Key steps to tracking business progress: Set Specific Goals: Clearly define what you want to achieve in terms of sales, customer acquisition, market share, etc., to have a benchmark for measuring progress. Identify KPIs: Determine the key metrics that best reflect your business goals, like website traffic, conversion rates, customer lifetime value, or average sale amount. Choose Tracking Tools: Select appropriate software or spreadsheets to record and monitor your KPIs, including sales data, marketing campaign performance, and customer engagement metrics. Regularly Review Data: Analyze your data on a consistent basis (weekly, monthly, quarterly) to identify trends, areas of improvement, and potential issues. Financial Analysis: Regularly review your income statement, balance sheet, and cash flow statement to understand your financial health and profitability. Customer Feedback Monitoring: Gather feedback from customers through surveys, reviews, and support interactions to gauge customer satisfaction and identify areas for improvement. Compare to Business Plan: Regularly compare your actual performance against your initial business plan to assess whether you are on track to achieve your goals. Examples of metrics to track based on business type: E-commerce: Website traffic, conversion rate, average order value, customer acquisition cost Retail: Sales per square foot, customer retention rate, average transaction value Service-based: Client satisfaction score, project completion rate, lead conversion rate .