Last week, we talked about writing a great business plan focusing on people, opportunity, context, risk, and reward. To complete a business plan, you must add one more section: your key performance metrics and financials. To decide what metrics matter and how they affect your financials, I’d like to share a framework from Amazon. They categorized key metrics into three buckets: output metrics, input metrics, and efficiency metrics.
What metrics matter
What metrics matter
What metrics matter
Last week, we talked about writing a great business plan focusing on people, opportunity, context, risk, and reward. To complete a business plan, you must add one more section: your key performance metrics and financials. To decide what metrics matter and how they affect your financials, I’d like to share a framework from Amazon. They categorized key metrics into three buckets: output metrics, input metrics, and efficiency metrics.