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Creating a business plan
Creating a business plan using a balanced scorecard
A balanced scorecard is one way to do a simple, shareable business plan.
Financial objectives cover things like the trust's budget, cashflow, investments and/or funding opportunities.
Your trust may not have a commercial vision, but will need pūtea to sustain the aspirations of whānau and owners.
This section needs to include your expenditure and income and could include targets for things like:
- lease income
- funding application approvals
- expenses, for example upcoming hui or rates and insurances
- revenue and profit
- return on investments
- distributions or grants to owners or whānau.
Financial objectives should align with targets and policies defined in an Investment Policy Statement (IPS) — if your trust has one. It is a good idea for your trust to have one, to provide a transparent guide for trustees to use when making decision about the pūtea related to the trust.
Developing an Investment Policy Statement
Examples of supporting resources
- Investment Policy Statement
- Budget
- Funding applications.