Five Minute Friday: The Retail Metrics You Can’t Afford to Ignore
In this Five Minute Friday, Ashley is getting real about the numbers that actually drive growth in your business. It’s not just about sales—because sales are a lagging indicator. If you want to grow, you need to start tracking the leading metrics that influence your results before they show up in your bank account.
Ashley shares what she’s learned from implementing the Entrepreneurial Operating System (EOS) and how having a weekly company scorecard has been a game changer for The Boutique Hub. If you're ready to lead your business like a true CEO, this episode is your starting point.
What You’ll Learn:-
Why tracking the right numbers matters more than chasing sales
-
The difference between lagging and leading indicators
-
The key metrics every retail scorecard should include:
-
Average Order Value
-
Conversion Rate
-
Traffic Goals
-
Inventory Aging + On Order
-
-
How to empower your team by sharing the scoreboard
-
What business owners can learn from coaching a sports team
Free Retail Traffic Calculator