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.
