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Operational plans are created across an organization, focusing on what the company needs to meet its goals. In order for companies to grow it's important to understand the core KPIs and the company objectives. Hiring is an important part of this analysis to understand what departments need to grow on a monthly/quarterly basis to meet their goals. Operational plans also help analyze the risks involved in the business operations with a plan of how to address those issues.
An operational plan is an important document to keep all key stakeholders, management and board members on the same page. It's important for everyone to be aligned with the company's mission, goals, risks, hiring needs, financial projections, KPIs, etc. By having all members of leadership understanding the larger goals it'll help as every department focuses on their contribution to the larger vision.
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Company Name
Created by
Executive Summary: Describe the overall plan in a few sentences.
Strategic Context: Describe the company mission, vision, reasons this plan is important. Have there been changes in the competitive landscape? Have you raised a round of capital?
Company Objectives: What is the company trying to accomplish over the next year? What are the major goals & milestones that support the need for this operational plan.
Key Performance Indicators: Provide proof of the importance of the operational plan by sharing key number that support the ideas in this document.
Financial Summary: Give an overview of the financial breakdown and projects during the course of this plan. Ensure there is enough capital to execute upon this plan.
Hiring Plan: How many team members will be hired across different departments on a monthly/quarterly basis.
Key Assumptions & Risks: It's important to share what the risks to the business are and what could go wrong. Also address how the company could work towards mitigating those risks.
Goals: What KPIs will be improved as a result of this operational plan
Next Steps: Share what the next steps are. If there are approval processes needed, updates and reporting time frames, etc.
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