Creating a business plan
Creating a business plan using a balanced scorecard
A balanced scorecard is one way to do a simple, shareable business plan.
Learning and growth is at the bottom of the scorecard as it is the foundation that everything else is built on. It helps you consider how the trust can continue to improve, create value and innovate.
Your goals at this level outline what you need to achieve to develop:
- whānau or people capability
- whenua and/or infrastructure.
For example:
- all trustees to complete a specific training course by the end of the year
- identify and employ an accountant to manage the finances for the trust
- identify potential future trustees and develop a succession plan for the trust
- complete planting of shelter belt/vegetable garden
- invest $X in new fences/building repairs/vehicle purchase.
Examples of supporting resources
- Training policy
- Trustee succession plan
- Investment Policy Statement
- Analysis of the trust's strengths, weaknesses, opportunities and threats (SWOT).
