What is a Basic Business Plan?
A basic business plan is an essential roadmap for any business, no matter its size or industry. It helps entrepreneurs and small business owners to identify and stay focused on their goals, plan for the future, and understand their finances. A basic business plan template can help entrepreneurs and small business owners create a comprehensive business plan that covers all essential aspects of a business.
What's included in this Basic 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 Basic Business Plan template for?
This basic business plan template is designed for entrepreneurs and small business owners in any industry who want to create a comprehensive business plan. It is easy to fill out, and provides a structured guide to help you think through all the important aspects of starting and growing your business.
1. Define clear examples of your focus areas
Focus areas are the major topics that you want your business plan to cover. Examples of focus areas could be increasing productivity, improving quality, and increasing revenue. Each focus area should have its own set of objectives, KPIs, and projects that are related to that focus area.
2. Think about the objectives that could fall under that focus area
Objectives are the goals that you want to achieve for each focus area. Objectives should be clear, measurable, and achievable. Examples of some objectives for the focus area of Increase Productivity could be: Streamline Processes, and Reduce Cycle Time.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (key performance indicators) are measurable targets that help you track the progress of your objectives. For example, to measure the progress of the objective to streamline processes, you could set a KPI to increase the automation rate.
4. Implement related projects to achieve the KPIs
Projects (or actions) are the steps that you need to take to achieve the KPI. For the example KPI to increase the automation rate, a project could be to automate processes.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that helps you quickly execute and track progress on your business plan. With Cascade, you can easily create and manage projects, and track progress against your KPIs in real time. This makes it easy to see the results of your strategy faster and ensure that your objectives are being achieved.