What is a Traditional Business Plan?
A traditional business plan outlines the objectives, strategies, and goals for a business. It is typically used to inform potential investors and partners about the company's mission and vision, as well as to provide details about how the company plans to achieve its goals. It is also used as a roadmap for the company's team members and stakeholders to follow.
What's included in this Traditional 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 Traditional Business Plan template for?
This Traditional Business Plan template is designed for organizations of any size, entrepreneurs and startups of any industry who want to create a comprehensive and effective business plan. It provides all the necessary components to create a well-structured plan, including focus areas, objectives, key performance indicators (KPIs), and projects. This template will help you create a plan that will guide your business to success.
1. Define clear examples of your focus areas
A focus area is a broad area of business that you want to improve on or achieve. Examples of focus areas could include financial planning, human resources, product development, customer service, marketing, and more. It is important to define clear focus areas in order to create an effective business plan.
2. Think about the objectives that could fall under that focus area
Objectives are specific goals that you want to achieve within a given focus area. For example, if your focus area is financial planning, your objectives could include increasing profit margin, increasing revenue, decreasing costs, etc. It is important to set realistic and achievable objectives.
3. Set measurable targets (KPIs) to tackle the objective
KPIs, or key performance indicators, are measurable targets that are used to track progress towards achieving objectives. Examples of KPIs include increasing revenue by 10%, reducing costs by 20%, increasing customer base by 20%, etc. Setting measurable KPIs will help to focus your efforts and track progress.
4. Implement related projects to achieve the KPIs
Projects, or actions, are specific initiatives that need to be taken in order to achieve the KPIs within a given focus area. For example, if your KPI is to increase revenue by 10%, the related project could be to increase customer base by 20%. It is important to set realistic and achievable projects.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
Cascade is a strategy execution platform that allows businesses to track, measure, and optimize their strategy in real-time. It provides an easy-to-use dashboard to quickly visualize progress towards objectives and KPIs, and it can be used to quickly identify and address any issues. With Cascade, you can see faster results from your strategy.