Key Performance Indicators (KPIs) with examples
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- Опубликовано: 28 июл 2024
- Key Performance Indicators (KPIs) with examples
#kpis #kpiexamples #keyperformanceindicatorsexamples
RESOURCES MENTIONED IN THIS VIDEO:
[+] (NEW) Access my KPI Tracker tool for free here: intoprofits.com/kpis
[+] Watch video 3/3 in this series, “Objectives and Key Results (OKRs) with examples”:
• Objectives and Key Res...
[+] “How To Get Hyper-Systemized & Scale Faster By Doing Less” (FREE case study):
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ABOUT THIS VIDEO:
5 years ago a mentor of mine taught me about Key Performance Indicators (KPI’s).
I had heard about KPI’s before, but this is when I really “got it”.
Ever since that day KPI’s have been a top 3 tool in my business.
They have caused a degree of control and a level of focus that’s simply impossible to achieve without them.
It’s like having a “finger on the pulse” of your business at all times. I could not imagine running a business without them.
In this video I show you exactly how I use KPI’s in my businesses to understand what works (and what doesn’t) with scientific precision. And to focus on the right things.
I also show you how to apply KPI’s into your own business, the right way.
HERE’S WHAT WE COVER:
- What are Key Performance Indicators (KPI’s)?
- The 4 step process to set-up KPI’s in your business
- Real-life example of how to use KPI’s correctly
- Examples of different types of KPI’s and how to build them
- How to use KPI’s with a team to drive focus and performance
Check out the video and let me know what you think in the comments below?
Here’s the link to the full blog post which includes an mp3 and a transcript: intoprofits.com/channel/kpis/
Wishing you success!
Daniel Audunsson & the team at IntoProfits.com.
If you enjoyed this video; comment, like and share it with others who may benefit.
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Thanks for watching!
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IN THIS VIDEO WE DISCUSS:
amazon acos, kpi vs okr, okrs examples, key performance indicators examples, what are okrs, how to write okrs, what are key performance indicators, cash flow amazon, kpis ecommerce, objectives and key results, amazon kpi, key performance indicators in retail, objectives and key results examples, KPI, supply chain kpi, What is a KPI, Definition of a KPI, How to use KPIs, KPI crash course, private label, Amazon FBA, selling on Amazon, Daniel Audunsson, Into Profits, Apex Seller
• Key Performance Indica...
Thanks for watching! Let me know what you think here in the comments?
Hi can I send you a message?
@@jennelynalegarbez2826 sure, you can email us at support@intoprofits.com
The best I have seen so far, thank you for taking the time and considering your viewers
Glad to hear it Oris, you're welcome and thank you also for sharing.
This video deserves millions of views. Thank you so much for your great explanation. Wish you all the best.
You're welcome Joamar and I appreciate your kind words. Likewise, I wish you the best!
Wow! This has to be the best piece of information out there on KPIs. This made sense to me and very easy to understand. Thank you
Excellent, happy to hear it! Thank you for sharing Yvette.
I totally agree
Thanks for explaining KPI's with examples. I was lost with too much information out there, but your video was very clear and helpful. Now, I understand the whole picture of KPI's. Thanks a lot.
Glad to hear it Claudia. You're welcome and thank you for your comment.
Great video and well detailed. The examples were the magic in it. Thanks
Glad to know you enjoyed it, and thank you for the feedback!
Thank you Daniel, beautifully explained and to the point. Examples were awesome it really helped me understand the KPI's now.
You're very welcome Sujeet, and that's great to hear! Appreciate your comment.
Hi Daniel,
Your explanation is clear and on point.
Thank you!
You are welcome!
Thank you for your content and allowing others to learn from you.
I appreciate your kind comment! Glad to know it's helpful.
Thank you very much. I'm just learning about KPIs, and this makes it so easy to understand. I saved your video so I can come back and re-watch later. Awesome work!
I'm so glad it is helpful! Thank you for your kind comment.
Thank you for the thorough explaination! This helped me alot.
You're welcome! I'm glad to hear that. Thank you for sharing.
Very helpful! Thanks!
Good to hear and you're welcome Elisa!
Thank you. Amazing breakdown and analysis.
I'm happy to hear you like it. Thank you for your comment!
Awesome!!! I can glean important information from this great presentation for application in managing health business. Thank you very much.
Excellent! Happy to hear that.
Thanks for the lesson explained.
You are welcome!
Amazing video and easy to grasp
Thank you Diana, happy to hear it!
Thank you very much. You changed my perspective, now I know that I can do my own KPIs. You put in the video that structured simplicity that we were all looking for.
That's so cool to hear. Thank you for sharing!
I am a software developer, and my job wants me to do data analytics. I felt like this was a good introduction to understand what my client is talking about when they mention KPI. (I have no business education)
I'm happy to hear this was helpful. People are often not clear about what they mean by "KPI." I'm sure you can help may of your clients by knowing how to utilize KPIs in the right way.
Thank you for this lecture. Well covered all information
You're welcome - glad it was helpful.
i must say that you are a good teacher, I felt connected to your teaching model. I am new to kpi but I know a lot from watching this video.
Thank you! I appreciate you saying that, and happy to hear it.
Nice Lecture. Thank you very much!
You're most welcome! I appreciate your comment. :-)
I totally enjoyed this video. I am new to creating KPI. This video broke it down to a more consumable information. Thank you for sharing!
You're welcome! I'm so glad to know it is helpful.
thanks so much for this video, very insightful and helpful, awesome examples, thanks
You're welcome, thank you for your kind comment!
This was some great information it was a great refresher.
Thank you Lisa, I'm glad to know it was helpful.
thank you. I'm just learning about KPIs, and this makes it easy to understand
That's great to hear!
Thank you for your methodology
Welcome 😊
Tack for en super bra presentation, precis borjat min MBA. :)
Velkommen og lycka till! :-)
This is very helpful. I feel equipped to create the kpis for my new business.
Excellent! That's great to hear.
Thank you. Plan to use some of these ideas with my team.
That's great to hear.
I love your explanation thank you so much
You're welcome. Thank you for letting me know!
Brilliant! Massively helpful!
Excellent! KPI's are such a good tool.
@@DanielAudunsson I would be very interested to hear who are you learning from, or who is your mentor? Equally excited to hear if you have a list of books or studies you would recommend that helped you to get where you are today. You could make a great video of that! :)
@@akossz1575 well noted, that is a good idea! I will make a note of that. It's been a lot of different people over the years. I try to learn from different fields because I find that a lot of what applies to one area applies to another.
Very good. really good!
Thank you!
Perfect KPI video
Thank you! Happy to hear it.
Super appreciate the whiteboard explanation!
Cool, happy to hear it!
Thanks, good video
Glad you like it.
Great one😊🙏🙏
Thank you 🙌
This is really helpful to easily understand nd i like your video and the way you make it understandable , i really enjoy this video with smile on my face. The way you were explaining it makes me feels that this video never gonna end . Thank you:)
Thank you for the wonderful feedback! I'm happy to hear you enjoyed the video so much :-)
@@DanielAudunsson Dear Daniel Audunsson, For the first 6 minutes, this video describes on and on, the same thing, in different ways: "That KPIs, help the business to monitor their present and future performance." I will continue to watch the rest video another day, and it may give great guidance after those 6 minutes, but for future reference, I would kindly recommend trying to not have a repetitive pattern in your descriptions, especially at the beginning of a video. I wish you a wonderful weekend and thank you for your overall educational contribution. :)
Thank you. This was very helpful. Now I can use this template for my business
Glad it was helpful! I hope you make the most of it. Wishing you success.
Nice video thanks
I'm glad you like it!
thanks for sharing Sir. How about to evaluate KPI results in unit bussiness or individu?
Good presentation.
Thank you, glad you liked it.
This is really Gold/Diamond/Bitcoin at this moment in my life, thank you so much!
You're welcome!
This is good
Great!!! Just a bit complicate for me because just start to do KPI for my job and business.
Thanks for the feedback! Then I might create another video with a simpler explanation.
Thanks
Welcome
This is very helpful. Could you help at different field ? For instance; engineering or maintenance
Good to hear. Well most of this applies to any business model, currently I am mostly focused on online business models.
Thank you so much from Viet Nam Daniel. I both learn english + HR knowledge. Hope will have more userful videos from your team :) :)
You're welcome! Happy to hear from you. I love Vietnam. We'll be in touch. 😊
Thank Daniel, I.m finding any remote job and hoping have some recomendation from all you 🙂🙂
Great, thx )))
Welcome!
Very helpful and clear to understand because its totally new to me
Great to hear Sandra! Thank you for sharing.
I have a question for you Daniel, I have watched a lot of videos about kpis and most of them are strategic indicators. I am a union electrician and I'm looking for ways to build metrics systems for the line level. Any ideas or suggestions on resources?
Hi Brian, unfortunately I don't have any experience in your field so I'm not aware of any resources.
Hi Daniel, great video, keep it up....can you or anyone let me know is there any ISO standard for guidance on KPIs or not ? Any other international standard ?
Thank you Naveed! I believe this does exist but I'm not familiar with the details of it.
@@DanielAudunsson thanks, I did a quick research ISO 22400:2014 talks about KPIs although this standard is about automation and integration,
Perhaps you can enlighten us in one of your videos on this in near future, cheers
Thanks for the video. Very valuable information on the basics of a business. I have a question regarding what is a KPI in my line of work or for my personal life if I want to use it for that?
If I think of a KPI for my business it would be something like sales calls, modules of the program made, or posts made with engagement.
And if it is in my personal life it could be with times I did the morning routine, days I did exercise hoor days practice with x hobbies.
Am I getting it correct?
Hi Leonardo, I'm glad to know you found this information valuable! Yes, you are on the right track. Check out this other video I made specifically about Personal KPI's (with examples & tracker template): ruclips.net/video/gh_3Es7rnFs/видео.html
i like your video thank you. I have trouble with the seasonality of my business. How do you go about developing a target with seasonality? thx
You're welcome. That's a great question: You can cycle between targets. Meaning if for say half of the year revenues are significantly lower, it might not make sense to focus on growing revenues during that time (or, it might). Instead you can focus on improving another aspect of your business during that time. We (ecommerce) generally cycle between focusing on improving top-line revenues ("bulking") and bottom-line profitability ("cutting"). This is more effective than trying to do both at once, which can be counterproductive. I hope this makes sense and is helpful.
@@DanielAudunsson thank you for your response! I have another question I can't seem to find an answer for: Should we be running KPI's based on our accrual accounting or cash-based accounting? we use Quickbooks Online accrual-based but it can be switched to cash if needed. Seems my CRM sales numbers and QBO sales numbers are so different I'm confused whats best. Thanks again! 🙏
@@brushmasterspaintingfranchise you're welcome! You can do either (depends on the nature of your business what makes the most sense) but in general, I prefer cash-based accounting when it comes to KPI's. "Cash balance" is a good KPI to include regardless, btw.
@@DanielAudunsson dude thatnk you
Can you please explain briefly using CSF to KPI and Benchmarking
CSFs are like OKRs, I have a separate video explaining OKRs vs KPIs (and how we use both together): ruclips.net/video/C_wS5Nuf1NM/видео.html
ty
@@DanielAudunsson
Hi.. What strategies you did to make your kpi's successful?
Hi Rolan, if you want to learn more about the specific tactics / strategies I've developed over the years to achieve good results in business then you can check out my free case study here: get.intoprofits.com
I want to ask if I can get kpi application on my Android phone.?
Check out the free KPI tool I show you in this video, you can access it via the Google Drive app on a mobile phone: ruclips.net/video/qg-GHYYNT9w/видео.html&t
Is there any specific reason to select 6-12 kpi? I mean why not more not less?
Great question. I've found that to be the sweet spot in terms of covering the main areas of a business while still keeping things simple and effective. Too few KPIs = you miss key insights. Too many = the key insights get diluted with "noise" (things that are less/not important).
we want to put KPI into practice a bit more
Sounds good!
You're so handsome 😍
With all my respect, it seems your idea about KPI optimization is NOT clear , and you do NOT know what you are talking about !!!
Basically, before we start any project we have to build our PKIs matrix , then, we optimize it, how?
assume PKI(X)i = F(X)i is the desired PKI to be optimized , provided that
= constant = X0 and
PKI(X)i+1, PKI(X)i+2 , ..... PKI(X)n-m, ..., PKI(X)n = constant Xc -----> First iteration
Now we got the values of (PKI )i=0 , (PKI) i= 1 , so, we choose another (KPI )i to optimize
and fill the PKI matrix considering all other PKI are constants except PKI (X) i=0 , PKI (X) i=s
we put their values ---------> second iteration
after n iteration we are getting the optimized solution to all our all PKI
Thanks for your input- unfortunately nobody came here to speak to you !
So good bye.
Thanks
Welcome
Thanks
Welcome!