How do I determine which metrics to track for my business?
To determine which metrics to track, you need to identify your business model and how you plan to charge your users.
What are the key metrics to track for enterprise business models?
For enterprise business models that sell software or services to large enterprises, it is important to track three to four key metrics, such as recurring revenue, user retention, and ROI for user acquisition.
What is the difference between bookings and revenue?
Revenue is only recognized when the service has been delivered, while bookings refer to verbal offers for contracts that are not considered revenue until the service is provided.
How do I measure the success of a subscription-based business?
To measure the success of a subscription-based business, track metrics such as monthly recurring revenue, annual recurring revenue, and churn rate.
What metrics should I focus on for e-commerce businesses?
For e-commerce businesses, it is crucial to track metrics such as monthly revenue, monthly growth rate, and gross margin to ensure profitability on a per transaction basis.