An effective business plan is crucial for the success of any business, large or small. The OGSM model (Objectives, Goals, Strategies, Measures) provides a powerful method to summarize your business plan on a single page. In this blog, we discuss how to develop, write, and set up a business plan using the OGSM model.

How to Create a Business Plan?

Creating a business plan begins with defining your business vision and mission. This forms the basis for formulating your objectives, which is the foundation of the OGSM model. Next, you specify what you want to achieve and determine how you will measure it.

How to Write a Business Plan?

When writing a business plan, you elaborate on the four components of the OGSM model:

1. Objectives: What do you want to achieve?

2. Goals: How do you make these objectives specific and measurable? Use Key Performance Indicators (KPIs) for this.

3. Strategies: What actions will you take to achieve your goals?

4. Measures: How will you measure success and track progress?

These components must be clear and concise so that the plan is easy to communicate and understand for all stakeholders.

How to Start a Business Plan?

Start by determining the overall direction of your business. Define the mission and vision, and then break these down into specific objectives that you can track with OGSM. Use a business plan template to structure your ideas and ensure nothing is overlooked. See here for our templates.

What Does a Business Plan Look Like?

A business plan in the OGSM style fits on one page, providing clarity and focus. This format is particularly useful for internal communication within the company and with external stakeholders.

How Does a Business Plan Work?

A business plan serves as a strategic roadmap for your enterprise. With OGSM, you can set goals for both the short and long term and monitor your progress, which is crucial for successful execution.

How Big Should a Business Plan Be?

The size of a business plan varies, but with OGSM, you can summarize your plan on one page. This offers a compact and powerful overview that is easy to communicate.

How Important Is a Business Plan?

A well-drafted business plan is of great importance. It provides clarity on the business goals and the strategies to achieve them. OGSM provides an overview of your business plan at a glance.

Conclusion

Developing a business plan with the OGSM model is an efficient way to visualize and communicate your business strategy. It is suitable for startups, scale-ups, family businesses, and SMEs, and provides a clear overview of your goals and strategies. Start your OGSM business plan today and take the first step towards business success!

Need help creating your OGSM business plan? Contact us here for more information and guidance!