Many leaders and business owners recognize the need to manage employee performance but don’t necessarily have robust performance management frameworks in place to manage overall business health. This results in a number of challenges. How will you know whether you are on track to meet your annual and long-term goals? Do you have mechanisms in place for early warning signs that something is not going according to plan? Additionally, many business owners focus on revenues, but there is a myriad of other drivers that you can monitor so that you can proactively adjust your course of action as conditions change. Therefore, performance management of your employees and vendors is a good start, but you also need to make sure you are managing the performance of your overall business.