7 Essential Metrics Every Startup Founder Must Track Daily

To run a successful startup, you need to manage a lot of things. One of the most important things to keep track of is your numbers. 

These numbers show whether your business is doing well or not. They help you make better decisions.

In this article, we share seven important metrics every startup founder must track daily. Let’s have a look!

1. Monthly Recurring Revenue (MRR)

Monthly Recurring Revenue or MRR is the amount of money your business earns every month. If you are running a startup, you must track your MRR. 

It shows steady income and helps you understand how much money you can earn each month.

2. Daily Revenue

Daily revenue is the total amount of money you make daily. This number helps you understand how your business is performing right now. 

A lower daily revenue may show a drop in sales or a loss. So, checking daily revenue, you can easily find problems.

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Also, for smooth business operations, you must have a fast internet connection. Click here, https://speed.is/, to check your connection performance. 

3. Burn Rate

Burn rate shows how much money your startup is spending every month. This includes salaries, rent, and other costs. 

Tracking your burn rate will help you know how long your money will last and avoid running out of money.

4. Customer Acquisition Cost (CAC)

Another important metric every startup founder must track daily is Customer Acquisition Cost. It is the amount of money you spend to get a new customer. 

Tracking CAC helps you know if your marketing is working or not. If your CAC is higher than earnings, you are losing money. 

5. Conversion Rate

Conversion rate shows how many people take action on your website, such as making a purchase or signing up for a free trial. 

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A good conversion rate means your website is performing well. However, a low rate means you may need to improve your services.

Moreover, your startup has a stable internet connection to track important metrics. You can use BSNL’s speed test to check your internet speed. 

6. New Leads

As a startup founder, you should also track new leads. New leads show how many people are interested in your product or services. 

Tracking new leads daily helps you see if your marketing is bringing in customers.

7. Traffic Sources

Last but not least, traffic sources show where your visitors are coming from. This could be google, Facebook, Instagram, or other websites. 

Knowing your traffic sources helps you understand which channels attract the most people.