OKR template to launch a viable startup in the tech industry
The primary goal of this OKR is to launch a viable startup in the tech industry. The first step would involve building a professional core team consisting of a mix of talents from tech, marketing, and operational backgrounds. This would involve identifying the specific skills required, interviewing potential candidates, and advertising job vacancies on related platforms.
The next major objective would be finalizing a comprehensive business plan that includes detailed financial projections. This task involves not only refining the existing business model but developing an in-depth profit and loss projection as well. Additionally, the market research would be incorporated into the planning process to reinforce the strategies.
Fundraising is a crucial part of the startup launch, therefore, securing investment from at least three different initial capital sources is also contained within these objectives. To achieve this, researching and identifying potential investors is essential, followed by pitching the business idea to them.
Creating a compelling business plan is also stated as an initiative, as it brings the other targets together by providing a clear direction and details about the startup's plans, financial projections, and team requirements to the potential investors.
The next major objective would be finalizing a comprehensive business plan that includes detailed financial projections. This task involves not only refining the existing business model but developing an in-depth profit and loss projection as well. Additionally, the market research would be incorporated into the planning process to reinforce the strategies.
Fundraising is a crucial part of the startup launch, therefore, securing investment from at least three different initial capital sources is also contained within these objectives. To achieve this, researching and identifying potential investors is essential, followed by pitching the business idea to them.
Creating a compelling business plan is also stated as an initiative, as it brings the other targets together by providing a clear direction and details about the startup's plans, financial projections, and team requirements to the potential investors.
Launch a viable startup in the tech industry
Hire a core team of five professionals in tech, marketing, and operations
Identify required skills and experience for each job role- Schedule and conduct potential candidate interviews
- Post job vacancies on suitable recruitment platforms
- Finalize business plan with a detailed financial projection
- Review and refine existing business model assumptions
- Develop comprehensive profit and loss projections
- Incorporate relevant market research into the plan
- Secure investment from at least three different sources for initial capital
- Research and identify potential investors
- Conduct pitching sessions to these investors
- Create a compelling business plan
