Why is it important to set the right KPIs?
— Setting the right KPIs helps objectively measure the success of your business, prioritize strategies, and make necessary adjustments.
What is the best metric to measure value?
— Revenue is considered the best metric to measure value, and Monthly Recurring Revenue (MRR) is a good indicator of enduring value for products.
Which two primary metrics are recommended for startups?
— Revenue and active users are the two primary metrics recommended for startups to prioritize strategies and make quick decisions.
Why should revenue be the primary metric for most people?
— Revenue should be the primary metric for most people to test if there is demand for their product and avoid relying on feedback from free users.
How many secondary metrics should be paired with the primary metric?
— It is recommended to choose 3-5 secondary metrics to get a comprehensive overview of the company's health and progress.
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