Cannabis Metrics- Measuring Success
All businesses no matter the industry, strive to build a better business through looking towards the future, as well as monitoring current data and establishing a baseline for business. Knowing what to watch for , and how to take action with the data can be the hardest part for some businesses. Key performance indicators (KPI’s) are the backbone of data which help to measure success and provide the insights needed to make strategic decisions. Cannabis companies (actually any company) should implement KPI’s to ensure they are making strategic business decisions to help them grow and cut unnecessary costs.