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Benchmarking – Explained in simple terms

February 16, 2023February 16, 2023 Young Entrepreneur actionable results, areas for improvement, benchmarking, best practices, clear, company, competitive benchmarking, competitiveness, competitors, continuous improvement, costly, customer satisfaction, customer surveys, data, efficiency, employee productivity, financial reports, improve, industry benchmarking, industry peers, industry publications, internal benchmarking, key performance indicators, kpis, learning, long-term process, operations, performance, practices, process, product quality, products, services, sources, strength, time-consuming, weakness

Benchmarking is a process that involves comparing a company’s performance or practices against those of its competitors or peers in

KPIs, Key Performance Indicators – Explained + Examples

February 16, 2023February 16, 2023 Young Entrepreneur adjust, AOV, average order value, business, CAC, choose, CLV, Customer Acquisition Cost, customer data, Customer Lifetime Value, Customer Retention Rate, customer satisfaction, employee productivity, employee turnover rate, evaluate, financial, fitness, goals, improvement, individual, inventory turnover, key performance indicators, kpi, kpis, learning, measurable, measurements, Net Promoter Score, NPS, objectives, operational, organization, progress, project timelines, qualitative, Quality control, quantitative, response time, return on investment, review, ROI, sales revenue, smart, social media engagement, specific, team, time to hire, track, user experience, website bounce rate, website conversion rate, website traffic

KPIs, or Key Performance Indicators, are a type of measurement used to evaluate how well an organization, team, or individual

Discipline divorced from wisdom is not true discipline, but merely the meaningless following of custom, which is only a disguise for stupidity – Rabindranath Tagore

November 8, 2022November 8, 2022 Abdallah Alaili bootstrapping, contrarian opinion, contrarian thinker, discipline, learning, passion, perseverance, persistence, popular opinion, Rabindranath Tagore, success, wisdom

I found this amazing gem of a quote, and decided to write about it. It goes against a lot of

bill gates inaction

Bill Gates – Overestimate & underestimate the change … Don’t let yourself be lulled into inaction

July 2, 2022July 2, 2022 Abdallah Alaili achieve, bill gates, change, inaction, learning, overestimate, plan, planning, underestimate

We always overestimate the change that will occur in the next two years and underestimate the change that will occur

Give me six hours to chop down a tree and I will spend the first four sharpening the axe – Abraham Lincoln

February 17, 2022February 17, 2022 Abdallah Alaili abraham lincoln, learning, optimization, skills, tools

No need to explain in details whom Abraham Lincoln was, i will just say he is one of the most

skii and entrepreneurship

entrepreneurship

Entrepreneurship is like Skiing

January 31, 2022January 31, 2022 Abdallah Alaili fun, learning, risk, risk management, skii

While skiing, i got this idea that i wasn’t able to shake off: Skiing is hard, fun, risky and needs

how to find business mentors

Business Latest

How to Find Business Mentors

November 16, 2021December 19, 2021 Abdallah Alaili attitude, business, coach, hammurabi, learning, mentors, small business, success, tips

Definition and meaning of mentors. Before learning how to find business mentors, let’s start first by understanding the definition of