Must-Know Tips To Measure Your Growth(Business)

1)Clientele- A company’s clientele tells a lot about the trust that the company has managed instill in their clients and this indeed is a mark of the company’s growth.

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2)Customer review- Every company aims for accolades from their customers, a place in their good books is a sign of the strong bond it shares with its customers.

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3)Employee performance- A highly motivated workforce is what keeps the company going, providing an impetus for the employees to pull up their sock is what improves employee performance.

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4)Profit margin- The profit margin is nothing but the ratio of the profit earned to total sales receipts, it is designed to gauge the growth of a business or industry in terms of its financial status. A high profit margin is an indicator of high financial stability and prosperity.

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5)Company goodwill- A company’s goodwill is the brand value it has acquired in terms of its intangible assets like reputation amongst customers, employee satisfaction etc. Having an excellent goodwill helps the company set an unmatched benchmark.

6)Brand recognition and recall- Brand recognition is the extent to which a costumer can identify a product or service in just a glance at the packaging, ad, logo etc and brand recall is the ability of the customer to correctly recollect the brand name. A high brand recognition and recall hints at a highly established brand name.

 

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