset Turnover Ratio reveal about your company?
3. The Only KPI You Need
Having dozens of KPIs is a waste a time. Too much data just leads to too much time spending analyzing what is going on in your business instead of running your business.
I can tell you how well your company is doing by just looking at 1 KPI.
Labor efficiency.
Labor efficiency is defined as “A measure of how efficiently a given workforce accomplishes a task, when compared to the standard in that industry or setting.”
Read more about why labor efficiency might be the most important metric to measure here.
4. Top money problems business buyers run into
Insolvency expert Doug Hoyes talks warning signs, hidden issues, and common mistakes he’s encountered as a Licensed Insolvency Trustee in Kitchener, Ontario.
5. Some of the best entrepreneur advice you’ve (maybe) never heard
You don’t need to go to business school to do business, and reading the Wall Street Journal, MSNBC, CNN, etc. isn’t going to help you that much.
It mostly just fills your brain with data that doesn’t matter.
What matters in business?
Secrets. You find out something other people don’t know either by digging deep or thinking differently than everyone else.
Read the rest of Girdley’s “Unconventional advice for aspiring entrepreneurs” here.
