I am a software developer, and my job wants me to do data analytics. I felt like this was a good introduction to understand what my client is talking about when they mention KPI. (I have no business education)
I'm happy to hear this was helpful. People are often not clear about what they mean by "KPI." I'm sure you can help may of your clients by knowing how to utilize KPIs in the right way.
Great question. I've found that to be the sweet spot in terms of covering the main areas of a business while still keeping things simple and effective. Too few KPIs = you miss key insights. Too many = the key insights get diluted with "noise" (things that are less/not important).
Thanks for explaining KPI's with examples. I was lost with too much information out there, but your video was very clear and helpful. Now, I understand the whole picture of KPI's. Thanks a lot.
Thank you very much. I'm just learning about KPIs, and this makes it so easy to understand. I saved your video so I can come back and re-watch later. Awesome work!
Check out the free KPI tool I show you in this video, you can access it via the Google Drive app on a mobile phone: ua-cam.com/video/qg-GHYYNT9w/v-deo.html&t
Hi Daniel, great video, keep it up....can you or anyone let me know is there any ISO standard for guidance on KPIs or not ? Any other international standard ?
@@DanielAudunsson thanks, I did a quick research ISO 22400:2014 talks about KPIs although this standard is about automation and integration, Perhaps you can enlighten us in one of your videos on this in near future, cheers
This is really helpful to easily understand nd i like your video and the way you make it understandable , i really enjoy this video with smile on my face. The way you were explaining it makes me feels that this video never gonna end . Thank you:)
@@DanielAudunsson Dear Daniel Audunsson, For the first 6 minutes, this video describes on and on, the same thing, in different ways: "That KPIs, help the business to monitor their present and future performance." I will continue to watch the rest video another day, and it may give great guidance after those 6 minutes, but for future reference, I would kindly recommend trying to not have a repetitive pattern in your descriptions, especially at the beginning of a video. I wish you a wonderful weekend and thank you for your overall educational contribution. :)
You're welcome. That's a great question: You can cycle between targets. Meaning if for say half of the year revenues are significantly lower, it might not make sense to focus on growing revenues during that time (or, it might). Instead you can focus on improving another aspect of your business during that time. We (ecommerce) generally cycle between focusing on improving top-line revenues ("bulking") and bottom-line profitability ("cutting"). This is more effective than trying to do both at once, which can be counterproductive. I hope this makes sense and is helpful.
@@DanielAudunsson thank you for your response! I have another question I can't seem to find an answer for: Should we be running KPI's based on our accrual accounting or cash-based accounting? we use Quickbooks Online accrual-based but it can be switched to cash if needed. Seems my CRM sales numbers and QBO sales numbers are so different I'm confused whats best. Thanks again! 🙏
@@brushmasterspaintingfranchise you're welcome! You can do either (depends on the nature of your business what makes the most sense) but in general, I prefer cash-based accounting when it comes to KPI's. "Cash balance" is a good KPI to include regardless, btw.
Thank you very much. You changed my perspective, now I know that I can do my own KPIs. You put in the video that structured simplicity that we were all looking for.
Thanks for the video. Very valuable information on the basics of a business. I have a question regarding what is a KPI in my line of work or for my personal life if I want to use it for that? If I think of a KPI for my business it would be something like sales calls, modules of the program made, or posts made with engagement. And if it is in my personal life it could be with times I did the morning routine, days I did exercise hoor days practice with x hobbies. Am I getting it correct?
Hi Leonardo, I'm glad to know you found this information valuable! Yes, you are on the right track. Check out this other video I made specifically about Personal KPI's (with examples & tracker template): ua-cam.com/video/gh_3Es7rnFs/v-deo.html
Hi Rolan, if you want to learn more about the specific tactics / strategies I've developed over the years to achieve good results in business then you can check out my free case study here: get.intoprofits.com
I have a question for you Daniel, I have watched a lot of videos about kpis and most of them are strategic indicators. I am a union electrician and I'm looking for ways to build metrics systems for the line level. Any ideas or suggestions on resources?
With all my respect, it seems your idea about KPI optimization is NOT clear , and you do NOT know what you are talking about !!! Basically, before we start any project we have to build our PKIs matrix , then, we optimize it, how? assume PKI(X)i = F(X)i is the desired PKI to be optimized , provided that = constant = X0 and PKI(X)i+1, PKI(X)i+2 , ..... PKI(X)n-m, ..., PKI(X)n = constant Xc -----> First iteration Now we got the values of (PKI )i=0 , (PKI) i= 1 , so, we choose another (KPI )i to optimize and fill the PKI matrix considering all other PKI are constants except PKI (X) i=0 , PKI (X) i=s we put their values ---------> second iteration after n iteration we are getting the optimized solution to all our all PKI
@@DanielAudunsson I would be very interested to hear who are you learning from, or who is your mentor? Equally excited to hear if you have a list of books or studies you would recommend that helped you to get where you are today. You could make a great video of that! :)
@@akossz1575 well noted, that is a good idea! I will make a note of that. It's been a lot of different people over the years. I try to learn from different fields because I find that a lot of what applies to one area applies to another.
Thanks for watching! Let me know what you think here in the comments?
Hi can I send you a message?
@@jennelynalegarbez2826 sure, you can email us at support@intoprofits.com
This video deserves millions of views. Thank you so much for your great explanation. Wish you all the best.
You're welcome Joamar and I appreciate your kind words. Likewise, I wish you the best!
I am a software developer, and my job wants me to do data analytics. I felt like this was a good introduction to understand what my client is talking about when they mention KPI. (I have no business education)
I'm happy to hear this was helpful. People are often not clear about what they mean by "KPI." I'm sure you can help may of your clients by knowing how to utilize KPIs in the right way.
I totally enjoyed this video. I am new to creating KPI. This video broke it down to a more consumable information. Thank you for sharing!
You're welcome! I'm so glad to know it is helpful.
Nice Lecture. Thank you very much!
You're most welcome! I appreciate your comment. :-)
Thank you so much from Viet Nam Daniel. I both learn english + HR knowledge. Hope will have more userful videos from your team :) :)
You're welcome! Happy to hear from you. I love Vietnam. We'll be in touch. 😊
Thank Daniel, I.m finding any remote job and hoping have some recomendation from all you 🙂🙂
Thanks for the lesson explained.
You are welcome!
Very helpful and clear to understand because its totally new to me
Great to hear Sandra! Thank you for sharing.
Very good. really good!
Thank you!
Is there any specific reason to select 6-12 kpi? I mean why not more not less?
Great question. I've found that to be the sweet spot in terms of covering the main areas of a business while still keeping things simple and effective. Too few KPIs = you miss key insights. Too many = the key insights get diluted with "noise" (things that are less/not important).
Thanks
Welcome
This is good
You're so handsome 😍
Thanks for explaining KPI's with examples. I was lost with too much information out there, but your video was very clear and helpful. Now, I understand the whole picture of KPI's. Thanks a lot.
Glad to hear it Claudia. You're welcome and thank you for your comment.
Thanks
Welcome
Wow! This has to be the best piece of information out there on KPIs. This made sense to me and very easy to understand. Thank you
Excellent, happy to hear it! Thank you for sharing Yvette.
I totally agree
Thank you for the examples.
Glad it was helpful.
Lee Timothy Davis Maria Jackson Ronald
Hernandez Donald Jackson Ruth White Susan
thanks for sharing Sir. How about to evaluate KPI results in unit bussiness or individu?
Thank you very much. I'm just learning about KPIs, and this makes it so easy to understand. I saved your video so I can come back and re-watch later. Awesome work!
I'm so glad it is helpful! Thank you for your kind comment.
This is very helpful. Could you help at different field ? For instance; engineering or maintenance
Good to hear. Well most of this applies to any business model, currently I am mostly focused on online business models.
The best I have seen so far, thank you for taking the time and considering your viewers
Glad to hear it Oris, you're welcome and thank you also for sharing.
thank you. I'm just learning about KPIs, and this makes it easy to understand
That's great to hear!
Lewis Patricia Brown Mark Martin Michael
Great video and well detailed. The examples were the magic in it. Thanks
Glad to know you enjoyed it, and thank you for the feedback!
Great!!! Just a bit complicate for me because just start to do KPI for my job and business.
Thanks for the feedback! Then I might create another video with a simpler explanation.
This is really Gold/Diamond/Bitcoin at this moment in my life, thank you so much!
You're welcome!
Can you please explain briefly using CSF to KPI and Benchmarking
CSFs are like OKRs, I have a separate video explaining OKRs vs KPIs (and how we use both together): ua-cam.com/video/C_wS5Nuf1NM/v-deo.html
ty
@@DanielAudunsson
I want to ask if I can get kpi application on my Android phone.?
Check out the free KPI tool I show you in this video, you can access it via the Google Drive app on a mobile phone: ua-cam.com/video/qg-GHYYNT9w/v-deo.html&t
Hi Daniel, great video, keep it up....can you or anyone let me know is there any ISO standard for guidance on KPIs or not ? Any other international standard ?
Thank you Naveed! I believe this does exist but I'm not familiar with the details of it.
@@DanielAudunsson thanks, I did a quick research ISO 22400:2014 talks about KPIs although this standard is about automation and integration,
Perhaps you can enlighten us in one of your videos on this in near future, cheers
Thank you Daniel, beautifully explained and to the point. Examples were awesome it really helped me understand the KPI's now.
You're very welcome Sujeet, and that's great to hear! Appreciate your comment.
This is really helpful to easily understand nd i like your video and the way you make it understandable , i really enjoy this video with smile on my face. The way you were explaining it makes me feels that this video never gonna end . Thank you:)
Thank you for the wonderful feedback! I'm happy to hear you enjoyed the video so much :-)
@@DanielAudunsson Dear Daniel Audunsson, For the first 6 minutes, this video describes on and on, the same thing, in different ways: "That KPIs, help the business to monitor their present and future performance." I will continue to watch the rest video another day, and it may give great guidance after those 6 minutes, but for future reference, I would kindly recommend trying to not have a repetitive pattern in your descriptions, especially at the beginning of a video. I wish you a wonderful weekend and thank you for your overall educational contribution. :)
This is very helpful. I feel equipped to create the kpis for my new business.
Excellent! That's great to hear.
Hi Daniel,
Your explanation is clear and on point.
Thank you!
You are welcome!
we want to put KPI into practice a bit more
Sounds good!
i like your video thank you. I have trouble with the seasonality of my business. How do you go about developing a target with seasonality? thx
You're welcome. That's a great question: You can cycle between targets. Meaning if for say half of the year revenues are significantly lower, it might not make sense to focus on growing revenues during that time (or, it might). Instead you can focus on improving another aspect of your business during that time. We (ecommerce) generally cycle between focusing on improving top-line revenues ("bulking") and bottom-line profitability ("cutting"). This is more effective than trying to do both at once, which can be counterproductive. I hope this makes sense and is helpful.
@@DanielAudunsson thank you for your response! I have another question I can't seem to find an answer for: Should we be running KPI's based on our accrual accounting or cash-based accounting? we use Quickbooks Online accrual-based but it can be switched to cash if needed. Seems my CRM sales numbers and QBO sales numbers are so different I'm confused whats best. Thanks again! 🙏
@@brushmasterspaintingfranchise you're welcome! You can do either (depends on the nature of your business what makes the most sense) but in general, I prefer cash-based accounting when it comes to KPI's. "Cash balance" is a good KPI to include regardless, btw.
@@DanielAudunsson dude thatnk you
Thank you very much. You changed my perspective, now I know that I can do my own KPIs. You put in the video that structured simplicity that we were all looking for.
That's so cool to hear. Thank you for sharing!
Thank you. This was very helpful. Now I can use this template for my business
Glad it was helpful! I hope you make the most of it. Wishing you success.
Thanks for the video. Very valuable information on the basics of a business. I have a question regarding what is a KPI in my line of work or for my personal life if I want to use it for that?
If I think of a KPI for my business it would be something like sales calls, modules of the program made, or posts made with engagement.
And if it is in my personal life it could be with times I did the morning routine, days I did exercise hoor days practice with x hobbies.
Am I getting it correct?
Hi Leonardo, I'm glad to know you found this information valuable! Yes, you are on the right track. Check out this other video I made specifically about Personal KPI's (with examples & tracker template): ua-cam.com/video/gh_3Es7rnFs/v-deo.html
thanks so much for this video, very insightful and helpful, awesome examples, thanks
You're welcome, thank you for your kind comment!
Thanks, good video
Glad you like it.
Thank you for your methodology
Welcome 😊
Nice video thanks
I'm glad you like it!
Awesome!!! I can glean important information from this great presentation for application in managing health business. Thank you very much.
Excellent! Happy to hear that.
i must say that you are a good teacher, I felt connected to your teaching model. I am new to kpi but I know a lot from watching this video.
Thank you! I appreciate you saying that, and happy to hear it.
Hi.. What strategies you did to make your kpi's successful?
Hi Rolan, if you want to learn more about the specific tactics / strategies I've developed over the years to achieve good results in business then you can check out my free case study here: get.intoprofits.com
I have a question for you Daniel, I have watched a lot of videos about kpis and most of them are strategic indicators. I am a union electrician and I'm looking for ways to build metrics systems for the line level. Any ideas or suggestions on resources?
Hi Brian, unfortunately I don't have any experience in your field so I'm not aware of any resources.
Thank you. Plan to use some of these ideas with my team.
That's great to hear.
Thank you for this lecture. Well covered all information
You're welcome - glad it was helpful.
Thank you for the thorough explaination! This helped me alot.
You're welcome! I'm glad to hear that. Thank you for sharing.
Very helpful! Thanks!
Good to hear and you're welcome Elisa!
Thanks
Welcome!
Great one😊🙏🙏
Thank you 🙌
Thank you for your content and allowing others to learn from you.
I appreciate your kind comment! Glad to know it's helpful.
Good presentation.
Thank you, glad you liked it.
Great, thx )))
Welcome!
Thank you. Amazing breakdown and analysis.
I'm happy to hear you like it. Thank you for your comment!
This was some great information it was a great refresher.
Thank you Lisa, I'm glad to know it was helpful.
I love your explanation thank you so much
You're welcome. Thank you for letting me know!
With all my respect, it seems your idea about KPI optimization is NOT clear , and you do NOT know what you are talking about !!!
Basically, before we start any project we have to build our PKIs matrix , then, we optimize it, how?
assume PKI(X)i = F(X)i is the desired PKI to be optimized , provided that
= constant = X0 and
PKI(X)i+1, PKI(X)i+2 , ..... PKI(X)n-m, ..., PKI(X)n = constant Xc -----> First iteration
Now we got the values of (PKI )i=0 , (PKI) i= 1 , so, we choose another (KPI )i to optimize
and fill the PKI matrix considering all other PKI are constants except PKI (X) i=0 , PKI (X) i=s
we put their values ---------> second iteration
after n iteration we are getting the optimized solution to all our all PKI
Thanks for your input- unfortunately nobody came here to speak to you !
So good bye.
Tack for en super bra presentation, precis borjat min MBA. :)
Velkommen og lycka till! :-)
Super appreciate the whiteboard explanation!
Cool, happy to hear it!
Amazing video and easy to grasp
Thank you Diana, happy to hear it!
Perfect KPI video
Thank you! Happy to hear it.
Brilliant! Massively helpful!
Excellent! KPI's are such a good tool.
@@DanielAudunsson I would be very interested to hear who are you learning from, or who is your mentor? Equally excited to hear if you have a list of books or studies you would recommend that helped you to get where you are today. You could make a great video of that! :)
@@akossz1575 well noted, that is a good idea! I will make a note of that. It's been a lot of different people over the years. I try to learn from different fields because I find that a lot of what applies to one area applies to another.