The attrition rate measures the number of employees who’ve left an organization within a set period of time. Learn to calculate & decrease this number.
What is a healthy year-over-year growth rate? This value can vary for every business, depending on your goals and objectives. The growth rate should also be sustainable for that specific business, ensuring you can handle more customers and dedicate extra resources. ...
Customer Lifetime Value is the amount a customer is expected to spend with your business during the “lifetime” of their relationship with you. Also known as CLTV, CLV, or Lifetime Value (LTV), it can be used to highlight the importance of value creation for your customers. Ultimately,...
That might mean a minimum order quantity of 50 units—wholesalers must exceed this threshold to place an order. Review wholesale prices regularly New competitors, cost-effective suppliers, and fluctuations in customer demand can all impact your wholesale pricing strategy. That’s why it’s ...
Learn how to calculate gross and net burn rates to forecast your cash runway better. Understand what makes a good burn rate and how to improve it.
The upper control limit is one part of a control chart that allows you to identify common and special cause variations. If you understand how the upper control limit was designed to work, then you have the key to effective process improvement....
In this section, we'll explore two effective methods to calculate moving averages in Excel. Step by step, we'll guide you through each process, ensuring that you can efficiently apply these techniques to your data analysis tasks. Calculate moving average in Excel using the AVERAGE function ...
Customer acquisition cost (CAC) is the cost of resources you spend to acquire new customers. If the customers churn before you get your money’s worth, you face losses. So, ultimately a low churn rate would mean that the money you spend on acquiring customers is not wasted....
Step 4:Convert the pip value into your accounting currency using the prevailing exchange rate. What Does Pip Value Mean? The “pip value” of a given trading position is its change in value due to a one-pip move in the relevant foreign exchange rate, all other factors remaining equal. The...
Your lead close rate is one of those metrics that you want to be as high as possible. The higher it is, the more revenue you’re driving. But what if it’s not as high as you’d like it to be? How can you improve it?