Alternative text: Beware of Vanity KPIs
Alternative text: lies and statistics in startups
Alternative text: Band-Aid Marketing - Josef Katz Marketing Maestro
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The marketing blog by Josef Katz covers Digital Marketing, Direct Marketing, Internet Marketing, SEO, Social Media and more. Learn from the marketing blog
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Marketing Maestro
Vanity can easily overtake wisdom. It usually overtakes common sense. - Julian Casablancas I recently wrote that startups require focus and identified KPIs (Key Performance Indicators) as one area startups should focus on. However, having worked (advised and mentored) a number of different startups with various business models, I have noticed that it is amazing to watch how a KPI can become a vanity KPI. A vanity KPI is sometimes used to talk about how great the company is doing when in reality, the KPI in question has little to do with the true health of the business or the bottom line. Many times people will pat themselves on the back for hitting a specified vanity KPI without realizing how little its “success” contributes to the business. Every business has different indicators to their success. It is incumbent on the leadership team, investors and team members to question KPIs which seem too good to be true and may not be true indicators for the health of the business. Let’s take a
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