GOAL SETTING AND KPI BUILDING

Goal setting isn’t just for the gym.

EVERY AREA OF LIFE CAN BENEFIT FROM SETTING ATTAINABLE GOALS.

That includes your business.

You should create actionable objectives for your company to aim for so that you can define success and challenge yourself to reach it.

Setting goals and building key performance indicators (KPIs) is essential for any small business to thrive. Level has helped many clients clarify their business goals, setting them up to succeed in their industry. Our team can help you understand your dreams and how to achieve them.

BOOK A 15-MINUTE DISCOVERY CALL

DEFINING YOUR KEY PERFORMANCES INDICATORS (KPIS)

Figuring out your KPIs can be difficult, especially if you haven’t done it before. Measuring the success of your business is more than just seeing how much money came in versus how much money went out. 

Level is here to help. We can go over your current financials and discuss your dream scenario. Then, we can help you build goals that will help you get to where you’ve always wanted to be.

SOME EXAMPLES OF KEY PERFORMANCE INDICATORS INCLUDE:

  • Profit
  • Working capital
  • Planned hours vs. actual
  • Cash flow
  • Accounts payable and receivable turnover
  • Percentage of labor downtime
  • Cost variance
  • Quick ratio

SET SHORT-TERM AND LONG-TERM GOALS

Creating goals and KPIs for your business can put you in an excellent position for growing your company. It’s essential to set both short and long-term goals.

While most business owners would love to have a much larger facility and a considerable market presence in ten years, creating smart, obtainable goals for this year and this month is the best way to get there. Thinking about how to get a bit better in the near future can make a massive difference down the line.

Maybe you don’t want a giant facility in a decade, and that’s okay! Knowing where you want to be in the long term will help establish financial objectives for the future.

BE READY TO MAKE CHANGES

Every business owner knows that things can change quickly. Between losing ground in the market, losing employees, or ending up with a sudden bill, you need to be able to pivot. The same goes for pivoting on your KPIs and business goals. 

Level can help you reevaluate your goals as time goes on. If problems arise, it’s wise to change your plans to reflect the situation. If you reach a goal early, and continue to hit your goals regularly, it may be a great time to raise the bar.

MAKE SURE THAT EVERY ACTION YOU TAKE DAILY DRIVES YOUR BUSINESS FURTHER AHEAD.

Defining and tracking key performance indicators is a great way to stay on top of your business goals. Call us today to discuss your goals and start working toward reaching them.

BOOK A 15-MINUTE DISCOVERY CALL

FREE RESOURCE

Your Guide to Set Up Subcontractors the Right Way

Are you having trouble collecting information from your subcontractors? Download our “Subcontractor Checklist Packet” to know what you need from them for 1099’s, workman’s comp, and liability audits. We’ve even included a contract for reduced liability!

Justice Bragg

Business Development Specialist

At work, Justice is passionate about helping the team make decisions and connections that propel the business forward. He prioritizes client satisfaction by serving as a medium to facilitate communication to the proper channels making sure every issue is properly addressed.

Outside of work, Justice enjoys exercising by going to the gym and playing pickleball with his friends. He is a self-proclaimed foodie who can’t say no to trying a new restaurant, sometimes even immediately regretting it.

Zachary Williams

Staff Accountant

At Level Accounting, Zach is responsible for bookkeeping & payroll. He is dedicated to ensuring financial success for our clients.

Beyond the office walls, Zach’s weekends are filled with adventure, whether he’s exploring Florida’s hidden gems with his wife or battling it out in tournaments. When it’s time to unwind, you’ll find him at the movies or casting his line out for a relaxing fishing session.

Melanie Jerome, MBA

SENIOR STAFF ACCOUNTANT

Meet Melanie J, one of our senior staff accountants! Melanie ensures your financial health with precision and expertise. Beyond the office, she’s a true crime enthusiast who loves traveling and outdoor adventures. Whether she’s balancing books or exploring new trails, MJ’s dedication and skill set the standard for excellence in our team.