KPI, or key performance indicators, are ways for business owners and managers to measure performance in various key areas of the business. There are many KPI that can be measured for different businesses. Investors and banks look at KPI when they consider becoming involved in a business to make sure its prospects look good.Usually used to show the status of a business, KPI have a second important function: to allow businesses to set achievable goals. Once KPI are known, plans for growth and for improvement in key areas can be made.
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