What is a Lean Business Plan?
A Lean Business Plan is a streamlined, highly measurable approach to achieving your business goals. It helps teams of any size and industry to create a comprehensive strategy with clear focus areas, objectives, and measurable targets (KPIs). By taking small steps, measuring results, and making frequent course corrections, teams can optimize their business performance and ensure they are taking the best steps to reach their goals.
What's included in this Lean 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 Lean Business Plan template for?
The Lean Business Plan Template is designed for teams of any size and industry looking to take small steps, consistent tracking, and frequent course corrections for optimize the business. It is an effective and efficient way to organize, track, and optimize the performance of any business.
1. Define clear examples of your focus areas
A focus area is a broad category that is related to your business. Examples of focus areas could include optimizing cash flow, increasing customer satisfaction, or improving productivity.
2. Think about the objectives that could fall under that focus area
Objectives are the specific tasks you need to complete in order to reach your overall focus area goal. When defining objectives, be sure to be as specific as possible and think about measurable targets (KPIs) that will help you track your progress.
Examples of some objectives for the focus area of Optimize Cash Flow could be: Increase Cash Flow, and Increase Revenue.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (key performance indicators) are measurable targets that you set to help track your progress. KPIs can be financial, operational, or customer-related goals that give you insight into the performance of your business.
An example of a KPI for the focus area of Optimize Cash Flow could be: Decrease avg payment time from 30 days to 15 days.
4. Implement related projects to achieve the KPIs
Projects (or actions) are specific initiatives that need to be completed in order to reach your objectives. Think about the resources, time, and budget required to complete each action and how it will help you reach your goals.
An example of a project related to Optimize Cash Flow could be: Launch Payment Process.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is a comprehensive tool that helps teams to track progress, and make frequent course corrections to reach their goals faster. With user-friendly dashboards, and easy-to-track metrics, Cascade helps teams to easily track, measure, and optimize their business performance.