OKR template to successfully launch a small business
Your OKR template
The next objective revolves around the development of a robust business plan. This includes identifying key opportunities in the selected business sector, identifying potential risks to the business, and finally, drafting a comprehensive business plan. The business plan serves as a roadmap for the new business.
An additional crucial step is to secure a location for the business operation. This process includes identifying potential operating locations, establishing procedures to ensure continuous regulatory compliance, and initiating the application process for necessary operating permits. The location and permits ensure legal operation of the business.
Overall, this OKR aims at establishing a new small business from its inception, which involves initial funding, formulating a sound business plan, and ensuring legal business operation by securing a location and required permits. This comprehensive setup allows the business to launch successfully and operate efficiently.
ObjectiveSuccessfully launch a small business
KRSecure initial funding of at least $X through personal savings, loans, or investors
Determine available personal savings for business investment- Research loan options and apply where feasible
- Begin networking to attract potential investors
- KRDevelop a comprehensive business plan by identifying key opportunities and potential risks
- Identify key opportunities in your business sector
- Analyze potential risks to your business
- Draft a comprehensive business plan
- KRSecure a location and necessary permits to operate, ensuring regulatory compliance
- Establish procedures to assure continuous regulatory compliance
- Identify potential operating locations suiting the business requirements
- Initiate application process for necessary operating permits
How to edit and track OKRs with Tability
You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.
Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.
With Tability you can:
- Use AI to draft a complete set of OKRs in seconds
- Connect your OKRs and team goals to your project
- Automate reporting with integrations and built-in dashboard
Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.
The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.
Step 1. Sign up for a free Tability account
Go tohttps://tability.app/signup and create your account (it's free!)
Step 2. Create a plan
Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.
Step 3. Use the magic importer
Click on Use magic import to open up the Magic Import modal.
Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.
Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!
Now, just click on Import from text and let the magic happen.
Once your example is in the plan editor, you will be able to:
- Edit the objectives, key results, and tasks
- Click on the target 0 → 100% to set better target
- Use the tips and the AI to refine your goals
Step 4. Publish your plan
Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.
From there you will have access to all the features that will help you and your team save hours with OKR reporting.
- 10+ built-in dashboards to visualise progress on your goals
- Weekly reminders, data connectors, and smart notifications
- 9 views to map OKRs to strategic projects
- Strategy map to align teams at scale