{"id":446,"date":"2021-05-03T17:24:00","date_gmt":"2021-05-03T17:24:00","guid":{"rendered":"http:\/\/321-growth-academy-2023.local\/growth-snacks-metrics-101-recap\/"},"modified":"2023-11-02T21:12:04","modified_gmt":"2023-11-02T21:12:04","slug":"growth-snacks-metrics-101-recap","status":"publish","type":"post","link":"https:\/\/321growthacademy.com\/growth-snacks-metrics-101-recap\/","title":{"rendered":"Growth Snacks: Metrics 101 (Recap)"},"content":{"rendered":"\n

Metrics matter.<\/p>\n\n\n\n

Sometimes you have to track metrics for no other reason than your investors want you to track them. In that case, you\u2019d better do it!<\/p>\n\n\n\n

However, tracking metrics also affords entrepreneurs the opportunity to measure the efficacy of their practices. Everything from sales, to marketing to performance can \u2013 and should \u2013 be tracked.<\/p>\n\n\n\n

But where to start? Which metrics should you track, and how do you know that the metrics you\u2019re tracking are worth the trouble?<\/p>\n\n\n\n

That\u2019s a great question and the answer to all great questions is: it depends!<\/strong><\/em><\/p>\n\n\n\n

We know tracking and utilizing metrics can be a tall order for a lot of founders, which is why we sought out to give the 321 community a primer on the wide world of metrics at our most recent Growth Snack.<\/p>\n\n\n\n

Lets dive in.<\/p>\n\n\n\n

Unit economics: What are they and how do you calculate them?<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Unit economics measures whether you are making money off a customer or user, in a typical deal. Think of it as a \u201cper customer ROI\u201d metric. It\u2019s margin math. Unit economics basically asks, \u201cwith every new customer you add, are you making money?\u201d.<\/p>\n\n\n\n

Without a firm grasp on unit economics, it becomes very hard to:<\/p>\n\n\n\n