Is Your Amazon FBA Business Ready For An Exit? KPIs Can Give You A Clue

Obvious as it sounds, that’s a great place to start.

If your business were a machine (and in many ways it is), you’d want to know things that tell you exactly how well it’s running, if any danger looms, etc. For example, if it were a car you’d like to know the fuel level. Especially for a long trip.

But would that matter minute-by-minute while you’re on the road?

Oil pressure might be a better thing to keep a steady eye on. Temperature. Maybe even speed. On the other hand, you might or might not consider things like radio volume or seat position KPIs. Those things are important, in their own way, but they may not be the sort of at-a-glance info you need in order to quickly assess the current state of your machine.

And so, though it’s a simple exercise, the answers to that question give you the monitoring system you need to easily, effectively drive your business.

Once you have your KPIs you’ll want to see them in comparison to previous periods. In the example of the machine, you might also want to know how your speed matched up at previous points, in order to see how your current performance compares to how you were doing in the past.

And that’s the real indicator. Trends.