What is a Biz Plan?
A business plan outlines a company's goals and how it plans to achieve those goals. It contains detailed strategies and information about the company's products or services, market, and finances. Business plans are essential for startups and small businesses, as it serves as a guide to help owners plan and manage their operations.
What's included in this Biz Plan template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the Biz Plan template for?
This biz plan template is designed for startups and small businesses in various industries looking to create a comprehensive business plan. It provides a framework to help structure the business plan and use measurable targets (KPIs) to track progress. The template offers guidance on how to define focus areas, objectives, and projects, as well as how to utilize a Cascade Strategy Execution Platform to see faster results from your strategy.
1. Define clear examples of your focus areas
A focus area is a broad category of goals that a business wants to achieve. Examples of focus areas may include Business Model Development, Operations, and Marketing. It is important to define clear focus areas in order to be able to set measurable targets (KPIs) and implement related projects to achieve those targets.
2. Think about the objectives that could fall under that focus area
Objectives are specific, measurable goals that a business wants to accomplish within a given focus area. Objectives should be realistic, achievable, and measurable in order to be able to track progress. Examples of some objectives for the focus area of Business Model Development could be: Develop a sustainable business model, and Establish a pricing structure.
3. Set measurable targets (KPIs) to tackle the objective
Key Performance Indicators (KPIs) are measurable targets that help businesses track progress towards their objectives. KPI's should be specific, measurable, attainable, relevant, and time-bound. Examples of KPI's can include reducing customer research time, optimizing pricing structures, increasing operational efficiency, and decreasing customer complaints.
4. Implement related projects to achieve the KPIs
Projects are actions that businesses can take to achieve their KPI's. Examples of projects include researching and analyzing customer needs, analyzing industry pricing trends, implementing automated tasks, and developing customer service training programs.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is a powerful tool for tracking progress towards your business goals. It provides a comprehensive view of your objectives, targets, and projects, and helps you ensure that you are on track to reach your goals. The platform also makes it easy to measure and analyze the performance of your initiatives, enabling you to adjust your strategy in real-time.