Kaitiakitanga
Developing a business plan
Develop a plan around who will do what to achieve the strategic outcomes for the whenua, and how you will measure success.
![Man's hand reaching out to pots of seedlings.](/media/memnia1c/what-is-a-business-plan.jpg?width=410&height=245&quality=80&mode=crop¢er=0.5,0.5)
What is a business plan?
A business plan outlines what needs to happen in the short term to help achieve your long term goals for the whenua.
![Three men looking at a quad bike together.](/media/5vafmnw0/create-business-plan-balanced-scorecard.jpg?width=410&height=245&quality=80&mode=crop¢er=0.5,0.5)
Creating a business plan
A balanced scorecard is one way to do a simple, shareable business plan.
![Man getting cows ready for milking.](/media/1ropbhfa/assign-roles-and-tasks.jpg?width=410&height=245&quality=80&mode=crop¢er=0.5,0.5)
Assigning roles and tasks
Trusts and Māori incorporations can assign roles or tasks to trustees, owners or other stakeholders or hire employees to do the management work.
![A woman standing among plants at an orchard.](/media/35ajdw3q/monitoring-measuring-success.jpg?width=410&height=245&quality=80&mode=crop¢er=0.5,0.5)
Monitoring and measuring success
Work out how to measure the success of your mahi, then monitor it to make sure it's on track to meet your goals.
![A view of land across water.](/media/41nfg0y2/developing-ips.jpg?width=410&height=245&quality=80&mode=crop¢er=0.5,0.5)
Developing an Investment Policy Statement
If there's money coming into your trust, you should define how it will be used, shared or invested.