OpenUp: Matching KPIs to Business Models for Startups
Key Performance Indicators (KPIs) illuminate business growth and are the cornerstone of key operational insights that drive every business forward. KPIs quantify outcomes and performance over time and align all actions to achieve your company’s objective – to be as lucrative as possible. KPIs provide a universal way to communicate results that companies can measure their achievements by, and as such, becomes a common part of the business description.
Most importantly, when your company is ready to seek outside investment, you will be expected to have your company’s KPIs tracked and connected to your future financial forecast because these variables will put the investment into action to drive predictive results.
KPI types vary between business models and company maturity. Companies that take the KPI regiment seriously starting at the beginning of company formation and market penetration can be more efficient in strategy and execution. If businesses manage their maturity according to measured indicators, they can identify important aspects such as proper capital resources including possible outside investment.
This workshop will go through the fundamentals of KPIs and give the viewers direction on how to discover the right KPIs for their business model and also build the right practices to align strategy and execution.
We will cover:
- KPIs that are relevant to the business stage
- KPIs that match the business model
- Helpful KPI practices that can keep startups aligned and excited
- How KPIs tie into your financial Pro-forma
WHO SHOULD ATTEND
Founders and leaders in startups or companies that are either experimenting with the product-market fit are hitting a growth moment or a business pivot, or are considering raising capital by either debt or equity.
This is a recording of the live, virtual workshop hosted that was hosted over Zoom
Meet The Expert
Nate McBride, Partner, and CFO at Tamarak Capital will be this workshop’s special guest. Nate has extensive experience working with high-growth companies so they are efficient operationally and financially. He offers sage advice and practical approaches about managing performance to startups. Nate is an expert on accessing capital, has raised funds through public offerings, private offerings, debt, and venture financings and constantly offers his knowledge and service to startups.