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Business objectives: How to set them (with 5 examples and a template)

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As anyone who played rec league sports in the '90s might remember, being on a team for some reason required you to sell knockoff candy bars to raise funds. Every season, my biggest customer was always me. Some kids went door-to-door, some set up outside local businesses, some sent boxes to their parents' jobs—I just used my allowance to buy a few for myself.

Aside from initiative, what my approach lacked was a plan, a goal, and accountability. A lot to ask of an unmotivated nine-year-old, I know, but 100% required for anyone who runs an actual business.

Business objectives help companies avoid my pitfalls by laying the groundwork for all the above so they can pursue achievable growth.

Table of contents:

The benefits of setting business objectives

How to set business objectives, examples of business objectives and goals, business objective template, tips for achieving business objectives.

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What are business objectives?

Business objectives are specific, written steps that guide company growth in measurable terms. A good business objective is concise, actionable, and assigned definite metrics for tracking progress and measuring success. Coming up with effective objectives requires a strong understanding of:

What you want the company to achieve

How you can measure success

Which players are involved in driving success

The timelines needed to plan, initiate, and implement steps

How you can improve or better support business processes , personnel, logistics, and management 

How, if successful, these actions can be integrated sustainably going forward

sample objective statement for business plan

Business objectives vs. goals

Where a business objective is an actionable step taken to make improvements toward growth, a business goal is the specific high-level growth an objective helps a company reach. Business objectives are often used interchangeably with business goals, but an objective is in service of a goal. 

Here's what that breakdown could have looked like for nine-year-old me selling candy for my little league team: 

Business objective: I will increase my sales output by learning and implementing point-of-sale conversion frameworks. I'll measure success by comparing week-over-week sales growth to median sales across players on my baseball team.

Business goal: I will sell more candy bars than anyone on my team and earn the grand prize: a team party at Pizza Hut.

You might think it's good enough to continue working status quo toward your goals, but as the cliche goes, good enough usually isn't. Establishing and following defined, actionable steps through business objectives can:

Help establish clear roadmaps: You can translate your objectives into time-sensitive sequences to chart your path toward growth.

Set groundwork for culture: Clear objectives should reflect the culture you envision, and, in turn, they should help guide your team to foster it.

Influence talent acquisition: Once you know your objectives, you can use them to find the people with the specific skills and experiences needed to actualize them.

Encourage teamwork: People work together better when they know what they're working toward.

Promote sound leadership: Clear objectives give leaders opportunities to get the resources they need.

Establish accountability: By measuring progress, you can see where errors and inefficiencies come from.

Drive productivity: The endgame of an objective is to make individual team members and processes more effective.

Setting business objectives takes a thoughtful, top-to-bottom approach. At every level of your business—whether you're a massive candy corporation or one kid selling chocolate almond bars door-to-door—there are improvements to make, steps to take, and players with stakes (or in my case, bats) in the game.

Illustration of a clipboard listing the six steps to setting business objectives

1. Establish clear goals

You can't hit a home run without a fence, and you can't reach a goal without setting it. Before you start brainstorming your objectives, you need to know what your objectives will help you work toward.

Analytical tactics like a SWOT analysis and goal-setting frameworks like SMART can be extremely useful at this stage, as you'll need to be specific about what you want to achieve and honest about what is achievable. Here are a few example goals:

Increase total revenue by 25% over the next two years

Reduce production costs by 10% by the end of the year

Provide health insurance for employees by next fiscal year

Grow design department to 10+ employees this year

Reach 100k Instagram followers ahead of new product launch

Implement full rebrand before new partnership announcement

Once you have these goals in place, you can establish individual objectives that position your company to reach them.

2. Set a baseline

Like a field manager before a game, you've got to set your baselines. (Very niche pun, I know.) With a definite goal in mind, the only way to know your progress is to know where you're starting from. 

If you want to increase conversions on a specific link by X percent, look beyond current conversion percentage to the myriad factors going into it. Log the page traffic, clicks, ad performance, time on page, bounce rate, and other engagement metrics historically to this point. Your objectives will dig deeper into that one outcome to address deficiencies in the sales funnel , so every figure is important.

Analyzing your baselines could also help you recalibrate your goals. You may have decided abstractly that you want conversion rates to double in six months, but is that really possible? If your measurables show there's potentially a heavier lift involved than you expected, you can always roll back the goal performance or expand the timeline.

3. Involve players at all levels in the conversation

Too often, the most important people are left out of conversations about goals and objectives. The more levels of complexity and oversight, the more important it is to hear from everyone—yet the more likely it is that some will be excluded.

Let's say you want to reduce overhead by 5% over the next two years for your sporting goods manufacturing outfit. At a high level, your team finds you can reduce production costs by using cheaper materials for baseball gloves. A member of your sales team points out that the reduction in quality, which your brand is famous for, could lead to losses that offset those savings. Meanwhile, a factory representative points out that replacing outdated machines would be expensive initially but would increase efficiency, reduce defects, and cut maintenance costs, breaking even in four years.

By involving various teams at multiple levels, you find it's worth it to extend timelines from two to four years. Your overhead reduction may be lower than 5% by year two but should be much higher than that by year four based on these changes.

The takeaway from this pretty crude example is that it's helpful to make sure every team that touches anything related to your objective gets consulted. They should give valuable, practical input thanks to their boots- (or cleats-) on-the-ground experience.

4. Define measurable outcomes

An objective should be exactly that. Using KPIs (key performance indicators) to apply a level of objectivity to your action steps allows you to measure their progress and success over time and either adapt as you go along or stay the course.

How do you know if your specific objectives are leading to increased web traffic, or if that's just natural (or even incidental) growth? How do you know if your recruiting efforts lead to better candidates, or whether your employees are actually more satisfied? Here are a few examples of measurable outcomes to show proof:

Percentage change (15% overall increase in revenue)

Goal number (10,000 subscribers)

Success range (five to 10 new clients)

Clear change (new company name)

Executable action (weekly newsletter launch)

Your objectives should have specific, measurable outcomes. It's not enough to have a better product, be more efficient, or have more brand awareness . Your objective should be provable and grounded in data.

5. Outline a roadmap with a schedule

You've got your organizational goals defined, logged your baselines, sourced objectives from across your company, and know your metrics for defining success. Now it's time to set an actionable plan you can execute.

Your objectives roadmap should include all involved team members and departments and clear timelines for reaching milestones. Within your objectives, set action items with deadlines to stay on track, along with corresponding progress markers. For the objective of "increase lead conversion efficiency by 10%," that could look like:

May 15: Begin time logging 

June 1: Register team members for productivity seminar

June 15: Integrate Trello for managing processes

June 15: Audit time log

July 1: Implement lead automation

August 1: Audit time log—goal efficiency increase of 5%

6. Integrate successful changes

You've successfully achieved your objectives—great! But as Yogi Berra famously said, "It ain't over till it's over," and it ain't over yet. 

Don't let this win be a one-off accomplishment. Berra also said "You can observe a lot by just watching," and applying what you observed from this process will help you continue growing your company. Take what worked, and integrate it into your business processes for sustainable improvement. Then create new objectives, so you can continue the cycle.

Business objectives aren't collated plans or complicated flowcharts—they're short, impactful statements that are easy to memorize and communicate. There are four basic components every business objective should have: 

A growth-oriented intention (improve efficiency)

One or more actions (implement monthly training sessions)

A measurement for success (20% increase)

A timeline to reach success (by end of year)

For this year's summer swimwear line, we will increase sales by 15% over last year's line through customer relationship marketing. We will execute distinct email campaigns by segmenting last year's summer swimwear customers and this year's spring casualwear customers and offering season-long discount codes.

Our SaaS product's implementation team will grow to five during the next fiscal year. This will require us to submit a budget proposal by the end of the quarter and look into restructured growth tracks, new job posting templates, and revised role descriptions by the start of next fiscal year.

We will increase customer satisfaction for our mobile app product demonstrably by the end of the year by integrating a new AI chatbot feature. To measure the change in customer satisfaction, we will monitor ratings in the app store, specifically looking for decreases in rates of negative reviews by 5%-10%  as well as increases in overall positive reviews by 5%-10%.

Each of our water filtration systems will achieve NSF certification ahead of the launch of our rebranding campaign. Our product team will establish a checklist of changes necessary for meeting certification requirements and communicate timelines to the marketing team.

HR will implement bi-annual performance reviews starting next year. Review timelines will be built into scheduling software, and HR will automate email reminders to managers to communicate to their teams.

Business objectives can be as simple as one action or as complex as a multi-year roadmap—but they should be able to fall into a clear, actionable framework.

Mockup of a business objective statement worksheet

Calling your shot to the left centerfield wall and hitting a ball over that wall are two different things—the same goes for setting an objective and actualizing it.

Start with clear, attainable goals: Objectives should position your business to reach broader growth goals, so start by establishing those.

Align decisions with objectives: Once you set objectives, they should inform other decisions. Decision-makers should think about how changes they make along the way affect their objectives' timelines and execution.

Stick to the schedule or adjust it: Schedules should propel change, not rush it. Work toward meeting milestones and deadlines, but understand that they can always be moved if complications or new priorities arise. Remember, it's ok to fall short on goals .

Listen to team members at all levels: Those most affected by organizational changes can be the ones with the least say in the matter. Great ideas and insights can come from any level—even if they're only tangentially related to an outcome.

Implement automation: Automation keeps systems running smoothly—business objectives are no exception. Make a plan to bring no-code automation into workflows with Zapier to move your work forward, faster.

What makes business objectives so useful is that they can help you build a plan with defined steps to reach obtainable growth goals. As (one more time) Yogi Berra also once said, "You've got to be very careful if you don't know where you are going, because you might not get there." 

As you outline your objectives, here are some guides that can help you find KPIs and improvement opportunities:

How to conduct your own market research survey

6 customer satisfaction metrics to start measuring

Streamline work across departments with automation

Measuring SaaS success: 5 essential product-led growth metrics to track

12 value proposition templates—and how to write your own

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Bryce Emley

Currently based in Albuquerque, NM, Bryce Emley holds an MFA in Creative Writing from NC State and nearly a decade of writing and editing experience. His work has been published in magazines including The Atlantic, Boston Review, Salon, and Modern Farmer and has received a regional Emmy and awards from venues including Narrative, Wesleyan University, the Edward F. Albee Foundation, and the Pablo Neruda Prize. When he isn’t writing content, poetry, or creative nonfiction, he enjoys traveling, baking, playing music, reliving his barista days in his own kitchen, camping, and being bad at carpentry.

  • Small business
  • Sales & business development

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Goals and Objectives for Business Plan with Examples

NOV.05, 2023

Goals and Objectives
 for Business Plan with Examples

Every business needs a clear vision of what it wants to achieve and how it plans to get there. A business plan is a document that outlines the goals and objectives of a business, as well as the strategies and actions to achieve them. A well-written business plan from business plan specialists can help a business attract investors, secure funding, and guide its growth.

Understanding Business Objectives

Business objectives are S pecific, M easurable, A chievable, R elevant, and T ime-bound (SMART) statements that describe what a business wants to accomplish in a given period. They are derived from the overall vision and mission of the business, and they support its strategic direction.

Business plan objectives can be categorized into different types, depending on their purpose and scope. Some common types of business objectives are:

  • Financial objectives
  • Operational objectives
  • Marketing objectives
  • Social objectives

For example, a sample of business goals and objectives for a business plan for a bakery could be:

  • To increase its annual revenue by 20% in the next year.
  • To reduce its production costs by 10% in the next six months.
  • To launch a new product line of gluten-free cakes in the next quarter.
  • To improve its customer satisfaction rating by 15% in the next month.

The Significance of Business Objectives

Business objectives are important for several reasons. They help to:

  • Clarify and direct the company and stakeholders
  • Align the company’s efforts and resources to a common goal
  • Motivate and inspire employees to perform better
  • Measure and evaluate the company’s progress and performance
  • Communicate the company’s value and advantage to customers and the market

For example, by setting a revenue objective, a bakery can focus on increasing its sales and marketing efforts, monitor its sales data and customer feedback, motivate its staff to deliver quality products and service, communicate its unique selling points and benefits to its customers, and adjust its pricing and product mix according to market demand.

Advantages of Outlining Business Objectives

Outlining business objectives is a crucial step in creating a business plan. It serves as a roadmap for the company’s growth and development. Outlining business objectives has several advantages, such as:

  • Clarifies the company’s vision, direction, scope, and boundaries
  • Break down the company’s goals into smaller tasks and milestones
  • Assigns roles and responsibilities and delegates tasks
  • Establishes standards and criteria for success and performance
  • Anticipates risks and challenges and devises contingency plans

For example, by outlining its business objective for increasing the average revenue per customer in its business plan, a bakery can:

  • Attract investors with its viable business plan for investors
  • Secure funding from banks or others with its realistic financial plan
  • Partner with businesses or organizations that complement or enhance its products or services
  • Choose the best marketing, pricing, product, staff, location, etc. for its target market and customers

Setting Goals and Objectives for a Business Plan

Setting goals and objectives for a business plan is not a one-time task. It requires careful planning, research, analysis, and evaluation. To set effective goals and objectives for a business plan, one should follow some best practices, such as:

OPTION 1: Use the SMART framework. A SMART goal or objective is clear, quantifiable, realistic, aligned with the company’s mission and vision, and has a deadline. SMART stands for:

  • Specific – The goal or objective should be clear, concise, and well-defined.
  • Measurable – The goal or objective should be quantifiable or verifiable.
  • Achievable – The goal or objective should be realistic and attainable.
  • Relevant – The goal or objective should be aligned with the company’s vision, mission, and values.
  • Time-bound – The goal or objective should have a deadline or timeframe.

For example, using the SMART criteria, a bakery can refine its business objective for increasing the average revenue per customer as follows:

  • Specific – Increase revenue with new products and services from $5 to $5.50.
  • Measurable – Track customer revenue monthly with sales reports.
  • Achievable – Research the market, develop new products and services, and train staff to upsell and cross-sell.
  • Relevant – Improve customer satisfaction and loyalty, profitability and cash flow, and market competitiveness.
  • Time-bound – Achieve this objective in six months, from January 1st to June 30th.

OPTION 2: Use the OKR framework. OKR stands for O bjectives and K ey R esults. An OKR is a goal-setting technique that links the company’s objectives with measurable outcomes. An objective is a qualitative statement of what the company wants to achieve. A key result is a quantitative metric that shows how the objective will be achieved.

OPTION 3: Use the SWOT analysis. SWOT stands for S trengths, W eaknesses, O pportunities, and T hreats. A SWOT analysis is a strategic tool that helps the company assess the internal and external factors that affect its goals and objectives.

  • Strengths – Internal factors that give the company an advantage over others. 
  • Weaknesses – Internal factors that limit the company’s performance or growth. 
  • Opportunities – External factors that allow the company to improve or expand. 
  • Threats – External factors that pose a risk or challenge to the company.

For example, using these frameworks, a bakery might set the following goals and objectives for its SBA business plan :

Objective – To launch a new product line of gluten-free cakes in the next quarter.

Key Results:

  • Research gluten-free cake market demand and preferences by month-end.
  • Create and test 10 gluten-free cake recipes by next month-end.
  • Make and sell 100 gluten-free cakes weekly online or in-store by quarter-end.

SWOT Analysis:

  • Expertise and experience in baking and cake decorating.
  • Loyal and satisfied customer base.
  • Strong online presence and reputation.

Weaknesses:

  • Limited production capacity and equipment.
  • High production costs and low-profit margins.
  • Lack of knowledge and skills in gluten-free baking.

Opportunities:

  • Growing demand and awareness for gluten-free products.
  • Competitive advantage and differentiation in the market.
  • Potential partnerships and collaborations with health-conscious customers and organizations.
  • Increasing competition from other bakeries and gluten-free brands.
  • Changing customer tastes and preferences.
  • Regulatory and legal issues related to gluten-free labeling and certification.

Examples of Business Goals and Objectives

To illustrate how to write business goals and objectives for a business plan, let’s use a hypothetical example of a bakery business called Sweet Treats. Sweet Treats is a small bakery specializing in custom-made cakes, cupcakes, cookies, and other baked goods for various occasions.

Here are some examples of possible startup business goals and objectives for Sweet Treats:

Earning and Preserving Profitability

Profitability is the ability of a company to generate more revenue than expenses. It indicates the financial health and performance of the company. Profitability is essential for a business to sustain its operations, grow its market share, and reward its stakeholders.

Some possible objectives for earning and preserving profitability for Sweet Treats are:

  • To increase the gross profit margin by 5% in the next quarter by reducing the cost of goods sold
  • To achieve a net income of $100,000 in the current fiscal year by increasing sales and reducing overhead costs

Ensuring Consistent Cash Flow

Cash flow is the amount of money that flows in and out of a company. A company needs to have enough cash to cover its operating expenses, pay its debts, invest in its growth, and reward its shareholders.

Some possible objectives for ensuring consistent cash flow for Sweet Treats are:

  • Increase monthly operating cash inflow by 15% by the end of the year by improving the efficiency and productivity of the business processes
  • Increase the cash flow from investing activities by selling or disposing of non-performing or obsolete assets

Creating and Maintaining Efficiency

Efficiency is the ratio of output to input. It measures how well a company uses its resources to produce its products or services. Efficiency can help a business improve its quality, productivity, customer satisfaction, and profitability.

Some possible objectives for creating and maintaining efficiency for Sweet Treats are:

  • To reduce the production time by 10% in the next month by implementing lean manufacturing techniques
  • To increase the customer service response rate by 20% in the next week by using chatbots or automated systems

Winning and Keeping Clients

Clients are the people or organizations that buy or use the products or services of a company. They are the source of revenue and growth for a company. Therefore, winning and keeping clients is vital to generating steady revenue, increasing customer loyalty, and enhancing word-of-mouth marketing.

Some possible objectives for winning and keeping clients for Sweet Treats are:

  • To acquire 100 new clients in the next quarter by launching a referral program or a promotional campaign
  • To retain 90% of existing clients in the current year by offering loyalty rewards or satisfaction guarantees

Building a Recognizable Brand

A brand is the name, logo, design, or other features distinguishing a company from its competitors. It represents the identity, reputation, and value proposition of a company. Building a recognizable brand is crucial for attracting and retaining clients and creating a loyal fan base.

Some possible objectives for building a recognizable brand for Sweet Treats are:

  • To increase brand awareness by 50% in the next six months by creating and distributing engaging content on social media platforms
  • To improve brand image by 30% in the next year by participating in social causes or sponsoring events that align with the company’s values

Expanding and Nurturing an Audience with Marketing

An audience is a group of people interested in or following a company’s products or services. They can be potential or existing clients, fans, influencers, or partners. Expanding and nurturing an audience with marketing is essential for increasing a company’s visibility, reach, and engagement.

Some possible objectives for expanding and nurturing an audience with marketing for Sweet Treats are:

  • To grow the email list by 1,000 subscribers in the next month by offering a free ebook or a webinar
  • To nurture leads by sending them relevant and valuable information through email newsletters or blog posts

Strategizing for Expansion

Expansion is the process of increasing a company’s size, scope, or scale. It can involve entering new markets, launching new products or services, opening new locations, or forming new alliances. Strategizing for expansion is important for diversifying revenue streams, reaching new audiences, and gaining competitive advantages.

Some possible objectives for strategizing for expansion for Sweet Treats are:

  • To launch a new product or service line by developing and testing prototypes
  • To open a new branch or franchise by securing funding and hiring staff

Template for Business Objectives

A template for writing business objectives is a format or structure that can be used as a guide or reference for creating your objectives. A template for writing business objectives can help you to ensure that your objectives are SMART, clear, concise, and consistent.

To use this template, fill in the blanks with your information. Here is an example of how you can use this template:

Example of Business Objectives

Our business is a _____________ (type of business) that provides _____________ (products or services) to _____________ (target market). Our vision is to _____________ (vision statement) and our mission is to _____________ (mission statement).

Our long-term business goals and objectives for the next _____________ (time period) are:

S pecific: We want to _____________ (specific goal) by _____________ (specific action).

M easurable: We will measure our progress by _____________ (quantifiable indicator).

A chievable: We have _____________ (resources, capabilities, constraints) that will enable us to achieve this goal.

R elevant: This goal supports our vision and mission by _____________ (benefit or impact).

T ime-bound: We will complete this goal by _____________ (deadline).

Repeat this process for each goal and objective for your business plan.

How to Monitor Your Business Objectives?

After setting goals and objectives for your business plan, you should check them regularly to see if you are achieving them. Monitoring your business objectives can help you to:

  • Track your progress and performance
  • Identify and overcome any challenges
  • Adjust your actions and strategies as needed

Some of the tools and methods that you can use to monitor your business objectives are:

  • Dashboards – Show key data and metrics for your objectives with tools like Google Data Studio, Databox, or DashThis.
  • Reports – Get detailed information and analysis for your objectives with tools like Google Analytics, Google Search Console, or SEMrush.
  • Feedback – Learn from your customers and their needs and expectations with tools like SurveyMonkey, Typeform, or Google Forms.

Strategies for Realizing Business Objectives

To achieve your business objectives, you need more than setting and monitoring them. You need strategies and actions that support them. Strategies are the general methods to reach your objectives. Actions are the specific steps to implement your strategies.

Different objectives require different strategies and actions. Some common types are:

  • Marketing strategies
  • Operational strategies
  • Financial strategies
  • Human resource strategies
  • Growth strategies

To implement effective strategies and actions, consider these factors:

  • Alignment – They should match your vision, mission, values, goals, and objectives
  • Feasibility – They should be possible with your capabilities, resources, and constraints
  • Suitability – They should fit the context and needs of your business

How OGSCapital Can Help You Achieve Your Business Objectives?

We at OGSCapital can help you with your business plan and related documents. We have over 15 years of experience writing high-quality business plans for various industries and regions. We have a team of business plan experts who can assist you with market research, financial analysis, strategy formulation, and presentation design. We can customize your business plan to suit your needs and objectives, whether you need funding, launching, expanding, or entering a new market. We can also help you with pitch decks, executive summaries, feasibility studies, and grant proposals. Contact us today for a free quote and start working on your business plan.

Frequently Asked Questions

What are the goals and objectives in business.

Goals and objectives in a business plan are the desired outcomes that a company works toward. To describe company goals and objectives for a business plan, start with your mission statement and then identify your strategic and operational objectives. To write company objectives, you must brainstorm, organize, prioritize, assign, track, and review them using the SMART framework and KPIs.

What are the examples of goals and objectives in a business plan?

Examples of goals and objectives in a business plan are: Goal: To increase revenue by 10% each year for the next five years. Objective: To launch a new product line and create a marketing campaign to reach new customers.

What are the 4 main objectives of a business?

The 4 main objectives of a business are economic, social, human, and organic. Economic objectives deal with financial performance, social objectives deal with social responsibility, human objectives deal with employee welfare, and organic objectives deal with business growth and development.

What are goals and objectives examples?

Setting goals and objectives for a business plan describes what a business or a team wants to achieve and how they will do it. For example: Goal: To provide excellent customer service. Objective: To increase customer satisfaction scores by 20% by the end of the quarter. 

At OGSCapital, our business planning services offer expert guidance and support to create a realistic and actionable plan that aligns with your vision and mission. Get in touch to discuss further!

OGSCapital’s team has assisted thousands of entrepreneurs with top-rate business plan development, consultancy and analysis. They’ve helped thousands of SME owners secure more than $1.5 billion in funding, and they can do the same for you.

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6 examples of objectives for a small business plan

Table of Contents

1) Becoming and staying profitable

2) maintaining cash flow , 3) establishing and sustaining productivity , 4) attracting and retaining customers , 5) developing a memorable brand and marketing strategy, 6) planning for growth , track your business objectives and more with countingup.

Your new company’s business plan is a crucial part of your success, as it helps you set up your business and secure the necessary funding. A major part of this plan is your objectives or the outcomes you aim to reach. If you’re unsure where to start, this list of business objective examples can help.

In this guide, you’ll learn:

  • Becoming and staying profitable 
  • Maintaining cash flow 
  • Establishing and sustaining productivity 
  • Attracting and retaining customers 
  • Developing a memorable brand 
  • Reaching and growing an audience through marketing 
  • Planning for growth

One of the key objectives you may consider is establishing and maintaining profitability . In short, you’ll aim to earn more than you spend and pay off your startup costs. To do this, you’ll need to consider your business’s starting budget and how you’ll stick to it. 

To create an objective around profitability, you’ll need to calculate how much you spend to start your business and how much you’ll have to spend regularly to run it. Knowing these numbers will help you determine the earnings you’ll need to become profitable. From there, you can factor in the pricing of your products or services and create sales goals . 

For example, say you spend £2,000 on startup costs and expect to spend about £200 monthly to cover business expenses. To earn a profit, you’ll first need to earn back that £2,000 then make more than £200 monthly. 

Once you know what you’ll need to earn to become profitable, you can create a realistic timeline to achieve it. If demand and sales forecasts suggest you could earn about £700 monthly, you may create a timeline of 5 months to become profitable. 

Maintaining cash flow is another financial objective you could include in your business plan. While profitability means you’ll make more money than you spend, cash flow is the cash running in and out of your business over a given time. This flow is crucial to your company’s success because you need available cash to cover business expenses . 

When you complete services, clients may not pay out an invoice right away, meaning you won’t see the cash until they do. If you make enough sales but have low cash flow, you’ll struggle to run your business. So, create an achievable and measurable plan for how you’ll maintain the cash flow you need. 

For example, if you spend £500 monthly, you’ll need to ensure you have at least that much available cash. On top of that, anticipate and save for unexpected or emergency expenses, such as broken equipment. To maintain your cash flow, you may want to prioritise cash payments, introduce a realistic deadline for invoices, or create a system to turn your profit to cash. 

Aside from financial objectives, another example of objectives for a business plan is sustaining productivity . When you run a business, it can be overwhelming and challenging to stay on top of all the tasks you have to get done. But, if you aim to remain productive and create a clear plan as to how, you can better manage your to-do list. 

For example, you may find project management tools that can help you track what you need to do and how to organise your priorities. You may also plan to outsource some aspects of your business eventually, such as investing in an accountant. 

Other than planning how you’ll get things done, you may want to create an objective for developing and retaining a customer base. Here, you may outline your efforts to find leads and recruit customers. So, establish goals for how many customers you want to find in your business’s first month, quarter, or year. Your market research can help you understand demand and create realistic sales goals. 

If you start a business that customers regularly need, like hairdressing, you may also want to create a strategy for how you’ll retain customers you earn. For example, you could introduce a loyalty program or prioritise customer service to build strong relationships. 

Another example of objectives for a business plan is to develop a memorable brand and overall marketing strategy . Your brand is how you present your business to the public, including its unique tone and design. So, here you might research how to make a brand memorable and consider what colour scheme and style will best reach your target audience. 

To measure your brand’s progress, you could hold focus groups on understanding what people think of your overall look. Then, surveys can help you grasp the reach of your reputation over time.

Aside from tracking the success of your brand strategy, you may want to consider your business’s marketing approach. For example, you might invest in paid advertising and use social media. You can measure the progress of this over time by using tools like Google Analytics to track your following and reach. 

Finally, creating an objective for your company’s growth will help you understand and plan for where you want to go. For example, you may want to expand your services or open a second location for a shop. Whatever ideas you have for the future of your business, try to create a clear, measurable way of getting there, including a timeline. You may also want to include steps towards this goal and savings goals for growth. 

To achieve and track your business plan objectives, you’ll need to organise your finances well. But, financial management can be stressful and time-consuming when you’re self-employed. That’s why thousands of business owners use the Countingup app to make their financial admin easier. 

Countingup is the business account with built-in accounting software that allows you to manage all your financial data in one place. With the cash flow insights feature, you can confidently keep on top of your finances wherever you are. Plus, the app lets you track and manage what you spend on your business with automatic expense categorisation. This way, you can stick to your budget and plan to accomplish your objectives.

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How to Write a Business Plan, Step by Step

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Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

What is a business plan?

1. write an executive summary, 2. describe your company, 3. state your business goals, 4. describe your products and services, 5. do your market research, 6. outline your marketing and sales plan, 7. perform a business financial analysis, 8. make financial projections, 9. summarize how your company operates, 10. add any additional information to an appendix, business plan tips and resources.

A business plan outlines your business’s financial goals and explains how you’ll achieve them over the next three to five years. Here’s a step-by-step guide to writing a business plan that will offer a strong, detailed road map for your business.

Bizee

A business plan is a document that explains what your business does, how it makes money and who its customers are. Internally, writing a business plan should help you clarify your vision and organize your operations. Externally, you can share it with potential lenders and investors to show them you’re on the right track.

Business plans are living documents; it’s OK for them to change over time. Startups may update their business plans often as they figure out who their customers are and what products and services fit them best. Mature companies might only revisit their business plan every few years. Regardless of your business’s age, brush up this document before you apply for a business loan .

» Need help writing? Learn about the best business plan software .

This is your elevator pitch. It should include a mission statement, a brief description of the products or services your business offers and a broad summary of your financial growth plans.

Though the executive summary is the first thing your investors will read, it can be easier to write it last. That way, you can highlight information you’ve identified while writing other sections that go into more detail.

» MORE: How to write an executive summary in 6 steps

Next up is your company description. This should contain basic information like:

Your business’s registered name.

Address of your business location .

Names of key people in the business. Make sure to highlight unique skills or technical expertise among members of your team.

Your company description should also define your business structure — such as a sole proprietorship, partnership or corporation — and include the percent ownership that each owner has and the extent of each owner’s involvement in the company.

Lastly, write a little about the history of your company and the nature of your business now. This prepares the reader to learn about your goals in the next section.

» MORE: How to write a company overview for a business plan

sample objective statement for business plan

The third part of a business plan is an objective statement. This section spells out what you’d like to accomplish, both in the near term and over the coming years.

If you’re looking for a business loan or outside investment, you can use this section to explain how the financing will help your business grow and how you plan to achieve those growth targets. The key is to provide a clear explanation of the opportunity your business presents to the lender.

For example, if your business is launching a second product line, you might explain how the loan will help your company launch that new product and how much you think sales will increase over the next three years as a result.

» MORE: How to write a successful business plan for a loan

In this section, go into detail about the products or services you offer or plan to offer.

You should include the following:

An explanation of how your product or service works.

The pricing model for your product or service.

The typical customers you serve.

Your supply chain and order fulfillment strategy.

You can also discuss current or pending trademarks and patents associated with your product or service.

Lenders and investors will want to know what sets your product apart from your competition. In your market analysis section , explain who your competitors are. Discuss what they do well, and point out what you can do better. If you’re serving a different or underserved market, explain that.

Here, you can address how you plan to persuade customers to buy your products or services, or how you will develop customer loyalty that will lead to repeat business.

Include details about your sales and distribution strategies, including the costs involved in selling each product .

» MORE: R e a d our complete guide to small business marketing

If you’re a startup, you may not have much information on your business financials yet. However, if you’re an existing business, you’ll want to include income or profit-and-loss statements, a balance sheet that lists your assets and debts, and a cash flow statement that shows how cash comes into and goes out of the company.

Accounting software may be able to generate these reports for you. It may also help you calculate metrics such as:

Net profit margin: the percentage of revenue you keep as net income.

Current ratio: the measurement of your liquidity and ability to repay debts.

Accounts receivable turnover ratio: a measurement of how frequently you collect on receivables per year.

This is a great place to include charts and graphs that make it easy for those reading your plan to understand the financial health of your business.

This is a critical part of your business plan if you’re seeking financing or investors. It outlines how your business will generate enough profit to repay the loan or how you will earn a decent return for investors.

Here, you’ll provide your business’s monthly or quarterly sales, expenses and profit estimates over at least a three-year period — with the future numbers assuming you’ve obtained a new loan.

Accuracy is key, so carefully analyze your past financial statements before giving projections. Your goals may be aggressive, but they should also be realistic.

NerdWallet’s picks for setting up your business finances:

The best business checking accounts .

The best business credit cards .

The best accounting software .

Before the end of your business plan, summarize how your business is structured and outline each team’s responsibilities. This will help your readers understand who performs each of the functions you’ve described above — making and selling your products or services — and how much each of those functions cost.

If any of your employees have exceptional skills, you may want to include their resumes to help explain the competitive advantage they give you.

Finally, attach any supporting information or additional materials that you couldn’t fit in elsewhere. That might include:

Licenses and permits.

Equipment leases.

Bank statements.

Details of your personal and business credit history, if you’re seeking financing.

If the appendix is long, you may want to consider adding a table of contents at the beginning of this section.

How much do you need?

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We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

Here are some tips to write a detailed, convincing business plan:

Avoid over-optimism: If you’re applying for a business bank loan or professional investment, someone will be reading your business plan closely. Providing unreasonable sales estimates can hurt your chances of approval.

Proofread: Spelling, punctuation and grammatical errors can jump off the page and turn off lenders and prospective investors. If writing and editing aren't your strong suit, you may want to hire a professional business plan writer, copy editor or proofreader.

Use free resources: SCORE is a nonprofit association that offers a large network of volunteer business mentors and experts who can help you write or edit your business plan. The U.S. Small Business Administration’s Small Business Development Centers , which provide free business consulting and help with business plan development, can also be a resource.

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Examples of strategic objectives, what are strategic objectives.

Strategic objectives are often one of the most challenging components of a strategic plan. They create the bridge between your big, bold vision and the annual goals needed to achieve it.

Strategic objectives establish the boundaries for what your organization’s effort must focus on. They create the top layer of your organizational strategy and strategic plan’s framework, articulating what you’ll focus on to achieve your vision of success.

Download the Free Guide Here

We’ve put this guide together to show you how to develop your strategic plan’s objectives!

Tip The best strategic objectives are built from your SWOT Analysis and Vision Statement. Check out our guides if you need to complete those planning elements first.

Defining Strategic Objectives

Strategic Objectives Defined

Video Transcript – Strategic Objectives Defined

Hi, everyone, its Erica from OnStrategy.

Welcome to today’s whiteboard session on defining strategic objectives. From my point of view, strategic objectives are the hardest part of strategic planning. And why is that? That’s because they’re really in between a big vision and translating that big vision into annual goals or actions. And they make the bridge between the big idea and what’s actually getting done this year, this quarter this week. So strategic objectives serve such an important purpose. And they can take a little bit to get right. This is a two part series, check out this one first.

So we’re going to go through what they are. And the other one, we’re going to talk about how to build them. So let’s define strategic objectives. First of all, you can call them anything you want. We’ve heard them called strategic priorities, strategic goals, pillars, planks, kumquats, oranges, it doesn’t really matter. Today, we’re going to call them strategic objectives. And we are defining them as broad statements of direction. And again, they’re little mini vision statements that translate your vision into a bridge to build an annual plan.

Okay, so broad statements. That’s the that’s the idea. Let’s look at the anatomy of so here’s an example of a really good strategic objective. We like to start with a label. So what is it market growth, let’s just say that, followed by a colon, a strong verb, and a statement of impact, in this case, strengthen our competitive position. Super simple, this is a little bit generic, you could continue the sentence if you want to, to make it a little more relevant to your organization. But you know, quick talking points, one of the strategic objectives for the organization is market growth. And what we’re trying to get done is strengthening our competitive position. Great.

Then underneath that, and I don’t have it fully built out here. But we like to actually build out an intent, couple of sentences, maybe even a paragraph, and this is really the the sense of where are you trying to go with this strategic objective, it really starts to bring it to life. And we like to have three sections in that intent statement. Where are you now, in the context of this, this strategic objectives in this case, your competitive position, you know, strategic plans have a lifespan.

And so it’s nice to know at the time in which you wrote it, where are you now a couple of sentences? What are the shifts that are needed in order to actually realize strengthening your competitive position? In this case, this will help you build great goals and initiatives? And then what’s the approach? What’s your method for strengthening competitive your competitive position. And by that, I mean, organic acquisitive, those types of things. So you could envision your intent statement, having, you know, a couple of sentences here, a couple of sentences here, and a couple of sentences here. Okay.

How do you use your strategic objectives? There are two really great ways to use them. Number one is you’re going to roadmap your strategic objectives by year and what we mean by that is this starts to become your framework for how do you actually build a plan that has a horizon. Now, in agile planning, it’s hard to have a really long horizon, but you do have a direction. So when this starts to build out your swim lanes, your strategic objectives, start to build out your swim lanes for your plan.

The second thing that you use your strategic objectives for are is building out your annual plan. So of course, for each strategic objective, you’ll have a handful of annual statements. In this case, I’m calling them goals, what are you actually going to achieve in the you know, the year that you’re in in order to move this objective forward? And then so on and so forth. So it starts your cascade? So a really nice thing to think about is strategic objectives answer the question where, and then following under that is the what, and then following under that is the how doesn’t matter what you call them? But absolutely, those are the components that make a strat plan go from a big idea to actually something that’s producing results.

And that’s all we have for you today. Check out part two for an example of how to build a framework with your strategic objectives. Don’t forget, subscribe to our social channels. Happy strategizing.

Strategic goals, priorities, pillars, planks, and strategic objectives— they’re all the same thing! Whatever you call them, they’re a critical component of your plan. For this whitepaper, we’re going to call them strategic objectives.

Strategic objectives are broad statements of direction that create a bridge from your vision to the annual plan or goals. We like to refer to strategic goals or strategic objectives as “mini vision statements” because they should support your overall vision of success but break it down into manageable and actionable focus areas.

Get the Free Guide to Build Your Strategic Objectives (with Examples!)

Ideally, strategic objectives should be broad, 3-year(ish) statements that address the core functional areas of your organization. We’re fans of Kaplan and Norton’s Balanced Scorecard.® which guides strategic objectives to address various factors such as the people of your organization and their skills and growth, operations and internal processes, customer service, and financial areas of your organization. Having an SO in each of the Balanced Scorecard perspectives ensures your plan is focusing on the core aspects of your business (people, process, customers and financial).

Answer These Questions to Create Intent for Your Strategic Objectives

One of the things we like to complete as we build our new strategic objectives is a statement of intent. We include the answer to the following questions as a short paragraph with each strategic objective to clarify intent:

  • Where are we now & where do we need to be in X years?
  • What strategic shifts are needed to get there?
  • What is our approach to achieve success?

Answering these core questions will help you create your new strategic objectives with clarity about what you’re seeking to achieve and what the cascading goals or OKRs need to focus on.

The Anatomy of a Strategic Objective

Anatomy of a Strategic Objective

Strategic objectives or goals should start with a label. The label should clearly identify what it is you’re seeking to achieve. In this example, we’re seeking to achieve Customer Retention.

Begin your SO’s descriptive statement with a ‘power’ verb: a strong, action-oriented verb. Think “Create” or “Increase,” not passive verbs like, “Confirm” or “Facilitate.”

Statement of Impact

A short description of what you will achieve and how it will impact the organization. This should answer the intent questions from the previous section.

Building a Strategic Framework

Building Your Strategic Framework

With an understanding of the anatomy of a strategic objective, you can build the framework of your strategic management plan. As we’ve mentioned, strategic objectives are the bridge between your big, bold vision and your annual execution of goals and initiatives.

They Are Multi-Year in Nature

Tip Annual goals are cascaded from the Strategic Objectives. Check out our guide on SMART goals if you need help writing your goals.

Your Framework Has 6 or Fewer Strategic Objectives

Tip Unsure how to prioritize your opportunities as you create your Strategic Objectives? Check out this exercise on prioritizing strategic objectives to help.

It Provides Company-wide Direction

It is not a mish-mash of department goals, example: balanced scorecard framework.

This is a traditional balanced scorecard framework. We like this framework because it covers all aspects of an organization and creates a balanced plan:

Tip It is essential to not use words that you found in someone else’s strategic plan! Use the words that are relevant to your organization and its culture and the message you want to send to your team about the investment the plan is making in them and the organization’s future.

Example: Themed Framework

A different way to think about creating a framework is theming your strategic objectives. Here’s what that might look like:

Strategic Objectives Examples:

We prefer to organize these types of strategic objectives into these four buckets and have provided some examples of each:

Financial Strategic Objectives

  • Financial Growth: To exceed $10 million in the next 10 years.
  • Financial Growth: To increase revenue by 10% annually.
  • Financial Efficiency: To decrease expenses by 5%.
  • Financial Efficiency: To increase net profit by 10% annually.

Customer/Constituent Strategic Objectives

  • Current Customers: Expand sales to existing customers.
  • Current Customers: Increase customer retention.
  • Current Customers: Achieve and maintain outstanding customer service.
  • Current Customers: Develop and use a customer database.
  • New Customers: Introduce existing products into a new market.
  • New Customers: Introduce new products to new and existing markets.
  • New Customers: To expand sales to the global marketplace.
  • Customer Services: Improve our service approach for new and existing customers.

Internal/Operational Strategic Objectives

  • Product/Service/Program Management: To have all product meet standard of excellence guidelines. (Some businesses prefer to list their individual products or services as separate objectives.)
  • Operations Management: Capitalize on physical facilities (location, capacity, etc.).
  • Operations Management: Increase community outreach.
  • Technology Management: Increase efficiencies through use of wireless or virtual technology.
  • Communication Management: Improve internal communications.
  • Customer Management: To execute and maintain a CRM process that is producing results.
  • Marketing Management: Develop and implement a promotional plan to drive increased business.
  • Alliance Management: Establish one new strategic alliance annually.
  • Channel Management: Improve distributor and/or supplier relationships.

People/Learning Strategic Objectives

  • People: Employ professionals who create success for customers.
  • Training: To develop the leadership abilities and potential of our team.
  • Culture: To align incentives and staff rewards with performance.
  • Knowledge: To continually learn and adopt current best practices.

Remember, these are just examples of strategic objectives. Sometimes seeing an example makes understanding the process easier.

About OnStrategy

Most CEOs struggle with shifting demands that make keeping their long-term vision connected to weekly priorities chaotic. So we created a framework and software to make adapting strategy, goals, and priorities easy. When your team contributes directly to the big picture, you deliver results consistently.

35 Comments

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very greatful with the source of information provided to me.it has helped me as a student of project planning and entrepreneurship to do the work in relation to my course assignment.

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Makes it easy for me as a student to have a grip of what objectives are and in particular the way they are spelt out. As a PR student am now able answer at least some questions about PR objectrives

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This is also very helpful to me…as a student of Company Management. Thanks a lot.

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This is very detailed, relevant information and very useful to me as a new entrepreneur in organizational consulting! Thank you so much

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This would really help me in my Strategic Management paper. Thank you!

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this is useful information. i have benefited from it on my studies and strategic objectives planning in my small business.

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Hey there!!

found it very good and informative. it educates me to set something strategically for the benefit of my organisation and to grow it.

further more i would like to know every organisation having different departments to fulfill particular requirements. say purchase/procurement, finance/accounts, personnel management/HR. I request you to guide on departmental stratagic ideas too.

Thanks a ton..

Regards Amit

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Don’t objectives need to be SMART?

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yes, they need to be. Are they not?

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It was very nice common strategic objectives to start with. Also can add Improve Market Share Increase, Share Holder Value, Brand Image, Customer Satisfaction, Return on Investment (ROI), Decrease Production Time, Increase Quality of the product, Safety Measures like Decrease Accidents, Environmental Measures etc. This will help for new companies.

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Can a strategic plan like for instance Operational Excellence tie into objectives and tactics? If so, how?

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sample objective statement for business plan

How To Write A Great Objective For A Strategic Plan?

A great strategic plan must give clear direction to the business about where it is going and how it will get there. And this starts with a great objective statement.

The objective is a written, qualitative statement describing the direction of the business by answering the question “where are we going?”. The best objective statements are clear and concise, inspiring and ambitious, yet achievable over the chosen timeframe. 

Packing so much information into just one sentence is difficult. However, writing a great objective statement is critical because everything else in the strategic plan will follow its lead. Particularly when working with the OGSM methodology , it’s important to have a strong objective statement. Here is how you can craft an excellent objective for your strategic plan.  

Follow These 5 Steps To Write An Objective Statement For Your Strategic Plan

While the objective is a key element of the strategic plan , it is not the first thing you do in strategic planning. Prior to writing the objective statement, first conduct an analysis of the purpose of the business and the situation it is in . The situational analysis should look into the internal and external environment of the business to identify strengths, weaknesses, opportunities and threats . This provides the strategic context for the strategic plan.

Next, determine the timeframe for the strategic plan . This is important as the objective should describe the future state at the end of this time period. A common time frame for a strategic plan is 3-5 years, but this may vary with company purpose, the realities of the business and its industry. When writing an annual plan, the timeframe is 1 year. 

Armed with the business’ current situation, set out to brainstorm the results you aim to achieve over the specified timeframe . Consider the following questions to guide your thought process: 

  • What are you aiming to achieve over the time period? What does success look like? 
  • What are customers, employees, or other stakeholders going to say about your business?
  • What challenges do you have to overcome? 
  • What processes or competences are critical to your success?  

Consolidate your thoughts to draft a one-sentence objective statement using the what-by-how method . The what-by-how method described by Marc van Eck & Ellen Leenhouts in their excellent book “ The One-Page Business Strategy ” structures the sentence into two parts: a ‘what’-part and a ‘how’-part. This ensures that your statement is specific and actionable. Proceed as follows. 

  • For example, “ drive aggressive growth…” or “ improve profitability…” or “become our customers’ first choice…” . 
  • For example, “…by launching new products in the consumer category” or “…by consolidating our tool brands into a leading home improvement business“ or “…by putting our customer at the center of everything we do” .   

See the “what-by-how” method explained in this short YouTube video .

Finally, review the objective statement and make sure it does not leave anything unwanted or unsatisfied . Ask yourself the following questions. 

  • Is it specific and understandable?
  • Does every word in the statement have a purpose? Delete any ambiguity or redundancy. 
  • Does the objective stretch the organization? 
  • Does it rally the team and inspire action?
  • Does the objective sound realistic?
  • Is the objective congruent with vision and mission of the business? 
  • Does it fit with the business’ internal and external situation? 

If you have followed these steps, then your objective should be quite specific and spell out in no unmistakable terms what you are aiming to achieve over the chosen time horizon and how you are going to get there. 

Examples of Objective Statements

Now that we have discussed how to write the objective, let’s look at some really good examples . 

Consider a company producing shoe cream that wishes to diversify its offering. The objective of its strategic plan might read:

“Become the recognized category leader in up-market shoe cream by expanding our existing portfolio of shoe treatment products and developing new, exclusive channels to market.”  

Or alternatively consider a very innovative mobile phone brand with high growth ambitions. 

“Double our market share in solar-powered mobile phones by developing more efficient miniature-sized solar panels and expanding our retail footprint in Utopia.”

Note that each of these examples has a clear articulation of the “what”-part of the objective statement and two clear aspects of the “how”-part. The statements are clear and concise. You can argue that they are ambitious and inspiring (becoming the recognized category leader, doubling the market share). And if you are a company in these respective spaces already, it seems realistic to achieve those objectives. 

On the flip side, here are some examples of objective statements which might not be effective for strategic planning. 

  • “Deliver growth” 
  • “Make the numbers”
  • “Implement the project”

Note that all of these statements follow the Verb-Noun sequence and are actionable. However, the statements are not specific, I don’t find them particularly inspiring, and they also do not articulate how we will achieve the objective. How about the following instead? 

  • “Be great by delivering awesome service”
  • “Run the company by empowering the employees”

Both of these statements follow the “what-by-how” approach. In the first statement, however, it is not clear what “being great” means and “awesome service” is very ambiguous. The second statement does not read like a strategic direction for the future but more of an operational guidance for today. 

Some of these statements are quite simplistic. I purposefully chose them though to clearly illustrate what a good objective statement looks like. And don’t laugh, but I have actually seen a couple of those latter ones in practice! 

Important Considerations

When creating the objective statement for your strategic plan, it is paramount that all stakeholders understand and agree with the objective and the strategic context within which it is nestled. 

The strategic plan is built to support achieving the objective of the business. If there is doubt in the organization whether the right objective is chosen or if parts of the objective are unclear, then the entire strategic plan might be in doubt. It’s worth investing in making sure that all key stakeholders are in agreement. 

In addition, note that the objective is not the company vision or mission statement or an open-ended dream. The objective spells out a concrete, attainable result within a specified time frame, e.g. 3-5 years, while the vision may be a longer term aspiration. The objective may however very well be a priority or major milestone in the pursuit of your longer term vision. In fact, for annual business plans, I personally like to think of the objective as being a focus area for the year as I aim to realize my vision.

Common Mistakes With Strategic Objectives 

When writing your objective statement, look out for the following common pitfalls. 

  • It sometimes runs in human nature that when we think of strategy that we use big words and formulate very ambitious plans. Check for clarity though. Being ambitious and pushing the boundaries of what is possible is great when everyone in the business understands what is expected of them. Large, ambiguous terms may need to be defined or specified if necessary. 
  • The objective statement is most clear and actionable when both aspects of the ‘what-by-how’ approach are considered. Check whether you spot the word “by” in your statement as an indicator whether anything is missing.
  • This might sound obvious but I have experienced this in practice. Choose an objective that does not run counter to the purpose of your business or conflicts with its values, vision or mission. In fact, ensure that the objective is well aligned and contributes to their realization.
  • If the objective of a 3-5 year strategic plan is achievable within 6-12 months, it is not ambitious enough and will not inspire the organization to take action. Challenge yourself to large objectives that require step change instead of incremental modifications. 
  • The objective statement should not be a to-do list of current projects. Double check to make sure the objective is not too operational but aims into the 3-5 year future.
  • If you realize that the objective statement is wrapping too many lines and begins to enumerate too many ‘hows’, consider reviewing whether you are setting the right priorities. The longer the statement, the larger the risk that clarity, congruence and realism are lost.

When following the 5 steps of writing an excellent objective statement above, you should have no trouble at all with avoiding falling into any of these common traps.  

Where to go from here?

A strong objective statement is key to the success of your strategy as it defines the direction for your business. 

The objective is the O in OGSM and sets the tone for everything else that follows in the OGSM methodology. Once you have defined your objective, continue here to learn about how to set effective goals for your OGSM .

If you would like to learn more about the OGSM, continue here . 

Do you have any questions or feedback? We’d be happy to hear from you via the comment box below.

Van Eck, Marc & Leenhouts, Ellen (2014.) The 1 Page Business Strategy – Streamline Your Business Plan In 4 Steps . Pearson Benelux.

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Work Life is Atlassian’s flagship publication dedicated to unleashing the potential of every team through real-life advice, inspiring stories, and thoughtful perspectives from leaders around the world.

Kelli María Korducki

Contributing Writer

Dominic Price

Work Futurist

Dr. Mahreen Khan

Senior Quantitative Researcher, People Insights

Kat Boogaard

Principal Writer

sample objective statement for business plan

How to write SMART goals

It’s easier to succeed when you have clearly defined objectives that are based in reality.

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5-second summary

  • Teams often fall short of meeting their goals due to a lack of consensus on the definition of success.
  • SMART goals use a specific set of criteria to help ensure that objectives are clearly defined and attainable within a certain timeframe.
  • Working through each step of creating a SMART goal can reveal instances where priorities and resources are out of alignment.

Meet Jane. She’s a product manager at a mid-sized tech company – let’s call it Techfirm, Inc. Jane has been tasked with increasing usage of Techfirm’s mobile app.

She knows she’ll need all hands on deck to make this happen, but when Jane has set team-wide goals in the past, they’ve quickly fallen off track. Nobody seemed to have a clear understanding of what success should look like; progress wasn’t monitored closely enough, and inevitably, that important objective slipped to the back burner (before toppling off the stove entirely).

That’s why, this time around, Jane plans to leverage SMART goals for setting an action plan and staying the course.

Want to get started right now?

Use our template to define the different components of your SMART goal.

What are SMART goals?

The SMART in SMART goals stands for Specific, Measurable, Achievable, Relevant, and Time-Bound.

Defining these parameters as they pertain to your goal helps ensure that your objectives are attainable within a certain time frame. This approach eliminates generalities and guesswork, sets a clear timeline, and makes it easier to track progress and identify missed milestones.

An example of a SMART-goal statement might look like this: Our goal is to [quantifiable objective] by [timeframe or deadline]. [Key players or teams] will accomplish this goal by [what steps you’ll take to achieve the goal]. Accomplishing this goal will [result or benefit].

Let’s use Jane’s objective to work through each component.

S: Specific

In order for a goal to be effective, it needs to be specific. A specific goal answers questions like:

  • What needs to be accomplished?
  • Who’s responsible for it?
  • What steps need to be taken to achieve it?

Thinking through these questions helps get to the heart of what you’re aiming for. Here’s an example of a specific goal Jane might come up with:

Grow the number of monthly users of Techfirm’s mobile app by optimizing our app-store listing and creating targeted social media campaigns.

M: Measurable

Don’t underestimate the outsized impact of short-term goals

Don’t underestimate the outsized impact of short-term goals

Specificity is a solid start, but quantifying your goals (that is, making sure they’re measurable) makes it easier to track progress and know when you’ve reached the finish line.

Jane and her product team want to grow the number of their mobile app users – but by how much? If they get even one new signup, that’s technically positive growth – so does that mean they’re done? Same goes for their strategy – how many platforms will they advertise on? 

To make this SMART objective more impactful, Jane should incorporate measurable, trackable benchmarks.

Increase the number of monthly users of Techfirm’s mobile app by 1,000 by optimizing our app-store listing and creating targeted social media campaigns for four social media platforms: Facebook, Twitter, Instagram, and LinkedIn.

A: Achievable

This is the point in the process when you give yourself a serious reality check. Goals should be realistic –  not  pedestals from which you inevitably tumble. Ask yourself: is your objective something your team can reasonably accomplish?

Jane might look at her goal and realize that, given her small team and their heavy workload, creating ad campaigns for four social platforms might be biting off more than they can chew. She decides to scale back to the three social networks where she’s most likely to find new clients.

Increase the number of monthly users of Techfirm’s mobile app by 1,000 by optimizing our app-store listing and creating targeted social media campaigns for three social media platforms: Facebook, Twitter, and Instagram.

Safeguarding the achievability of your goal is much easier when you’re the one setting it. However, that’s not always the case. When goals are handed down from elsewhere, make sure to communicate any restraints you may be working under. Even if you can’t shift the end goal, at least you can make your position (and any potential roadblocks) known up-front.

R: Relevant

Here’s where you need to think about the big picture. Why are you setting the goal that you’re setting? Jane knows that the app is a huge driver of customer loyalty, and that an uptick in their app usage could mean big things for the company’s bottom-line revenue goals. Now she revises her statement to reflect that context.

Grow the number of monthly users of Techfirm’s mobile app by 1,000 by optimizing our app-store listing and creating targeted social media campaigns for three social media platforms: Facebook, Twitter, and Instagram. Because mobile users tend to use our product longer, growing our app usage will ultimately increase profitability.

T: Time-bound

To properly measure success, you and your team need to be on the same page about when a goal has been reached. What’s your time horizon? When will the team start creating and implementing the tasks they’ve identified? When will they finish?

SMART goals should have time-related parameters built in, so everybody knows how to stay on track within a designated time frame.

When Jane incorporates those dates, her SMART goal is complete.

Grow the number of monthly users of Techfirm’s mobile app by 1,000 within Q1 of 2022. This will be accomplished by optimizing our app-store listing and creating targeted social media campaigns, which will begin running in February 2022, on three social media platforms: Facebook, Twitter, and Instagram. Since mobile is our primary point of conversion for paid-customer signups, growing our app usage will ultimately increase sales.

Knowing how to set goals using the SMART framework can help you succeed in setting and attaining goals, no matter how large or small.

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24 of My Favorite Sample Business Plans & Examples For Your Inspiration

Clifford Chi

Published: February 06, 2024

Free Business Plan Template

sample objective statement for business plan

The essential document for starting a business -- custom built for your needs.

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I believe that reading sample business plans is essential when writing your own.

sample business plans and examples

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As you explore business plan examples from real companies and brands, it’s easier for you to learn how to write a good one.

But what does a good business plan look like? And how do you write one that’s both viable and convincing. I’ll walk you through the ideal business plan format along with some examples to help you get started.

Table of Contents

Business Plan Format

Business plan types, sample business plan templates, top business plan examples.

Ask any successful sports coach how they win so many games, and they’ll tell you they have a unique plan for every single game. To me, the same logic applies to business.

If you want to build a thriving company that can pull ahead of the competition, you need to prepare for battle before breaking into a market.

Business plans guide you along the rocky journey of growing a company. And if your business plan is compelling enough, it can also convince investors to give you funding.

With so much at stake, I’m sure you’re wondering where to begin.

sample objective statement for business plan

  • Outline your idea.
  • Pitch to investors.
  • Secure funding.
  • Get to work!

You're all set!

Click this link to access this resource at any time.

Fill out the form to get your free template.

First, you’ll want to nail down your formatting. Most business plans include the following sections.

1. Executive Summary

I’d say the executive summary is the most important section of the entire business plan. 

Why? Essentially, it's the overview or introduction, written in a way to grab readers' attention and guide them through the rest of the business plan. This is important, because a business plan can be dozens or hundreds of pages long.

There are two main elements I’d recommend including in your executive summary:

Company Description

This is the perfect space to highlight your company’s mission statement and goals, a brief overview of your history and leadership, and your top accomplishments as a business.

Tell potential investors who you are and why what you do matters. Naturally, they’re going to want to know who they’re getting into business with up front, and this is a great opportunity to showcase your impact.

Need some extra help firming up those business goals? Check out HubSpot Academy’s free course to help you set goals that matter — I’d highly recommend it

Products and Services

To piggyback off of the company description, be sure to incorporate an overview of your offerings. This doesn’t have to be extensive — just another chance to introduce your industry and overall purpose as a business.

In addition to the items above, I recommend including some information about your financial projections and competitive advantage here too.:

Keep in mind you'll cover many of these topics in more detail later on in the business plan. So, keep the executive summary clear and brief, and only include the most important takeaways.

Executive Summary Business Plan Examples

This example was created with HubSpot’s business plan template:

business plan sample: Executive Summary Example

This executive summary is so good to me because it tells potential investors a short story while still covering all of the most important details.

Business plans examples: Executive Summary

Image Source

Tips for Writing Your Executive Summary

  • Start with a strong introduction of your company, showcase your mission and impact, and outline the products and services you provide.
  • Clearly define a problem, and explain how your product solves that problem, and show why the market needs your business.
  • Be sure to highlight your value proposition, market opportunity, and growth potential.
  • Keep it concise and support ideas with data.
  • Customize your summary to your audience. For example, emphasize finances and return on investment for venture capitalists.

Check out our tips for writing an effective executive summary for more guidance.

2. Market Opportunity

This is where you'll detail the opportunity in the market.

The main question I’d ask myself here is this: Where is the gap in the current industry, and how will my product fill that gap?

More specifically, here’s what I’d include in this section:

  • The size of the market
  • Current or potential market share
  • Trends in the industry and consumer behavior
  • Where the gap is
  • What caused the gap
  • How you intend to fill it

To get a thorough understanding of the market opportunity, you'll want to conduct a TAM, SAM, and SOM analysis and perform market research on your industry.

You may also benefit from creating a SWOT analysis to get some of the insights for this section.

Market Opportunity Business Plan Example

I like this example because it uses critical data to underline the size of the potential market and what part of that market this service hopes to capture.

Business plans examples: Market Opportunity

Tips for Writing Your Market Opportunity Section

  • Focus on demand and potential for growth.
  • Use market research, surveys, and industry trend data to support your market forecast and projections.
  • Add a review of regulation shifts, tech advances, and consumer behavior changes.
  • Refer to reliable sources.
  • Showcase how your business can make the most of this opportunity.

3. Competitive Landscape

Since we’re already speaking of market share, you'll also need to create a section that shares details on who the top competitors are.

After all, your customers likely have more than one brand to choose from, and you'll want to understand exactly why they might choose one over another.

My favorite part of performing a competitive analysis is that it can help you uncover:

  • Industry trends that other brands may not be utilizing
  • Strengths in your competition that may be obstacles to handle
  • Weaknesses in your competition that may help you develop selling points
  • The unique proposition you bring to the market that may resonate with customers

Competitive Landscape Business Plan Example

I like how the competitive landscape section of this business plan below shows a clear outline of who the top competitors are.

Business plans examples: Competitive Landscape

It also highlights specific industry knowledge and the importance of location, which shows useful experience in this specific industry. 

This can help build trust in your ability to execute your business plan.

Tips for Writing Your Competitive Landscape

  • Complete in-depth research, then emphasize your most important findings.
  • Compare your unique selling proposition (USP) to your direct and indirect competitors.
  • Show a clear and realistic plan for product and brand differentiation.
  • Look for specific advantages and barriers in the competitive landscape. Then, highlight how that information could impact your business.
  • Outline growth opportunities from a competitive perspective.
  • Add customer feedback and insights to support your competitive analysis.

4. Target Audience

Use this section to describe who your customer segments are in detail. What is the demographic and psychographic information of your audience?

If your immediate answer is "everyone," you'll need to dig deeper. Here are some questions I’d ask myself here:

  • What demographics will most likely need/buy your product or service?
  • What are the psychographics of this audience? (Desires, triggering events, etc.)
  • Why are your offerings valuable to them?

I’d also recommend building a buyer persona to get in the mindset of your ideal customers and be clear on why you're targeting them.

Target Audience Business Plan Example

I like the example below because it uses in-depth research to draw conclusions about audience priorities. It also analyzes how to create the right content for this audience.

Business plans examples: Target Audience

Tips for Writing Your Target Audience Section

  • Include details on the size and growth potential of your target audience.
  • Figure out and refine the pain points for your target audience , then show why your product is a useful solution.
  • Describe your targeted customer acquisition strategy in detail.
  • Share anticipated challenges your business may face in acquiring customers and how you plan to address them.
  • Add case studies, testimonials, and other data to support your target audience ideas.
  • Remember to consider niche audiences and segments of your target audience in your business plan.

5. Marketing Strategy

Here, you'll discuss how you'll acquire new customers with your marketing strategy. I’d suggest including information:

  • Your brand positioning vision and how you'll cultivate it
  • The goal targets you aim to achieve
  • The metrics you'll use to measure success
  • The channels and distribution tactics you'll use

I think it’s helpful to have a marketing plan built out in advance to make this part of your business plan easier.

Marketing Strategy Business Plan Example

This business plan example includes the marketing strategy for the town of Gawler.

In my opinion, it really works because it offers a comprehensive picture of how they plan to use digital marketing to promote the community.

Business plans examples: Marketing Strategy

Tips for Writing Your Marketing Strategy

  • Include a section about how you believe your brand vision will appeal to customers.
  • Add the budget and resources you'll need to put your plan in place.
  • Outline strategies for specific marketing segments.
  • Connect strategies to earlier sections like target audience and competitive analysis.
  • Review how your marketing strategy will scale with the growth of your business.
  • Cover a range of channels and tactics to highlight your ability to adapt your plan in the face of change.

6. Key Features and Benefits

At some point in your business plan, you'll need to review the key features and benefits of your products and/or services.

Laying these out can give readers an idea of how you're positioning yourself in the market and the messaging you're likely to use. It can even help them gain better insight into your business model.

Key Features and Benefits Business Plan Example

In my opinion, the example below does a great job outlining products and services for this business, along with why these qualities will attract the audience.

Business plans examples: Key Features and Benefits

Tips for Writing Your Key Features and Benefits

  • Emphasize why and how your product or service offers value to customers.
  • Use metrics and testimonials to support the ideas in this section.
  • Talk about how your products and services have the potential to scale.
  • Think about including a product roadmap.
  • Focus on customer needs, and how the features and benefits you are sharing meet those needs.
  • Offer proof of concept for your ideas, like case studies or pilot program feedback.
  • Proofread this section carefully, and remove any jargon or complex language.

7. Pricing and Revenue

This is where you'll discuss your cost structure and various revenue streams. Your pricing strategy must be solid enough to turn a profit while staying competitive in the industry. 

For this reason, here’s what I’d might outline in this section:

  • The specific pricing breakdowns per product or service
  • Why your pricing is higher or lower than your competition's
  • (If higher) Why customers would be willing to pay more
  • (If lower) How you're able to offer your products or services at a lower cost
  • When you expect to break even, what margins do you expect, etc?

Pricing and Revenue Business Plan Example

I like how this business plan example begins with an overview of the business revenue model, then shows proposed pricing for key products.

Business plans examples: Pricing and Revenue

Tips for Writing Your Pricing and Revenue Section

  • Get specific about your pricing strategy. Specifically, how you connect that strategy to customer needs and product value.
  • If you are asking a premium price, share unique features or innovations that justify that price point.
  • Show how you plan to communicate pricing to customers.
  • Create an overview of every revenue stream for your business and how each stream adds to your business model as a whole.
  • Share plans to develop new revenue streams in the future.
  • Show how and whether pricing will vary by customer segment and how pricing aligns with marketing strategies.
  • Restate your value proposition and explain how it aligns with your revenue model.

8. Financials

To me, this section is particularly informative for investors and leadership teams to figure out funding strategies, investment opportunities, and more.

 According to Forbes , you'll want to include three main things:

  • Profit/Loss Statement - This answers the question of whether your business is currently profitable.
  • Cash Flow Statement - This details exactly how much cash is incoming and outgoing to give insight into how much cash a business has on hand.
  • Balance Sheet - This outlines assets, liabilities, and equity, which gives insight into how much a business is worth.

While some business plans might include more or less information, these are the key details I’d include in this section.

Financials Business Plan Example

This balance sheet is a great example of level of detail you’ll need to include in the financials section of your business plan.

Business plans examples: Financials

Tips for Writing Your Financials Section

  • Growth potential is important in this section too. Using your data, create a forecast of financial performance in the next three to five years.
  • Include any data that supports your projections to assure investors of the credibility of your proposal.
  • Add a break-even analysis to show that your business plan is financially practical. This information can also help you pivot quickly as your business grows.
  • Consider adding a section that reviews potential risks and how sensitive your plan is to changes in the market.
  • Triple-check all financial information in your plan for accuracy.
  • Show how any proposed funding needs align with your plans for growth.

As you create your business plan, keep in mind that each of these sections will be formatted differently. Some may be in paragraph format, while others could be charts or graphs.

The formats above apply to most types of business plans. That said, the format and structure of your plan will vary by your goals for that plan. 

So, I’ve added a quick review of different business plan types. For a more detailed overview, check out this post .

1. Startups

Startup business plans are for proposing new business ideas.

If you’re planning to start a small business, preparing a business plan is crucial. The plan should include all the major factors of your business.

You can check out this guide for more detailed business plan inspiration .

2. Feasibility Studies

Feasibility business plans focus on that business's product or service. Feasibility plans are sometimes added to startup business plans. They can also be a new business plan for an already thriving organization.

3. Internal Use

You can use internal business plans to share goals, strategies, or performance updates with stakeholders. In my opinion, internal business plans are useful for alignment and building support for ambitious goals.

4. Strategic Initiatives

Another business plan that's often for sharing internally is a strategic business plan. This plan covers long-term business objectives that might not have been included in the startup business plan.

5. Business Acquisition or Repositioning

When a business is moving forward with an acquisition or repositioning, it may need extra structure and support. These types of business plans expand on a company's acquisition or repositioning strategy.

Growth sometimes just happens as a business continues operations. But more often, a business needs to create a structure with specific targets to meet set goals for expansion. This business plan type can help a business focus on short-term growth goals and align resources with those goals.

Now that you know what's included and how to format a business plan, let's review some of my favorite templates.

1. HubSpot's One-Page Business Plan

Download a free, editable one-page business plan template..

The business plan linked above was created here at HubSpot and is perfect for businesses of any size — no matter how many strategies we still have to develop.

Fields such as Company Description, Required Funding, and Implementation Timeline give this one-page business plan a framework for how to build your brand and what tasks to keep track of as you grow.

Then, as the business matures, you can expand on your original business plan with a new iteration of the above document.

Why I Like It

This one-page business plan is a fantastic choice for the new business owner who doesn’t have the time or resources to draft a full-blown business plan. It includes all the essential sections in an accessible, bullet-point-friendly format. That way, you can get the broad strokes down before honing in on the details.

2. HubSpot's Downloadable Business Plan Template

Sample business plan: hubspot free editable pdf

We also created a business plan template for entrepreneurs.

The template is designed as a guide and checklist for starting your own business. You’ll learn what to include in each section of your business plan and how to do it.

There’s also a list for you to check off when you finish each section of your business plan.

Strong game plans help coaches win games and help businesses rocket to the top of their industries. So if you dedicate the time and effort required to write a workable and convincing business plan, you’ll boost your chances of success and even dominance in your market.

This business plan kit is essential for the budding entrepreneur who needs a more extensive document to share with investors and other stakeholders.

It not only includes sections for your executive summary, product line, market analysis, marketing plan, and sales plan, but it also offers hands-on guidance for filling out those sections.

3. LiveFlow’s Financial Planning Template with built-in automation

Sample Business Plan: LiveFLow

This free template from LiveFlow aims to make it easy for businesses to create a financial plan and track their progress on a monthly basis.

The P&L Budget versus Actual format allows users to track their revenue, cost of sales, operating expenses, operating profit margin, net profit, and more.

The summary dashboard aggregates all of the data put into the financial plan sheet and will automatically update when changes are made.

Instead of wasting hours manually importing your data to your spreadsheet, LiveFlow can also help you to automatically connect your accounting and banking data directly to your spreadsheet, so your numbers are always up-to-date.

With the dashboard, you can view your runway, cash balance, burn rate, gross margins, and other metrics. Having a simple way to track everything in one place will make it easier to complete the financials section of your business plan.

This is a fantastic template to track performance and alignment internally and to create a dependable process for documenting financial information across the business. It’s highly versatile and beginner-friendly.

It’s especially useful if you don’t have an accountant on the team. (I always recommend you do, but for new businesses, having one might not be possible.)

4. ThoughtCo’s Sample Business Plan

sample business plan: ThoughtCo.

One of the more financially oriented sample business plans in this list, BPlan’s free business plan template dedicates many of its pages to your business’s financial plan and financial statements.

After filling this business plan out, your company will truly understand its financial health and the steps you need to take to maintain or improve it.

I absolutely love this business plan template because of its ease-of-use and hands-on instructions (in addition to its finance-centric components). If you feel overwhelmed by the thought of writing an entire business plan, consider using this template to help you with the process.

6. Harvard Business Review’s "How to Write a Winning Business Plan"

Most sample business plans teach you what to include in your business plan, but this Harvard Business Review article will take your business plan to the next level — it teaches you the why and how behind writing a business plan.

With the guidance of Stanley Rich and Richard Gumpert, co-authors of " Business Plans That Win: Lessons From the MIT Enterprise Forum ", you'll learn how to write a convincing business plan that emphasizes the market demand for your product or service.

You’ll also learn the financial benefits investors can reap from putting money into your venture rather than trying to sell them on how great your product or service is.

This business plan guide focuses less on the individual parts of a business plan, and more on the overarching goal of writing one. For that reason, it’s one of my favorites to supplement any template you choose to use. Harvard Business Review’s guide is instrumental for both new and seasoned business owners.

7. HubSpot’s Complete Guide to Starting a Business

If you’re an entrepreneur, you know writing a business plan is one of the most challenging first steps to starting a business.

Fortunately, with HubSpot's comprehensive guide to starting a business, you'll learn how to map out all the details by understanding what to include in your business plan and why it’s important to include them. The guide also fleshes out an entire sample business plan for you.

If you need further guidance on starting a business, HubSpot's guide can teach you how to make your business legal, choose and register your business name, and fund your business. It will also give small business tax information and includes marketing, sales, and service tips.

This comprehensive guide will walk you through the process of starting a business, in addition to writing your business plan, with a high level of exactitude and detail. So if you’re in the midst of starting your business, this is an excellent guide for you.

It also offers other resources you might need, such as market analysis templates.

8. Panda Doc’s Free Business Plan Template

sample business plan: Panda Doc

PandaDoc’s free business plan template is one of the more detailed and fleshed-out sample business plans on this list. It describes what you should include in each section, so you don't have to come up with everything from scratch.

Once you fill it out, you’ll fully understand your business’ nitty-gritty details and how all of its moving parts should work together to contribute to its success.

This template has two things I love: comprehensiveness and in-depth instructions. Plus, it’s synced with PandaDoc’s e-signature software so that you and other stakeholders can sign it with ease. For that reason, I especially love it for those starting a business with a partner or with a board of directors.

9. Small Business Administration Free Business Plan Template

sample business plan: Small Business Administration

The Small Business Administration (SBA) offers several free business plan templates that can be used to inspire your own plan.

Before you get started, you can decide what type of business plan you need — a traditional or lean start-up plan.

Then, you can review the format for both of those plans and view examples of what they might look like.

We love both of the SBA’s templates because of their versatility. You can choose between two options and use the existing content in the templates to flesh out your own plan. Plus, if needed, you can get a free business counselor to help you along the way.

I’ve compiled some completed business plan samples to help you get an idea of how to customize a plan for your business.

I chose different types of business plan ideas to expand your imagination. Some are extensive, while others are fairly simple.

Let’s take a look.

1. LiveFlow

business plan example: liveflow

One of the major business expenses is marketing. How you handle your marketing reflects your company’s revenue.

I included this business plan to show you how you can ensure your marketing team is aligned with your overall business plan to get results. The plan also shows you how to track even the smallest metrics of your campaigns, like ROI and payback periods instead of just focusing on big metrics like gross and revenue.

Fintech startup, LiveFlow, allows users to sync real-time data from its accounting services, payment platforms, and banks into custom reports. This eliminates the task of pulling reports together manually, saving teams time and helping automate workflows.

"Using this framework over a traditional marketing plan will help you set a profitable marketing strategy taking things like CAC, LTV, Payback period, and P&L into consideration," explains LiveFlow co-founder, Lasse Kalkar .

When it came to including marketing strategy in its business plan, LiveFlow created a separate marketing profit and loss statement (P&L) to track how well the company was doing with its marketing initiatives.

This is a great approach, allowing businesses to focus on where their marketing dollars are making the most impact. Having this information handy will enable you to build out your business plan’s marketing section with confidence. LiveFlow has shared the template here . You can test it for yourself.

2. Lula Body

Business plan example: Lula body

Sometimes all you need is a solid mission statement and core values to guide you on how to go about everything. You do this by creating a business plan revolving around how to fulfill your statement best.

For example, Patagonia is an eco-friendly company, so their plan discusses how to make the best environmentally friendly products without causing harm.

A good mission statement  should not only resonate with consumers but should also serve as a core value compass for employees as well.

Patagonia has one of the most compelling mission statements I’ve seen:

"Together, let’s prioritise purpose over profit and protect this wondrous planet, our only home."

It reels you in from the start, and the environmentally friendly theme continues throughout the rest of the statement.

This mission goes on to explain that they are out to "Build the best product, cause no unnecessary harm, and use business to protect nature."

Their mission statement is compelling and detailed, with each section outlining how they will accomplish their goal.

4. Vesta Home Automation

business plan example: Vesta executive summary

This executive summary for a smart home device startup is part of a business plan created by students at Mount Royal University .

While it lacks some of the sleek visuals of the templates above, its executive summary does a great job of demonstrating how invested they are in the business.

Right away, they mention they’ve invested $200,000 into the company already, which shows investors they have skin in the game and aren’t just looking for someone else to foot the bill.

This is the kind of business plan you need when applying for business funds. It clearly illustrates the expected future of the company and how the business has been coming along over the years.

5. NALB Creative Center

business plan examples: nalb creative center

This fictional business plan for an art supply store includes everything one might need in a business plan: an executive summary, a company summary, a list of services, a market analysis summary, and more.

One of its most notable sections is its market analysis summary, which includes an overview of the population growth in the business’ target geographical area, as well as a breakdown of the types of potential customers they expect to welcome at the store. 

This sort of granular insight is essential for understanding and communicating your business’s growth potential. Plus, it lays a strong foundation for creating relevant and useful buyer personas .

It’s essential to keep this information up-to-date as your market and target buyer changes. For that reason, you should carry out market research as often as possible to ensure that you’re targeting the correct audience and sharing accurate information with your investors.

Due to its comprehensiveness, it’s an excellent example to follow if you’re opening a brick-and-mortar store and need to get external funding to start your business .

6. Curriculum Companion Suites (CSS)

business plan examples: curriculum companion suites

If you’re looking for a SaaS business plan example, look no further than this business plan for a fictional educational software company called Curriculum Companion Suites. 

Like the business plan for the NALB Creative Center, it includes plenty of information for prospective investors and other key stakeholders in the business.

One of the most notable features of this business plan is the executive summary, which includes an overview of the product, market, and mission.

The first two are essential for software companies because the product offering is so often at the forefront of the company’s strategy. Without that information being immediately available to investors and executives, then you risk writing an unfocused business plan.

It’s essential to front-load your company’s mission if it explains your "Why?" and this example does just that. In other words, why do you do what you do, and why should stakeholders care? This is an important section to include if you feel that your mission will drive interest in the business and its offerings.

7. Culina Sample Business Plan

sample business plan: Culina

Culina's sample business plan is an excellent example of how to lay out your business plan so that it flows naturally, engages readers, and provides the critical information investors and stakeholders need. 

You can use this template as a guide while you're gathering important information for your own business plan. You'll have a better understanding of the data and research you need to do since Culina’s plan outlines these details so flawlessly for inspiration.

8. Plum Sample Business Plan

Sample business plan: Plum

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How to Write a S.M.A.R.T. Project Objective

By Kate Eby | November 22, 2016 (updated February 25, 2023)

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In this article, you'll learn all there is to know about the S.M.A.R.T method, and how to write the most effective goals for your project.

Included on this page, you'll learn what a project objective is , examples of successful project objectives , tips on how to craft a clear, concise objective using the S.M.A.R.T. method , and much more.

What Is a Project Objective?

A project objective states the desired results of a project at its outset, including goals and deliverables. An objective should be specific and measurable, and identify any time, budget, and quality constraints.

Objectives can be used in project planning for business, government, nonprofit organizations, and even for personal use (for example, in resumes to describe the exact position a job-seeker wants). A project may have one objective, many parallel objectives, or several objectives that must be achieved sequentially. To produce the most benefit, objectives must be defined early in the project life cycle , in phase two, the planning phase. 

Benefits of the Well-Written Objective

A well written objective is crucial because it can affect every step of the project life cycle. When you create a specific objective, you give your team a greater chance of achieving the objective because they know precisely what they’re working towards. Clear project objectives also support the current emphasis on total quality management: every member of the team can consider themselves responsible for quality, because the whole team can see the desired outcome from the beginning of the project. 

All types of endeavors can benefit from objectives. As an individual, you may use an objective to target exactly what to plan for. For example, you may know you want to go to graduate school, but finding an objective will help you to understand that you want to obtain a sociology degree at your local community college and to graduate in six years. A small nonprofit group may use objectives to determine that success for a recycling education program is when 40 percent of households in a county request free composting buckets. A construction company might use objectives to keep a building project on schedule and within budget . 

No matter what the project type, templates can make the job easier, from crafting the objective statements to planning the project .

Project Goal and Objectives Worksheet

Download Project Goal and Objectives Template

Excel | Word | PDF

Project Objectives Worksheet

Download Project Objectives Worksheet Template

The Taxonomy of Project Definitions

You may encounter several definitions of objectives , such as vision statements and business goals. While these terms are often used interchangeably, we’ve outlined the relationships among them to help you use them correctly:    

Vision Statement -  A statement that expresses the high-level intention of a project (often with lofty or unachievable goals). For example, a school may aim for perfect pupil attendance or a company may strive for 100% customer satisfaction. 

Business Goals - A company creates these to describe the overall outcomes it wants to accomplish in a certain time frame. Business goals are captured in business plans.     

Goals - A high-level, broad, non-specific, and long-term definition of what the group or organization wants to accomplish. Goals are not measurable, and several discrete projects may be needed to achieve a goal. Some people say that project goals do not need to be defined, so long as a project manager understands the business goals. However, project objectives are always needed. In a business, project goals are influenced by business goals. 

Objectives - Influenced by goals, an objective is a low-level description of the specific and measureable outcomes desired from a project. Activities and most likely deliverables will contribute to achieving the objective. The project and its objectives must always contribute to the goal, otherwise the project should not be attempted.          Bottomline: Goals are high-level, general statements about the aims of the project, while objectives are detailed statements about what the project should accomplish. 

Activities - This is what your team will do to achieve the objective. An activity can be a specific action or a process, and many activities will likely be involved to meet objectives. As with everything in project management, the key consideration for activities is that they contribute directly to achieving the objective, and thereby the goal. 

Deliverables - A specific, tangible product or thing, like a report or a software app. One or more deliverables may contribute to achieving an objective, but it is important not to define the objective as a deliverable. In other words, if the objective is written at too low a level, you risk creating the wrong deliverables. Rather, the objective is there to guide you and the team to determine what products or processes are needed. For example, say you have difficulty falling asleep each night. You may decide that your objective is to buy relaxing chamomile tea. Drinking the tea might help, but if your objective had been to ensure at least seven hours of sleep a night by the following month, you might have explored other solutions that would have greater benefits, such as making sure to get an hour of exercise every day.      Requirements - A description of features and functions. Objectives should not include features and functions. 

How to Define S.M.A.R.T. Objectives

SMART objectives are specific, measurable, achievable, realistic, and time-bound. To write SMART goals, consider the key performance indicators (KPIs) that are specific to your business or project. 

Specific: Define your objectives clearly, in detail, leaving no room for misinterpretation. Think of the five w’s (who, what, when, where, and why). 

Measurable: State the measures and performance specifications you’ll use to determine whether you’ve met your objectives.  

Achievable or Attainable: Choose objectives that the team has a reasonable expectation of successfully completing. 

Realistic: Set objectives the project team believes it can achieve. Relevant objectives align with group or company goals.

Time-bound: Include the date or specific period by which you’ll achieve the objectives.

If you’re interested in creating S.M.A.R.T. goals, use our template as a guide. 

Objectives and Indicators In some project management guides, you may also find reference to objectives and indicators. This is a different way of expressing the S.M.A.R.T. criteria. An objective may be stated as, Children in x county shall read better. The indicators would be, 60 percent of children under age 13 read at the appropriate reading level for their age.

Best Practices for Writing Successful Project Objectives

A project objective should be a brief, one-sentence statement that includes actionable, measurable goals. We’ve outlined some best practices for writing a successful project objective below.

Keep in mind that an objective should not specify how something is done, and consider the context and guidelines the organization you’re writing for use.

Here are a few suggestions to help you as you write the statement:

  • Write the objective before starting the project.
  • Identify all objectives at the beginning.
  • An objective cannot be written in isolation. Get support from all levels of the team. If the team doesn’t believe in the objective, they won’t work towards it and stakeholders won’t provide resources. If stakeholders disagree with the objective, work with them until you get a statement you can all stand behind.
  • Be brief; it increases the chances of objectives being read and understood.
  • Be clear; don’t give a list of options or a range of target numbers. Ask for what you need and what you expect.
  • Use plain English, not jargon so everyone can understand your objective.
  • Make sure your objectives are things you actually can control. For example, “I will send out 50 letters of interest by next week” describes something you can achieve. “I will book 15 jobs by next week” is not something you can control, because it’s up to someone else to hire you.

Examples of Project Objectives

 Although project management guides and organizations differ on how specific the verbs used in an objective should be, all sources agree that an objective should be detailed to be effective. The following are examples of how not to and how to write an objective.

Poorly Written Objectives

  • Personal: Earn more money.
  • Personal: Go to university.
  • Nonprofit: Help children read better.
  • Business: Create a new app.
  • Business: Install a new system.

Examples of Well Written Objectives

  • Personal: Your goal may be to buy a house, but your objective is to get a condominium for under $250,000 with two bedrooms by August.
  • Business: The goal is to build up the company in the near future. The objective is to increase sales of Super Widget by 10 percent by the second quarter of next year. 
  • Business: The goal is to make existing customers happier. The objective is to improve customer satisfaction rates by 50 percent by June 30 through training of customer service team.
  • Nonprofit: The goal is to restore a native habitat around the retention pond near the Old Road to encourage native bird and animal species to visit and improve water filtration. The objective is to support residential homeowners around the pond to remove and replace non-native plants on one-third of the designated area by December. 
  • Objective 1: To locate a kitchen and eating space on a bus route that can serve 30 women by December 15. 
  • Objective 2: To recruit volunteers who will staff the kitchen for breakfast and dinner by December 30. 
  • Objective 3: To organize a regular donated food supply for breakfasts and dinners from local organizations and restaurants by December 30.

Use Smartsheet to Create and Document Your SMART Goals

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The Smartsheet platform makes it easy to plan, capture, manage, and report on work from anywhere, helping your team be more effective and get more done. Report on key metrics and get real-time visibility into work as it happens with roll-up reports, dashboards, and automated workflows built to keep your team connected and informed. 

When teams have clarity into the work getting done, there’s no telling how much more they can accomplish in the same amount of time.  Try Smartsheet for free, today.

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  • How to write an effective project objec ...

How to write an effective project objective, with examples

Julia Martins contributor headshot

You finished your project, now what?

If you don’t have a system in place to know what your project objectives are, you don’t have an easy way to know: Did your project succeed? Did you hit your goals? Or did you miss your target?

What are project objectives?

Project objectives are what you plan to achieve by the end of your project. This might include deliverables and assets, or more intangible objectives like increasing productivity or motivation. Your project objectives should be attainable, time-bound, specific goals you can measure at the end of your project.

Project objectives are a critical element of  project management —without them, you don’t have a succinct way to communicate your goals before and during the project, nor do you have a measurable way to evaluate your success after the project ends.

If you’re just getting started with project objectives, here’s how they differ from other project management elements:

Project objectives vs. project goals

Though some teams may use these interchangeably, there is a distinct difference between project goals vs. objectives . In general, project goals are higher-level than project objectives. Your project goals should outline what happens once your project is successful, and how your project aligns with overall business objectives.

Project objectives, on the other hand, are more detailed and specific than project goals. Though many project objectives may impact business objectives, your project objectives are more focused on your actual, specific deliverables at the end of the project.

Example of a project objective:  Add five new ways for customers to find the feedback form in-product within the next two months.

Example of a project goal:  Make it easier for the engineering team to receive and respond to customer feedback.

Project objectives vs. business objectives

Project objectives are just that—objectives and performance indicators for individual projects. Your project objectives should apply to the project they’re about, and they should be specific enough to guide your team in evaluating project success.

Business objectives are bigger than a single project. Unlike project objectives, your business objectives will fuel your business trajectory and velocity. Your business objectives should be long-term guidelines for your entire company or department. They will guide your company goals for a quarter or year, and they should be written in whatever goal-setting methodology your team uses, like  objectives and key results (OKRs) .

Example of a project objective:  Increase our company Net Promoter Score (NPS) to 62 by the end of the quarter.

Example of a business objective:  Become the premier service provider in our category.

Project objectives vs. project plan

Your project plan is a blueprint of the key elements your team needs to accomplish in order to successfully achieve your project goals and objectives. However, your project plan should include several additional key elements, like your project stakeholders, deliverables, timeline, and more.

Plan to create your project objectives before working on your project plan, since your objectives will likely drive other elements of your project plan, like deliverables and success metrics. But once your project objectives are written, you’ll likely share them with stakeholders by way of the project plan.

Example of a project objective:  Increase click through rate (CTR) engagement on email by 10% by the end of Q3.

Example of a project plan:  See an example plan in our  guide to project planning .

Project objectives vs. project milestones

At first glance, “objectives” and “milestones” sound like the same thing—they’re both targets within a project. But project milestones, in general, should be smaller in scope than project objectives.

A  project milestone  is a checkpoint that marks a specific achievement in your project timeline. Milestones themselves don’t represent work—rather, they record the accomplishment of a group of tasks or deliverables. While project milestones are important, your project objectives encompass your whole project.

Example of a project objective:  Obtain 20,000 RSVPs to our virtual event before the closing date for signups (June 23rd).

Example of a project milestone:  June 8th, 2021: Web page promotion upcoming virtual event goes live.

Project objectives vs. project deliverables

Project deliverables  are the assets you want to have at the end of your project—in a marketing campaign, for example, a deliverable could be a new ad or a web page. In general, your project objectives will define what your deliverables are—but your objectives should also be broader than your deliverables.

In addition to capturing deliverables, your project objectives will also define the benefits and outcomes to come from those deliverables, especially as they relate to the grander scheme of your project goals and business objectives.

Example of a project objective:  Reduce monthly customer churn to >1% before the end of the year.

Example of a deliverable:  Launch winback campaign for all lapsed customers.

The benefits of project objectives

A clear project objective helps you know where you’re going with your project. Without a project objective, you don’t have an easy way to know if your project succeeded or failed—nor can you plan improvements for the next project you work on.

When team members don’t have a clear sense of how their work fits into the larger project and company goals, they’re less motivated and less engaged. According to the  Asana Goals Report , only 26% of knowledge workers have a clear understanding of how their individual work contributes toward company goals. Granted, your project objectives aren’t company goals—but they’re the middle step that connects individual work to your project work to your company goals.

So when you have clearly-defined project objectives, your team members can consistently evaluate their work and refocus on the objectives if they’ve gotten misaligned. Think of your objectives as a compass to help your team continue moving in the right direction.

5 tips to write great project objectives

The secret to writing great project objectives is to create objectives that are clearly written and helpful. You can do this by using the SMART methodology , which stands for:

For a full walkthrough of this methodology, read our article to learn how to write better SMART goals .

1. Set your project objectives at the beginning of your project

In order for your objectives to guide the results of the project, you need to set them at the beginning and use them to guide your project. As we mentioned earlier, your project objectives are a key element of your  project plan , which you should also create at the beginning of your project.

2. Involve your project team in the goal-setting process

The more buy-in you get, the more successful your project objectives will be. Your stakeholders need to have a clear understanding of the objectives of the project, so they can approach the rest of your project plan and the work that happens during the project most effectively.

3. Create brief, but clear, project objective statements

If this is your first time writing a project objective, you may be tempted to outline every detail—but try to keep your project objective short if you can. Think of it as a statement to guide the results of your project—your project objective statement should be about one to two sentences long. The additional information, like your project budget or stakeholders, will be captured in your project plan.

4. Make sure your objectives are things you can control

This is where the SMART acronym comes in to play to help you create clearly-defined, realistic, and controllable project objectives. There are five elements to this framework:

Specific.  Make sure your project objective statement clearly covers the project your team is currently working on. Avoid writing overly broad project objectives that don’t directly connect to the result of the project.

Measurable.  At the end of your project, you need a way to clearly look back and determine if your project was a success. Make sure your project objectives are clearly measurable things—like percentage change or a specific number of assets.

Achievable.  Are your project objectives something you can reasonably hope to achieve within your project? this is connected to your project scope —if your project scope is unrealistic, your project objectives likely will be, too. Without Achievable project goals, your project may suffer from  scope creep , delays, or overwork.

Realistic.  When you’re creating your project objectives, you should have a general sense of your  project resources . Make sure your objectives are something you can achieve within the time frame and with the resources you have available for this project.

Time-bound.  Your project objectives should take into account how long your project timeline is. Make sure you factor in the time you have available to work on your project.

5. Check in on your project objectives during the project’s lifecycle

Employees who understand how their individual work adds value to their organization are  2X as motivated . In order to keep your team aligned and motivated, make sure to check in and update them on your project objectives frequently. In your  project status reports , include a section that connects back to your project objectives. Share whether your current project is on track, at risk, or off track. That way, your project team can recalibrate if necessary and move forward in a way that best contributes to your project objectives.

Examples of good and bad project objectives

It’s not easy to write a project objective, and it’ll take time for you to get in the groove of writing these for your projects. That’s ok! Check out these three examples of good and bad objectives to help you write your own:

Example 1: Business project objective

Bad: Launch new home page.

This project objective is missing many important characteristics. Though this objective is measurable, achievable, and realistic, it’s not specific or time-bound. When should the home page be live? What should the redesign focus on?

Good: Create net-new home page assets and copy, focusing on four customer stories and use cases. Launch refreshed, customer-centric home page by the end of Q2.

This project objective is solid. It’s specific ( create net-new home page assets and copy ), measurable ( launch refreshed, customer-centric home page ), achievable and realistic ( focusing on four customer stories and use cases ), and time bound ( by the end of Q2 ).

Example 2: Nonprofit project objective

Bad: Increase sustainability in our production process by 5%

Though this project objective is more specific than the previous bad example, it’s still lacking several important characteristics. This objective is measurable ( by 5% ), but it’s not specific or time-bound, since we don’t specify what “sustainability” means or by when the production process should improve. As a result, we don’t really know if it’s achievable or realistic.

Good: Reduce operational waste by 5% and increase use of recycled products by 20% in the next 12 weeks.

This project objective builds upon the previous one, because we now have a specific objective. This project objective also includes a way to measure the goal ( by 5%... by 20% ). The objective is a little ambitious, but the fact that it’s time-bound ( in the next 12 weeks ) makes it both achievable and realistic.

Example 3: Personal project objective

Bad: Improve performance reviews

Believe it or not, most personal project objectives aren’t specific or measurable. That’s because we have a hard time turning success metrics inwards, onto ourselves. But in order to know if we improved and achieved our personal goals, we need to create a clearer project objective.

Good: Get at least a 4/5 on both the March and September performance reviews in 2021.

Here, we have a project objective that checks all of the right boxes: it’s specific ( get at least a 4/5 ), measurable ( 4/5 ), achievable and realistic ( 4/5 gives us room for any unanticipated difficulties ), and time-bound ( in 2021 ).

Objectively speaking, project objectives are a good idea

Setting a project objective can help your team gain clarity, align on work, and get more work done. But remember: project objectives are just one part of your overall project plan. To learn more about how you can increase clarity and alignment during the project planning stage, read our guide to  writing project plans .

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6 Top Mission Statement Examples For Your Business Plan

Mission and Vision Statement Templates

Free Mission and Vision Statement Templates

Aayushi Mistry

  • December 11, 2023

Mission Statement Examples

Example 1: A Mission Statement by Hubspot

There’s this notion that to grow a business, you have to be ruthless. But we know there’s a better way to grow. One where what’s good for the bottom line is also good for customers. We believe businesses can grow with a conscience, and succeed with a soul — and that they can do it with inbound. That’s why we’ve created a platform uniting software, education, and community to help businesses grow better every day.

sample objective statement for business plan

Want to Generate a Mission Statement for your Business?

Craft a strong and purposeful mission statement in minutes with our easy-to-use Free AI Mission Statement Generator .

Hubspot is a company that develops and offers a fully functioning systematic platform for sales, marketing, and CRM management. They also offer the right measures to grow your business through consultations and courses.

Expert’s rating on the mission statement: 4 / 5

  • Adding the emotional touch.
  • Comparison with the traditional business.
  • Clear about what they stand for.
  • Clear about what they do.

Some of you might find this statement a little longer than usual. But what’s best is that they managed to add all the values, ethics, and culture with a friendly vocabulary. All of it, in just 4 to 5 sentences. And if you look closely, it’s not so long.

Example 2: A Mission Statement by Microsoft

Empower every person and organization on the planet to achieve more.

Microsoft Corporation is an American multinational technology company. It develops, manufactures, licenses key supports, and sells computer software, consumer electronics, personal computers, and related services.

Expert’s rating on the mission statement: 5 / 5

  • It is the simplest and boldest mission statement .
  • Very clear in communicating the value and ethics.
  • It has a tinge of empowering emotion. It makes you want to know and have Microsoft right away.
  • Most importantly, it is a one-liner with the best use of vocabulary. Hence, easy to remember.

Example 3: A Mission Statement from Tesla

To accelerate the world’s transition to sustainable energy.

Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla’s current products include electric cars, battery energy storage from home to grid-scale, solar panels, and solar roof tiles, as well as other related products and services.

  • You can already sense the speed and change in the mission statement.
  • You can relate the statement to the founder, Elon Musk .
  • Clear about what they want to accomplish
  • Short, simple, and catchy enough for you to never forget it.

Example 4: A Mission Statement by Asos

To become the number 1 fashion destination for 20-somethings globally.

ASOS plc is a British online fashion and cosmetic retailer. The company was founded in 2000 in London, primarily aimed at young adults. The website sells over 850 brands as well as its own range of clothing and accessories, and ships to all 196 countries from fulfillment centers in the UK, Subcontinent, and Europe.

Their ambition, their service, and their target audience, everything put together in one sentence. The statement can’t get clearer than this!

Example 5: A Mission Statement by Disney

To be one of the world’s leading producers and providers of entertainment and information, using its portfolio of brands to differentiate its content, services and consumer products.

The Walt Disney Company , commonly known as Disney, is an American diversified multinational mass media and entertainment conglomerate headquartered at the Walt Disney Studios complex in Burbank, California.

Expert’s rating on the mission statement: 3 / 5

  • The mission statement is longer than required.
  • It is not relevant to the grand and creative world of Disney.
  • It has no emotional touch.
  • It is clear what they do and offers.

Example 6: A Mission Statement by Sony

To be a company that inspires and fulfills your curiosity.

Sony Corporation is a Japanese multinational conglomerate corporation headquartered in Konan, Minato, Tokyo.

  • It is not relevant to the grand, colorful sets of Sony
  • Unclear with what they do and offer.

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sample objective statement for business plan

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Sample Juice Bar Business Plan

Growthink.com Juice Bar Business Plan Template

Writing a business plan is a crucial step in starting a juice bar business. Not only does it provide structure and guidance for the future, but it also helps to create funding opportunities and attract potential investors. For aspiring juice bar business owners, having access to a sample juice bar business plan can be especially helpful in providing direction and gaining insight into how to draft their own juice bar business plan.

Download our Ultimate Juice Bar Business Plan Template

Having a thorough business plan in place is critical for any successful juice bar venture. It will serve as the foundation for your operations, setting out the goals and objectives that will help guide your decisions and actions. A well-written business plan can give you clarity on realistic financial projections and help you secure financing from lenders or investors. A juice bar business plan example can be a great resource to draw upon when creating your own plan, making sure that all the key components are included in your document.

The juice bar business plan sample below will give you an idea of what one should look like. It is not as comprehensive and successful in raising capital for your juice bar as Growthink’s Ultimate Juice Bar Business Plan Template , but it can help you write a juice bar business plan of your own.

Example – FreshSip Juicery

Table of contents, executive summary, company overview, industry analysis, customer analysis, competitive analysis, marketing plan, operations plan, management team, financial plan.

At FreshSip Juicery, we are passionate about providing our community with a refreshing and healthy alternative to traditional fast food options. Located at the heart of the city, our juicery specializes in crafting a wide assortment of freshly squeezed juices, smoothies, and acai bowls, all made from locally sourced fruits and vegetables. We pride ourselves on our commitment to quality, ensuring each drink and bowl is not only delicious but also packed with nutritional benefits. Our goal is to become a staple in our local community, offering a welcoming space for health enthusiasts and those looking to make healthier dietary choices.

Our success is driven by our focus on quality, affordability, and customer experience. We’ve quickly become a favorite in our community, thanks to our extensive menu that caters to a variety of dietary needs and preferences. Additionally, our strategic location and strong relationships with local suppliers have enabled us to maintain a steady supply of fresh ingredients, ensuring the highest quality of our products. Our accomplishments to date include a growing base of loyal customers, positive feedback on social media, and recognition from local health and wellness groups, setting us apart as a leading juicery in our area.

The juice and smoothie bar industry has shown remarkable resilience and growth, driven by increasing consumer focus on health and wellness. Trends indicate a rising demand for nutritious, convenient meal options, particularly among millennials and health-conscious individuals. The industry has also seen innovation in product offerings, such as the introduction of superfoods and organic ingredients, catering to evolving consumer preferences. With this backdrop, FreshSip Juicery is well-positioned to capitalize on these trends, offering a product lineup that aligns with current market demands and sets us apart from traditional fast-food and beverage options.

Our target customers are health-conscious individuals seeking nutritious and delicious alternatives to traditional fast food. This group includes busy professionals, fitness enthusiasts, and families looking for quick, healthy meal options. Our customer base values quality ingredients, convenience, and products that cater to specific dietary needs, such as gluten-free, vegan, or low-calorie options. We’ve tailored our menu to meet these needs, offering a variety of juices, smoothies, and bowls that appeal to our diverse clientele. Our focus on customer experience and satisfaction has helped us build a loyal following within our community.

Top Competitors: GreenLeaf Juicery, VitaBoost Smoothie Bar, and Pure Energy Café.

FreshSip Juicery differentiates itself from competitors through our commitment to quality, locally sourced ingredients, and a menu designed to cater to a wide range of dietary preferences. Unlike our competitors, we offer an extensive selection of juices, smoothies, and acai bowls, emphasizing freshness and nutritional value. Our competitive advantages include our strategic location, strong supplier relationships, and a focus on creating a welcoming and inclusive atmosphere for our customers.

Our marketing strategy focuses on highlighting the quality, nutritional value, and affordability of our products. We offer a range of freshly squeezed juices, smoothies, cold-pressed juices, and acai bowls, priced competitively to attract a broad customer base. Our promotions plan includes leveraging social media to showcase our products, engage with our community, and share customer testimonials. We also plan to participate in local health and wellness events, offer loyalty programs, and partner with fitness centers to increase brand visibility and attract new customers. Through these efforts, we aim to strengthen our position in the market and drive traffic to our juicery.

Key operational processes at FreshSip Juicery include sourcing high-quality, local ingredients, maintaining strict quality control, and ensuring a seamless customer experience. Our operations are designed to support rapid order fulfillment without compromising on quality or service. We have set milestones that include expanding our menu offerings, increasing our daily customer count, and enhancing our customer loyalty program. These milestones are aimed at driving growth, increasing revenue, and solidifying our reputation as the go-to juicery in our community.

Our management team comprises individuals with extensive experience in the food and beverage industry, including expertise in nutrition, business management, and customer service. This diverse skill set ensures we are well-equipped to oversee daily operations, manage supplier relationships, and drive strategic growth. Our team’s passion for health and wellness aligns with our company’s mission, enabling us to deliver an exceptional experience to our customers while maintaining a strong and sustainable business model.

Welcome to FreshSip Juicery, a new Juice Bar dedicated to serving customers in Sacramento, CA. As a local juice bar, we pride ourselves on filling a gap in the market where high-quality, local juice bars are scarce. Our mission is to bring a fresh, healthy, and delicious option to the community, offering a variety of juices and smoothies made from the finest ingredients.

At FreshSip Juicery, our product lineup is designed to cater to a wide range of tastes and dietary needs. We offer freshly squeezed juices, smoothies, cold-pressed juices, juice cleanses, and acai bowls. Each product is crafted with care, ensuring that our customers enjoy the highest quality drinks and bowls every time they visit us. Our commitment to quality and variety sets us apart from the competition, making us a premier destination for juice lovers in Sacramento.

Located in the heart of Sacramento, CA, FreshSip Juicery is perfectly positioned to serve the local community. Our strategic location allows us to reach a broad audience, from health-conscious individuals looking for nutritious options to those simply seeking a refreshing drink or snack. We are excited to be a part of the Sacramento community and look forward to welcoming customers from all walks of life.

FreshSip Juicery stands out in the competitive juice bar market for several reasons. Our founder brings invaluable experience from previously running a successful juice bar, which has been instrumental in shaping our approach to business. Moreover, our commitment to creating better drinks and smoothies than our competitors, combined with our extensive selection of flavors, juices, and bowls, positions us for success. We believe that our unique offerings and dedication to quality will make us a favorite among locals and visitors alike.

Since our founding on 2024-01-05, FreshSip Juicery has achieved significant milestones as a S Corporation. We’ve invested time and effort into developing our brand, including designing our logo and developing our company name, which resonate with our vision and values. Additionally, we found a great location that enhances our visibility and accessibility to our target market. These accomplishments to date lay a solid foundation for our future growth and success in the Sacramento community.

The Juice Bar industry in the United States is currently a thriving market with a sizeable consumer base. According to recent market research, the Juice Bar industry is estimated to be worth over $2 billion, with a steady annual growth rate of approximately 4%. This indicates a strong demand for healthy beverage options among consumers, presenting a promising opportunity for businesses operating in this sector.

One of the key trends driving growth in the Juice Bar industry is the increasing focus on health and wellness among consumers. With more people seeking out nutritious and natural food and beverage options, Juice Bars have become popular destinations for those looking to incorporate more fruits and vegetables into their diets. This trend aligns well with the offerings of FreshSip Juicery, which prides itself on using fresh, locally-sourced ingredients to create delicious and nutritious juices and smoothies for its customers in Sacramento, CA.

Furthermore, another trend in the Juice Bar industry is the rising popularity of customizable beverage options. Consumers today are looking for personalized experiences, including the ability to tailor their drinks to meet their specific tastes and dietary preferences. FreshSip Juicery can capitalize on this trend by offering a wide variety of fruits, vegetables, and add-ins for customers to choose from, allowing them to create their perfect custom beverage. By staying attuned to industry trends and consumer preferences, FreshSip Juicery is well-positioned to succeed in the competitive Juice Bar market.

Below is a description of our target customers and their core needs.

Target Customers

FreshSip Juicery will target a diverse customer base within the local residents, focusing on individuals who prioritize health and wellness in their daily routine. This segment appreciates the benefits of fresh, nutrient-packed juices as part of their diet. The juicery will tailor its offerings to meet the demand for high-quality, convenient nutrition options that fit into the fast-paced lifestyle of health-conscious consumers.

Aside from the health enthusiasts, FreshSip Juicery will also appeal to young professionals and students looking for quick, healthy meal alternatives. This demographic is often on the lookout for food and beverage options that can support their busy schedules without compromising on taste or nutritional value. The juicery’s strategic location and product range will ensure it becomes a preferred choice among this segment.

Moreover, FreshSip Juicery will cater to families seeking healthier food choices for their children. By offering a variety of kid-friendly flavors and incorporating educational elements about the benefits of fruits and vegetables, the juicery will become a go-to destination for parents aiming to instill healthy eating habits in their children from a young age. This approach will not only expand the customer base but also foster a community around healthy living.

Customer Needs

FreshSip Juicery meets the growing demand for high-quality beverages and smoothies that customers desire for their daily nourishment and refreshment. Residents seek not only taste but also the assurance of health benefits, which our carefully curated menu ensures. Our offerings cater to the health-conscious consumer looking for nutrient-rich options that do not compromise on flavor.

In addition to satisfying the nutritional needs, FreshSip Juicery provides a welcoming and vibrant atmosphere where customers can enjoy their drinks. This environment becomes a casual meeting spot for friends, a tranquil setting for individuals to unwind, or a quick stop for professionals on the go. We understand the importance of creating an experience, not just serving a drink.

Moreover, FreshSip Juicery addresses the need for convenience in today’s fast-paced world. Our strategic location, coupled with options for mobile ordering and delivery, ensures that customers can easily access our products without disrupting their busy schedules. We recognize the value of time and strive to make our service as efficient and accessible as possible.

FreshSip Juicery’s competitors include the following companies:

Sun & Soil Health Company offers a wide variety of organic juices, smoothies, and health shots, focusing on using locally sourced and organic ingredients. Their products are priced at a premium, reflecting the quality and sourcing of their ingredients. The company operates multiple locations within the Sacramento area, targeting health-conscious consumers looking for organic and sustainable options. Their key strengths include a strong commitment to sustainability and community involvement, which resonates well with their customer base. However, their premium pricing can be a barrier for more price-sensitive customers, making it a weakness in attracting a broader audience.

Vibe Health Bar also serves as a significant competitor, offering a diverse menu that includes acai bowls, smoothies, juices, and vegan eats. They position themselves in the market with competitive pricing and a focus on health and wellness. Vibe Health Bar operates several locations across Sacramento, catering to individuals seeking nutritious, fast-casual dining options. Their strengths lie in their extensive menu that appeals to various dietary preferences and the integration of superfoods into their offerings. A potential weakness is the intense competition in the fast-casual segment, requiring continuous innovation and marketing efforts to maintain customer interest and loyalty.

Cap City Squeeze Juice Bar is known for its wide selection of fresh juices, smoothies, and wellness shots, aimed at providing quick and healthy options to its customers. Their pricing strategy is competitive, offering value for money with an emphasis on quality and freshness. The juice bar has a strategic presence in Sacramento, targeting busy professionals and health-conscious individuals looking for convenient nutrition solutions. A key strength of Cap City Squeeze is their focus on convenience, with locations strategically placed to serve their target customer segments effectively. However, a potential weakness could be the challenge of differentiating themselves in a crowded market, where consumers have numerous options for juice and smoothie bars.

Competitive Advantages

At FreshSip Juicery, we pride ourselves on delivering an unparalleled experience that goes beyond just serving drinks and smoothies. Our commitment to quality ensures that every sip is not only refreshing but also superior in taste to our competition. We understand that variety is the spice of life, which is why our menu boasts a more extensive array of flavors, juices, and bowls than any other juice bar in the area. Each ingredient is carefully selected to ensure the highest level of freshness and nutritional value, making our offerings not just delicious but also beneficial for health. This dedication to excellence in both taste and variety positions us as a leading choice for those seeking a premium juice bar experience.

Moreover, our competitive edge is further sharpened by our innovative approach to customer service and engagement. We recognize the importance of a personalized experience, which is why our staff is trained to not just serve but also to educate our customers on the benefits of each ingredient we use. This interactive approach not only enriches the customer experience but also fosters a sense of community and loyalty towards our brand. Additionally, we stay ahead of industry trends by continually updating our menu with new and exciting offerings, ensuring that our customers always have something new to look forward to. By combining superior product quality with a dynamic and engaging customer service model, FreshSip Juicery sets itself apart as a leader in the juice bar industry.

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products and Services

FreshSip Juicery emerges as a vibrant spot for health enthusiasts and juice lovers, offering a variety of refreshing and nutritious beverages and bowls designed to cater to a wide range of tastes and dietary needs. At the heart of their menu are the freshly squeezed juices, which are made to order using the finest, locally sourced fruits and vegetables. Customers can expect to pay an average of $7 for a medium-sized drink, which is a testament to the juicery’s commitment to affordability without compromising on quality. These juices are perfect for those looking for a quick vitamin boost or a refreshing drink to go.

For those in search of a more filling option, the smoothies at FreshSip Juicery provide a delicious solution. Blended with real fruit and other natural ingredients like yogurt or almond milk, these smoothies are both nourishing and satisfying. With prices averaging around $8 for a generous serving, customers can enjoy a variety of flavors, tailored to suit their personal taste or nutritional goals, making it a popular choice for breakfast or a post-workout meal.

The cold-pressed juices represent another highlight of the menu, offering a longer shelf life and a method that retains more nutrients and enzymes than traditional juicing methods. Priced at about $9 per bottle, these juices are an excellent option for those looking to stock up on their juice fix or seeking a more intense nutrient intake. The meticulous cold-press process ensures that each bottle is packed with pure, concentrated goodness.

For customers interested in a detox or health kick, the juice cleanses from FreshSip Juicery offer a structured way to reset the body. With a range of options available, from one-day refreshers to more extended cleanse plans, prices start at $45 per day. These cleanses are designed to provide a balanced intake of nutrients while giving the digestive system a break, and they come with guidance and support to help customers through their cleansing journey.

Last but not least, the acai bowls are a delightful treat, bursting with antioxidants and served chilled. Starting at $10, these bowls are topped with a variety of fresh fruits, granola, and other superfoods, offering a balanced meal that’s both delicious and visually appealing. The acai bowls are a favorite among customers looking for a nutrient-dense meal that satisfies the sweet tooth without the guilt.

In summary, FreshSip Juicery caters to a diverse clientele with its wide range of products, prioritizing freshness, quality, and nutritional value. Whether it’s a juice to kickstart the day, a smoothie for a nourishing snack, or an acai bowl for a fulfilling meal, there’s something for everyone at this inviting juicery.

Promotions Plan

FreshSip Juicery leverages a comprehensive promotional strategy to attract a broad customer base, focusing on the vibrant and health-conscious community in Sacramento, CA. At the heart of its approach lies a robust online marketing campaign, utilizing social media platforms, email marketing, and a user-friendly website to engage potential customers. The Juicery will harness the power of Instagram, Facebook, and Twitter to showcase its delicious, visually appealing juice offerings, share customer testimonials, and post engaging content that highlights the benefits of a healthy lifestyle. Additionally, an email marketing strategy will keep subscribers informed about new flavors, special promotions, and events, encouraging repeat visits and fostering a loyal customer base.

Beyond online marketing, FreshSip Juicery will implement local outreach efforts to integrate itself into the Sacramento community. The Juicery will partner with local gyms, yoga studios, and wellness centers to offer exclusive discounts to their members, creating a mutually beneficial relationship that boosts visibility and attracts health-conscious individuals. Participating in local farmers’ markets and community events will also serve as a prime opportunity to introduce FreshSip Juicery to potential customers, offering free samples and promotional materials to entice trial and build brand awareness.

In-store promotions will play a critical role in drawing customers into the Juice Bar. FreshSip Juicery will offer opening week discounts, loyalty programs, and seasonal specials to incentivize visits. The interior design of the Juice Bar, emphasizing a comfortable and inviting atmosphere, will encourage customers to spend time in the store, increasing the likelihood of impulse purchases. Additionally, collaboration with local artists and musicians for in-store events will create a unique, community-focused experience that distinguishes FreshSip Juicery from competitors.

To maximize reach and impact, FreshSip Juicery will also invest in targeted online advertising. Utilizing search engine optimization (SEO) techniques will ensure that the Juicery appears prominently in search results for juice bars and healthy eating options in Sacramento. Pay-per-click (PPC) advertising on Google and social media platforms will target specific demographics within the local area, driving traffic to the website and physical store.

Finally, FreshSip Juicery recognizes the importance of customer feedback and will actively encourage reviews on platforms such as Yelp and Google. Positive reviews will be leveraged in promotional materials, and any constructive criticism will be addressed promptly to continually improve the customer experience. By implementing these diverse promotional methods, FreshSip Juicery expects to establish a strong presence in Sacramento, attracting a wide range of customers eager to embrace a healthier lifestyle through delicious, high-quality juices.

Our Operations Plan details:

  • The key day-to-day processes that our business performs to serve our customers
  • The key business milestones that our company expects to accomplish as we grow

Key Operational Processes

To ensure the success of FreshSip Juicery, there are several key day-to-day operational processes that we will perform.

  • Procure fresh fruits and vegetables from local suppliers to ensure the freshness and quality of ingredients, which can differentiate FreshSip Juicery from competitors.
  • Perform daily inventory checks to maintain optimal stock levels, minimizing waste while ensuring that we can meet the demand for our most popular juice blends.
  • Implement strict cleanliness and sanitation protocols to maintain a hygienic environment for both employees and customers, adhering to local health and safety regulations.
  • Prepare a variety of pre-planned juice recipes, including options for customization, to cater to a wide array of customer preferences and dietary restrictions.
  • Train staff regularly on customer service excellence, efficient juice preparation techniques, and knowledge about the nutritional benefits of different fruits and vegetables to enhance the customer experience.
  • Use energy-efficient and high-quality juicing equipment to maximize juice yield, reduce operational costs, and support sustainability efforts.
  • Engage customers through social media platforms and a loyalty program, offering promotions, health tips, and information about new products to increase customer retention and attract new patrons.
  • Analyze sales data and customer feedback regularly to refine menu offerings, pricing strategies, and operational processes, ensuring the business adapts to changing market demands and customer preferences.
  • Manage finances diligently, including the monitoring of expenses, revenues, and cash flow, to ensure the profitability and financial health of FreshSip Juicery.
  • Collaborate with local health and fitness centers, schools, and businesses to sponsor events or offer discounts, expanding our market reach and building community ties.

FreshSip Juicery expects to complete the following milestones in the coming months in order to ensure its success:

  • Secure the Ideal Location : Identify and lease a prime location in Sacramento, CA, that is accessible and visible to our target market. This location should also comply with local zoning laws for food and beverage establishments.
  • Obtain Necessary Permits and Licenses : Successfully navigate the regulatory environment to obtain all necessary permits and licenses required to operate a juice bar in Sacramento. This includes health department permits, business licenses, and any other local compliance requirements.
  • Build Out and Equip the Juice Bar : Complete the construction or remodeling of the leased space to fit the FreshSip Juicery concept, including purchasing and installing all necessary equipment for juice production and sales operations.
  • Hire and Train Staff : Recruit, hire, and train a team of enthusiastic and knowledgeable staff members who are committed to providing excellent customer service and can effectively communicate the health benefits of our juice products.
  • Launch Our Juice Bar : Officially open FreshSip Juicery to the public with a well-publicized grand opening event that generates buzz in the community and attracts initial customers to the store.
  • Implement a Marketing and Brand Awareness Campaign : Roll out a strategic marketing campaign that utilizes social media, local influencers, and community events to build brand awareness and drive traffic to the juice bar.
  • Establish a Loyal Customer Base : Develop a loyalty program and engage with customers through feedback and personalized experiences to cultivate a loyal customer base that frequents the juice bar.
  • Optimize Operational Efficiency : Continuously monitor and adjust operations to improve efficiency, reduce waste, and ensure the highest quality of products are being served at the best possible price point.
  • Get to $15,000/Month in Revenue : Achieve the financial milestone of generating $15,000 in monthly revenue, which indicates a growing and sustainable business.
  • Evaluate Expansion Opportunities : After stabilizing the business and achieving consistent revenue growth, assess the feasibility of expanding FreshSip Juicery through additional locations in Sacramento or neighboring areas to increase market share.

Our management team has the experience and expertise to successfully execute on our business plan.

Jayden Phillips, CEO

Jayden Phillips brings a wealth of experience to FreshSip Juicery, primarily through his successful tenure as the owner and operator of a juice bar. His entrepreneurial journey in the health and wellness sector has equipped him with an in-depth understanding of the market dynamics, customer preferences, and operational efficiencies critical for a beverage business. Jayden’s hands-on experience in managing day-to-day operations, coupled with his strategic vision for growth, positions him well to lead FreshSip Juicery towards achieving its mission. His leadership style, characterized by a focus on quality, innovation, and customer satisfaction, is expected to drive the company’s success in the competitive juicery space.

To achieve our growth goals, FreshSip Juicery requires funding to expand our menu offerings, enhance our marketing efforts, and improve our juicery’s infrastructure. This investment will support our objective to become the leading juicery in our area, offering a diverse range of healthy and delicious products to our growing customer base.

Financial Statements

Balance sheet.

[insert balance sheet]

Income Statement

[insert income statement]

Cash Flow Statement

[insert cash flow statement]

Juice Bar Business Plan Example PDF

Download our Juice Bar Business Plan PDF here. This is a free juice bar business plan example to help you get started on your own juice bar plan.  

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Status.net

21 Examples of Strong and Smart Resume Objectives

By Status.net Editorial Team on February 25, 2024 — 8 minutes to read

A strong and smart objective statement on your resume is a brief and concise summary of your professional goals. It’s important to create one because it’s the first impression a potential employer will have of you. A good objective statement can immediately catch their attention and encourage them to read the rest of your resume. Here are some examples and tips on how to create one.

First, let’s dive into understanding what a strong and smart objective statement means. It should be tailored to the specific job you are applying for and showcase your relevant skills and experiences. The aim is to clearly communicate your value and how you can contribute to the company’s success. For example:

To obtain a marketing manager position with (…) company, where I can apply my five years of experience in content creation, social media management, and data-driven campaigns to drive brand awareness and increase sales.

Next, let’s focus on the essential components of a strong objective statement. Use these elements to craft your own:

  • Targeted Position : Mention the job title or role you are applying for. This demonstrates that you have a clear goal in mind.
  • Relevant Skills : Highlight your skills and experiences that directly relate to the job requirements.
  • Value Addition : Explain how you can contribute to the company’s growth or success.

Now let’s examine the importance of keeping your objective statement concise. Long paragraphs or unrelated information can quickly lose the employer’s interest. Aim to keep your statement to one or two sentences, like this:

Seeking a web developer role with (…) company to utilize my expertise in HTML, CSS, and JavaScript for creating responsive and user-friendly websites.

Crafting a Compelling Objective Statement

Identifying your goals.

When crafting a compelling objective statement for your resume, it’s important to first identify your goals. Consider what you want to accomplish in your career and how this job can help you get there. By defining your goals, you’ll have a clear direction when tailoring your objective statement. For example, if your goal is to work in marketing, you can write:

“Creative and results-driven marketing professional seeking a position that will utilize strong communication skills and strategic thinking to drive growth and positively impact the company’s bottom line.”

Tailoring to the Job Description

Next, it’s essential to tailor your objective statement to the job description. Carefully read the job posting and note the most important requirements and qualifications. Then, craft a statement highlighting how you meet those needs. By tailoring your objective statement, you demonstrate that you’re a strong fit for the position, and the employer will be more likely to consider your application. Here’s an example for a customer service role:

“Customer-focused professional with a proven track record in providing exceptional service, seeking an opportunity to leverage strong problem-solving and communication skills to enhance the customer experience and contribute to company success.”

Incorporating Keywords

Lastly, incorporating keywords from the job description in your objective statement is a great way to catch the attention of hiring managers and applicant tracking systems (ATS). Many companies use ATS to sort through resumes before a human even sees them, so including relevant keywords can help ensure your resume stands out. Compare the job description to your resume, and adjust your objective statement accordingly. For instance, if the job posting highlights “strong analytical skills,” you can write:

“Dedicated and highly organized professional with strong analytical skills, seeking a role that allows for collaboration and growth, while utilizing my expertise in data-driven decision-making to contribute to the company’s success.”

Examples of Effective Objective Statements

For recent graduates.

For recent graduates, it’s important to showcase your educational background and relevant skills to potential employers. Here are some examples:

  • Eager marketing graduate with a strong foundation in data analytics and social media management seeking an entry-level position to apply skills and grow professionally in an innovative company.
  • Dedicated computer science graduate with a passion for machine learning looking to apply programming and problem-solving skills in a challenging software development role.
  • Business administration graduate with excellent organizational and communication skills, ready to contribute to team success in an entry-level human resources position.

For Career Changers

If you’re changing careers, emphasize transferable skills and your motivation for joining the new industry. Take a look at these examples:

  • Detail-oriented accountant transitioning to a project management role, aiming to apply financial analysis, budgeting, and reporting expertise to improve internal processes and contribute to company growth.
  • Experienced office manager looking to enter the marketing field, utilizing exceptional organizational and interpersonal skills to expand brand messaging and improve client relationships.

For Seasoned Professionals

As a seasoned professional, focus on highlighting your experience, accomplishments, and capabilities in the given field. Here are some examples:

  • Results-driven sales professional with 10+ years of experience growing revenue and market share, seeking a managerial role to lead a high-performing sales team and expand the company’s customer base.
  • Passionate software engineer with a track record of leading successful cross-functional teams, aiming to apply technical expertise and creative problem-solving skills in a senior development position.
  • Certified public relations strategist with a history of executing successful campaigns, desiring to take on a leadership role to enhance brand identity and forge long-lasting relationships with key audiences.

The Do’s and Don’ts of Resume Objectives

When crafting your resume objective, it’s important to find the right balance between conveying your professional goals and showing the value you can bring to a company. Here are some do’s and don’ts to keep in mind when creating a strong and smart resume objective statement.

  • Be specific: Tailor your resume objective to the job you’re applying for. Instead of using a general statement, focus on the company and position you’re interested in. For example, “Seeking a graphic designer position at XYZ Company to apply my strong design skills and creativity.”
  • Show your value: Your resume objective should indicate how you can benefit the employer, not just what you want in a job. Use this opportunity to highlight your skills and experiences that make you an ideal candidate because it demonstrates your ability to contribute to the company’s success.
  • Keep it concise: Brevity is key when writing a resume objective. Aim for two to three sentences, making sure to include your job title, relevant skills, and specific goals. This will keep your resume easy to read and understand.
  • Use strong language: Optimize your resume objective with action verbs like “seeking,” “desire,” and “optimize” to show that you are proactive and results-driven, making your application more appealing to hiring managers.

Don’t:

  • Be too vague: Avoid using generic and cliché phrases like “looking for a challenging opportunity” or “to gain experience in a fast-paced environment.” Instead, stay focused on the specific role and company.
  • Make it all about yourself: While it’s important to express your career aspirations, employers want to see what value you can bring to their organization. Ensure that your resume objective balances your personal goals with how your skills and experiences can benefit the company.
  • Exaggerate or falsify: Always be honest about your skills, experiences, and abilities. Embellishing your resume objective can come back to haunt you during interviews and referencing checks.

Frequently Asked Questions

How can i craft an effective resume objective as a fresher.

As a fresher, your resume objective should focus on your educational background, relevant coursework, and transferable skills. You can mention any internships, volunteer experience, or extracurricular activities that demonstrate your skills and passion for the job. For example, a student applying for an entry-level marketing position might write:

“Recent Marketing graduate with a strong academic record and experience in digital marketing, seeking an entry-level position to refine my skills and contribute to the success of a dynamic marketing team.”

What are some compelling career objective examples for experienced professionals?

For experienced professionals, your resume objective should emphasize your proven track record, expertise, and the value you can bring to the organization. Here are some examples:

  • “Results-driven project manager with over 8 years of experience in the IT industry, seeking a leadership role to leverage my expertise in managing cross-functional teams and ensuring successful project delivery.”
  • “Creative graphic designer with a strong portfolio and 5 years of experience, looking to expand my skills in a fast-paced agency environment to drive innovative design solutions for clients.”

Can you suggest some beginner-friendly resume objective examples?

Beginner-friendly resume objectives should highlight your relevant skills, achievements, and areas of interest. Some examples include:

  • “Enthusiastic customer service professional with excellent communication skills and a strong track record of delivering outstanding customer experiences, seeking an opportunity to contribute to a dynamic customer support team.”
  • “Dedicated sales specialist seeking an entry-level position to leverage my strong negotiation and networking abilities, along with a passion for helping clients find the perfect solution to meet their needs.”

How should an employee articulate their objectives within a resume?

When articulating your objectives within a resume, ensure that your statement is clear, concise, and tailored to the specific job you’re applying for. Focus on showcasing your skills, qualifications, and the value you can provide to the employer. Consider what unique traits or offerings you bring to the table and make sure they align with the job description.

Could you provide examples of strong resume objective statements for various job types?

For example:

  • Administrative Assistant: “Organized and detail-oriented administrative professional with 4 years of experience, seeking a position to utilize my strong organizational skills, time management, and problem-solving abilities in a dynamic office environment.”
  • Software Engineer: “Experienced software engineer with 6 years of experience in Java and Python development, seeking a challenging role to develop innovative solutions, improve the user experience, and contribute to the growth of a forward-thinking organization.”
  • Human Resources: “Accomplished human resources professional with over 5 years of experience in employee relations, performance management, and recruitment, seeking an opportunity to develop and implement effective HR strategies to support workforce growth and organizational success.”

What are key elements of a smart objective statement on a resume?

A smart objective statement on a resume should include the following key elements:

  • Be specific: Tailor your objective to the exact job title and requirements.
  • Focus on your skills and qualifications: Highlight what makes you a strong candidate for the job.
  • Be concise: Keep your objective statement to one or two sentences.
  • Show enthusiasm: Express your genuine interest in the position and the company.
  • Indicate the value you will bring: Illustrate how your skills and experience will benefit the organization.
  • 3 Smart Examples: Choosing a Resume File Name
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  • Template and 2 Examples of a Simple Resume

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  1. 56 Strategic Objective Examples For Your Company To Copy

    sample objective statement for business plan

  2. Set Goals and Objectives in Your Business Plan

    sample objective statement for business plan

  3. Business Objective in Business Plan

    sample objective statement for business plan

  4. FREE 38+ Samples of Statement Templates in PDF

    sample objective statement for business plan

  5. 🎉 Important objective of a business plan. 10 Most Important Business

    sample objective statement for business plan

  6. 🎉 Important objective of a business plan. 10 Most Important Business

    sample objective statement for business plan

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  4. BUSINESS PLAN PRESENTATION //Business plan presentation discussion //How to make business plan

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  6. financial statement(business plan)

COMMENTS

  1. 60 Examples of Business Objectives

    Economic Business Objective: Also called financial objectives, economic objectives relate to the financial health and growth of the company. These objectives can involve profits, revenue, costs, cash flow, sustainable growth, debt management, and investments. Example: Reduce spending on paid advertisements by 20 percent.

  2. Business objectives: 5 examples [+ template]

    There are four basic components every business objective should have: A growth-oriented intention (improve efficiency) One or more actions (implement monthly training sessions) A measurement for success (20% increase) A timeline to reach success (by end of year) Example objective #1: Percentage change.

  3. Goals and Objectives for Business Plan with Examples

    Social objectives. For example, a sample of business goals and objectives for a business plan for a bakery could be: To increase its annual revenue by 20% in the next year. To reduce its production costs by 10% in the next six months. To launch a new product line of gluten-free cakes in the next quarter.

  4. How To Write Business Objectives (With Examples)

    Related: 26 of the Best Survey Software. 3. Organize. Noticing patterns in the information you brainstorm and gather from employees can help you write meaningful business objectives. For example, if many of your ideas relate to revenue, it might reveal that you prioritize profits.

  5. 22 types of business objectives to measure success

    8. Critical success factors: Clarify the high-level goals you need to achieve in order to achieve your strategic goals. 9. Strategic management: Execute against your strategic plan in order to achieve your company goals. 10. Business goals: Set predetermined targets to achieve in a set period of time. 11.

  6. 56 Strategic Objective Examples For Your Company To Copy

    These motivations should drive the financial objectives you choose. Using a Strategic Plan Dashboard gives organizations the ability to visualize their progress towards important goals. Customer Objectives. When looking at examples of a business's customer objectives, you'll see they are typically written like customer goals.

  7. 6 examples of objectives for a small business plan

    Aside from financial objectives, another example of objectives for a business plan is sustaining productivity. When you run a business, it can be overwhelming and challenging to stay on top of all the tasks you have to get done. But, if you aim to remain productive and create a clear plan as to how, you can better manage your to-do list.

  8. How to Write Objectives for Your Business Plan

    Business objective examples. Now you have a basic understanding of how to set business objectives for your business plan. Here are four examples of business objectives in different categories. Example #1: Customer service business objective. Our business will reduce customer complaints by 25% this year.

  9. Business Plan: What it Is, How to Write One

    Learn about the best business plan software. 1. Write an executive summary. This is your elevator pitch. It should include a mission statement, a brief description of the products or services your ...

  10. How to Write a Great Business Plan: Overview and Objectives

    Focus on the basics first: Identify your industry: Retail, wholesale, service, manufacturing, etc. Clearly define your type of business. Identify your customer. You cannot market and sell to ...

  11. Write your business plan

    Executive summary. Briefly tell your reader what your company is and why it will be successful. Include your mission statement, your product or service, and basic information about your company's leadership team, employees, and location. You should also include financial information and high-level growth plans if you plan to ask for financing.

  12. Examples of Strategic Objectives

    Having an SO in each of the Balanced Scorecard perspectives ensures your plan is focusing on the core aspects of your business (people, process, customers and financial). Answer These Questions to Create Intent for Your Strategic Objectives. One of the things we like to complete as we build our new strategic objectives is a statement of intent.

  13. 13 Best Business Objectives To Consider (Plus Tips)

    To improve brand and reputation. To grow production size to meet demand. 4. Social objectives. Social business objectives are created to help or give back to society in some way. Businesses often set social goals: To ensure better quality products for customers.

  14. How To Write A Great Objective For A Strategic Plan?

    Prior to writing the objective statement, first conduct an analysis of the purpose of the business and the situation it is in. The situational analysis should look into the internal and external environment of the business to identify strengths, weaknesses, opportunities and threats. This provides the strategic context for the strategic plan.

  15. Business Plan Basics: Objectives, Mission Statements

    Your business's mission statement is more permanent than an objective in a business plan. It must be applied consistently over time. The mission statement serves as a reminder—to you, your employees, and your customers—of the main purpose of your business. To avoid vague, fuzzy mission statements, review your statement for useless comparisons.

  16. Business Plan Executive Summary Example & Template

    A business plan is a document that you create that outlines your company's objectives and how you plan to meet those objectives. Every business plan has key sections such as management and ...

  17. How to write SMART goals (with examples)

    This approach eliminates generalities and guesswork, sets a clear timeline, and makes it easier to track progress and identify missed milestones. An example of a SMART-goal statement might look like this: Our goal is to [quantifiable objective] by [timeframe or deadline]. [Key players or teams] will accomplish this goal by [what steps you'll ...

  18. 24 of My Favorite Sample Business Plans & Examples For Your Inspiration

    8. Panda Doc's Free Business Plan Template. PandaDoc's free business plan template is one of the more detailed and fleshed-out sample business plans on this list. It describes what you should include in each section, so you don't have to come up with everything from scratch.

  19. How to Write S.M.A.R.T. Project Objectives Smartsheet

    A project objective states the desired results of a project at its outset, including goals and deliverables. An objective should be specific and measurable, and identify any time, budget, and quality constraints. Objectives can be used in project planning for business, government, nonprofit organizations, and even for personal use (for example, in resumes to describe the exact position a job ...

  20. The 28 Best Mission Statement Examples (+Templates to Write Yours)

    A good business mission statement can help your company build trust with customers and create a connection with your target audience. " Build the best product cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis.". 4. Full Cast Audio—compete with the big brands.

  21. How to write an effective project objective, with examples

    But once your project objectives are written, you'll likely share them with stakeholders by way of the project plan. Example of a project objective: Increase click through rate (CTR) engagement on email by 10% by the end of Q3. Example of a project plan: See an example plan in our guide to project planning.

  22. 6 Best Mission Statement Examples for Your Business Plan

    Example 1: A Mission Statement by Hubspot. There's this notion that to grow a business, you have to be ruthless. But we know there's a better way to grow. One where what's good for the bottom line is also good for customers. We believe businesses can grow with a conscience, and succeed with a soul — and that they can do it with inbound.

  23. 15 Mission Statement Examples For Your Business

    Examples of Mission Statements. 1. REI. "To inspire, educate and outfit for a lifetime of outdoor adventure and stewardship.". Recreational Equipment Incorporated (REI) is known for not only ...

  24. Sample Hotel Business Plan

    Download our Ultimate Hotel Business Plan Template. Having a thorough business plan in place is critical for any successful hotel venture. It will serve as the foundation for your operations, setting out the goals and objectives that will help guide your decisions and actions. A well-written business plan can give you clarity on realistic ...

  25. Sample Juice Bar Business Plan

    A well-written business plan can give you clarity on realistic financial projections and help you secure financing from lenders or investors. A juice bar business plan example can be a great resource to draw upon when creating your own plan, making sure that all the key components are included in your document. The juice bar business plan ...

  26. 21 Examples of Strong and Smart Resume Objectives

    Examples of Effective Objective Statements For Recent Graduates. For recent graduates, it's important to showcase your educational background and relevant skills to potential employers. ... Business administration graduate with excellent organizational and communication skills, ready to contribute to team success in an entry-level human ...