Tability is a cheatcode for goal-driven teams. Set perfect OKRs with AI, stay focused on the work that matters.
What are Financial Sustainability OKRs?
The Objective and Key Results (OKR) framework is a simple goal-setting methodology that was introduced at Intel by Andy Grove in the 70s. It became popular after John Doerr introduced it to Google in the 90s, and it's now used by teams of all sizes to set and track ambitious goals at scale.
Crafting effective OKRs can be challenging, particularly for beginners. Emphasizing outcomes rather than projects should be the core of your planning.
We've tailored a list of OKRs examples for Financial Sustainability to help you. You can look at any of the templates below to get some inspiration for your own goals.
If you want to learn more about the framework, you can read our OKR guide online.
The best tools for writing perfect Financial Sustainability OKRs
Here are 2 tools that can help you draft your OKRs in no time.
Tability AI: to generate OKRs based on a prompt
Tability AI allows you to describe your goals in a prompt, and generate a fully editable OKR template in seconds.
- 1. Create a Tability account
- 2. Click on the Generate goals using AI
- 3. Describe your goals in a prompt
- 4. Get your fully editable OKR template
- 5. Publish to start tracking progress and get automated OKR dashboards
Watch the video below to see it in action 👇
Tability Feedback: to improve existing OKRs
You can use Tability's AI feedback to improve your OKRs if you already have existing goals.
- 1. Create your Tability account
- 2. Add your existing OKRs (you can import them from a spreadsheet)
- 3. Click on Generate analysis
- 4. Review the suggestions and decide to accept or dismiss them
- 5. Publish to start tracking progress and get automated OKR dashboards
Tability will scan your OKRs and offer different suggestions to improve them. This can range from a small rewrite of a statement to make it clearer to a complete rewrite of the entire OKR.
Financial Sustainability OKRs examples
You will find in the next section many different Financial Sustainability Objectives and Key Results. We've included strategic initiatives in our templates to give you a better idea of the different between the key results (how we measure progress), and the initiatives (what we do to achieve the results).
Hope you'll find this helpful!
OKRs to increase financial sustainability of our non-profit organisation
ObjectiveIncrease financial sustainability of our non-profit organisation
KRSecure funds for 2 years of operation by applying to at least 10 grants
Prepare and finalize grant applications- Research potential grants suitable for business operations
- Submit applications to a minimum of 10 grant bodies
- KRRaise $50,000 in fundraising campaigns by targeting corporate sponsorship and public donations
- Launch campaign to solicit public donations
- Develop compelling sponsorship packages to attract sponsors
- Identify potential corporate sponsors for targeted outreach
- KRDecrease operational expenses by 10% through cost-effective resource utilization
- Renegotiate supplier contracts for favorable terms
- Implement energy-saving practices across operations
- Identify underutilized resources and reassign for maximum efficiency
OKRs to establish robust financial structure for sustainability and growth
- ObjectiveEstablish robust financial structure for sustainability and growth
- KRIncrease organizational revenue by 20% through new client acquisition
- Implement effective marketing strategies to attract potential clients
- Train sales team on techniques for successful client acquisition
- Enhance product or service offerings to broaden appeal
- KRImplement a new budgeting system accounting for all departments
- Create a standardized budgeting template
- Identify necessary expenses for each department
- Distribute and train departments on the new system
- KRReduce operational cost by 15% through streamlining processes
- Implement lean strategies to optimize efficiency
- Automate routine procedures to save manpower
- Identify redundant tasks and merge them effectively
OKRs to ensure sustainability of the financial business
- ObjectiveEnsure sustainability of the financial business
- KRBoost customer retention rate by 20% through enhanced service offerings
- Enhance technical support and response time
- Develop attractive loyalty programs for customers
- Implement comprehensive training for customer service staff
- KRIncrease net profit margin by 15% through operational efficiency improvements
- Streamline supply chain management to cut costs and improve delivery times
- Implement lean manufacturing techniques to reduce waste and inefficiency
- Invest in advanced technology solutions to automate repetitive tasks
- KRReduce overhead costs by 10% by implementing cost-saving measures
- Implement energy-saving solutions to cut utility costs
- Conduct regular auditing to identify unnecessary expenditures
- Streamline operations processes to improve efficiency
Financial Sustainability OKR best practices
Generally speaking, your objectives should be ambitious yet achievable, and your key results should be measurable and time-bound (using the SMART framework can be helpful). It is also recommended to list strategic initiatives under your key results, as it'll help you avoid the common mistake of listing projects in your KRs.
Here are a couple of best practices extracted from our OKR implementation guide 👇
Tip #1: Limit the number of key results
The #1 role of OKRs is to help you and your team focus on what really matters. Business-as-usual activities will still be happening, but you do not need to track your entire roadmap in the OKRs.
We recommend having 3-4 objectives, and 3-4 key results per objective. A platform like Tability can run audits on your data to help you identify the plans that have too many goals.
Tip #2: Commit to weekly OKR check-ins
Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to get the full value of your OKRs and make your strategy agile – otherwise this is nothing more than a reporting exercise.
Being able to see trends for your key results will also keep yourself honest.
Tip #3: No more than 2 yellow statuses in a row
Yes, this is another tip for goal-tracking instead of goal-setting (but you'll get plenty of OKR examples above). But, once you have your goals defined, it will be your ability to keep the right sense of urgency that will make the difference.
As a rule of thumb, it's best to avoid having more than 2 yellow/at risk statuses in a row.
Make a call on the 3rd update. You should be either back on track, or off track. This sounds harsh but it's the best way to signal risks early enough to fix things.
Save hours with automated OKR dashboards
Quarterly OKRs should have weekly updates to get all the benefits from the framework. Reviewing progress periodically has several advantages:
- It brings the goals back to the top of the mind
- It will highlight poorly set OKRs
- It will surface execution risks
- It improves transparency and accountability
Most teams should start with a spreadsheet if they're using OKRs for the first time. Then, you can move to Tability to save time with automated OKR dashboards, data connectors, and actionable insights.
How to get Tability dashboards:
- 1. Create a Tability account
- 2. Use the importers to add your OKRs (works with any spreadsheet or doc)
- 3. Publish your OKR plan
That's it! Tability will instantly get access to 10+ dashboards to monitor progress, visualise trends, and identify risks early.
More Financial Sustainability OKR templates
We have more templates to help you draft your team goals and OKRs.
- OKRs to establish leadership in the AI industry
- OKRs to enhance the quality of our App notifications
- OKRs to enhance stakeholder satisfaction as a Regulatory Body in TVET
- OKRs to launch a high-performing ecommerce dashboard for the UK market
- OKRs to strengthen and foster an agile culture within the team and organization
- OKRs to increase revenue through client acquisition using technology tools