Introducing Goals

Achieving Success through Clear Business Goals

Setting business goals is an important aspect of running a successful company. Well-defined goals can boost motivation and performance, helping your business grow and reach its potential.

In this guide, we’ll explore how to set and track Goals using By the Numbers, and how they can benefit your business.

Let’s get started!

What Are Goals?

Goals are specific business objectives that make it easy to track your progress and evaluate your performance. When combined with forecasting, they can be an effective tool for motivating your team.

Every Goal is made up of three components:

• Goal: This is what you want to monitor. Goals can be set up to monitor Sales Revenue or Orders.
• Metric: This is how you’ll measure success within the Goal you’ve selected. Metrics can be set to either Total Increase or Percent Increase.
• Period: This is how often you want to achieve your Goal. The period can be set to Weekly, Monthly, Quarterly, or Yearly.

How To Set Up A Goal

To set up a Goal, follow these steps:

1. Select “Goals” from the left menu bar.
2. Click “Create Goal”.
3. In the modal window that appears, give your Goal a name and description.
4. Choose what Goal you want to monitor (Total sales or Orders).
5. Select a Metric (Total or Percent growth).
6. Set the Period (Weekly, Monthly, Quarterly, or Yearly).
7. Optionally, you can select a specific customer segment from the “Customer Segment” dropdown menu (default is “All Customers”).
8. Optionally, check the “Display on Overview Dashboard” checkbox to display the Goal on the overview dashboard.

How To Monitor and Manage Your Goal

You can monitor and manage your Goals by tracking your progress using the green progress bar. The solid line shows realized sales, while the dotted line shows future predicted sales. You can edit or delete a Goal by clicking the pen or trash icons in the top right corner of the Goal card.

Goals are always in one of three states:

1. Failure Forecast.

Failure forecast means that you aren’t expected to achieve your Goal based on your forecast Sales Revenue or Orders. In this state, you Goal displays the “😕” emoji:

2 .Success Forecast.

Success forecast means that you are expected to achieve your Goal based on your forecast Sales Revenue or Orders. In this state, you Goal displays the “🚀” emoji:

3. Success.

Success means that you’ve achieved your Goal! In this state, you Goal displays the “🎉” emoji:

What Can You Do With Goals?

Simply setting a goal and forgetting about it until the end of the quarter isn’t effective. It’s important to regularly track progress towards your goals to ensure that you are making progress.

By the Numbers makes it easy to set and track business goals, as well as access over 20 other reports, metrics, and tools to help inform your decision-making.

Try By the Numbers for free for 14 days — no credit card required. Start using data-driven insights to grow your business today!

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