Finance and Leadership

Financers use metrics to evaluate the success and growth of a company by establishing attainable financial goals. With the numerical data they collect from any business, financers produce formulas that estimate, among other things, growth, profit, income, and expenses. These metrics are called Key Performance Indicators (KPI’s).

KPI’s provide direction for a strategic improvement and, because they work towards a specific goal, they are also widely applied by marketers, who use them in their campaigns. By tracking and measuring data, it is possible to comprehend progress and understand what has to change to reach the desired objective.

When trying to achieve personal goals, KPIs are also useful. If we set ourselves any purpose, we can collect data and calculate our improvement through time. First, it is paramount to recognize an objective we want to achieve. Later on, we can establish the metrics.

Sometimes our goals are too big for us, but everything is attainable if we set to make some changes, improving every day. It is easy to lose focus or not to see progress. If we gather the required data, we can use KPI formulas used by financers to track progress and success.

Leadership is also about understanding your personal goals. Sometimes, the best way to inspire change is to set yourself goals and inspire your team into making small changes themselves. Then, a leader may use KPIs to track and identify the progress made. Small steps always go a long way.