What is a Simple Business Development Plan?
A simple business development plan is a structured plan that outlines the goals and objectives of a business. It helps businesses identify their target customers, set objectives, and create action plans to reach their goals. It also helps businesses track progress and measure success.
What's included in this Simple Business Development 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 Development Plan template for?
The Simple Business Development Plan template is for business leaders and teams in all industries who want to create a clear plan for business development. This template offers step-by-step guidance on how to define focus areas, set measurable targets, implement projects, and track progress to ensure success.
1. Define clear examples of your focus areas
A focus area is the main subject or theme of your business development plan. It is the first step in creating a plan, as it defines the scope of the plan and helps you identify the objectives you need to reach. Examples of strategic focus areas that could fall under a Simple Business Development Plan could be: Optimize Customer Experience, Increase Market Share, and Maximize Efficiency.
2. Think about the objectives that could fall under that focus area
An objective is a specific goal that you want to reach within the scope of your focus area. Objectives should be clear, measurable, and achievable. Think about what specific objectives you need to reach in order to achieve your focus area.
Examples of some objectives for the focus area of Optimize Customer Experience could be: Increase customer satisfaction, and Reduce customer service inquiries.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or Key Performance Indicators, are measurable targets that help you track progress towards your objectives. Examples of KPIs could include customer satisfaction, market share, sales growth, or cost-effectiveness. KPIs help you measure the success of your plan.
4. Implement related projects to achieve the KPIs
Projects (also known as actions) are the steps that you need to take in order to reach your KPIs. Think about what steps you need to take in order to reach your KPIs and set up projects to help you reach them. An example of a project related to Optimize Customer Experience could be: Increase customer service response times.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that helps you create, track, and measure the success of your business development plan. Cascade makes it easy to define focus areas, set objectives, track progress, and measure success. With Cascade, you can quickly and easily see results from your strategy.