What is a Simple Business Plan?
A simple business plan outlines the objectives, goals, and initiatives that a business will use to achieve its desired outcomes. It is a blueprint for success that provides a clear roadmap for the business to follow in pursuit of its objectives. It is important to create a simple business plan to ensure that all employees are aware and aligned to the company's strategic direction.
What's included in this Simple Business 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 Simple Business Plan template for?
This simple business plan template is designed for entrepreneurs who need a straightforward and effective way to create a business plan that can be used to guide their business into the future. It can also be used by business leaders and teams who are looking for guidance on how to create a comprehensive business plan that will help them succeed and reach their goals.
1. Define clear examples of your focus areas
A focus area is a specific area where you want to direct your business's resources and efforts in order to achieve your desired outcome. Examples of focus areas may include increasing revenue, increasing efficiency, increasing customer engagement, improving customer loyalty, and increasing employee productivity.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that you set in order to reach your focus areas. For example, if your focus area is increasing revenue, your objectives may include increasing sales, improving customer satisfaction, and increasing customer referrals.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (key performance indicators) are measurable targets that you can use to determine whether or not you are making progress toward your objectives. Examples of KPIs include monthly sales targets, customer satisfaction targets, and customer referral targets.
An example of a KPI for the focus area of Increase Revenue could be: Increase monthly sales by 50%.
4. Implement related projects to achieve the KPIs
Projects (or actions) are the steps that you will take in order to achieve your KPIs. Examples of projects may include implementing targeted marketing campaigns, streamlining internal processes, increasing customer service response times, and increasing access to resources.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that helps businesses create, manage, and monitor their business plans and strategies. With Cascade, businesses can easily track their progress and see faster results from their strategies. Cascade's intuitive interface makes it easy for businesses to track their objectives, focus areas, KPIs, and projects, so they can focus on achieving their goals quickly and efficiently.