Objectives and Key Results are a great method to enhance ones company’s performance and also improve the work performance of employees. The simplicity of this method makes it ideal to use OKR for startups. As startups are usually comprised of small teams with flat hierarchies it is very simple to implement OKR. Objectives and Key Results offer a great value to young companies as the OKR method allows startups to simply implement it and organize its work and tasks around this method.
Startups around the world tend to face the same challenge at the beginning which comes from its flat hierarchies and low amount of team members. Startups struggle identify and split tasks properly, so that everyone is following a clear structure. In startups usually everyone is doing everything and goals and targets are quickly overthrown and replaced by others on a daily basis. Of course this dynamic definitely has its advantages as well, but it is very easy to lose focus and track of performance.

Why Startups should use OKR

Startups that use OKR have a major advantage of sorting and structuring their working progress and performance. Especially in the early startup phase most people sit together and if it is an online startup start coding like no tomorrow, or trying to sell their product. But again in most young companies this happens without a clear structure or just a roughly sketched plan. So what is the advantage of using OKR?
As a startup it is very important to have defined goals and especially close term targets to be able to walk a certain path and achieve necessary milestones. If startups fail to have a clear work separation, clear tasks and especially long and short term targets then those companies are probably not meant to last long. To set those targets and to measure and track performance along the way OKR is probably the best used method.

How to implement OKR for startups

After you have decided that you want to implement OKR in your startup its success all depends on how you are going to implement it. First of all you need to be prepared for using OKR, the best way to see if you are familiar enough with OKR to explain it to others is, when you are setting a test period of two months for yourself, just to implement OKR in your personal work stream. After you have successfully implemented OKR personally and you like working with it, it is time to explain to your team why you want to use OKR and how you are going to implement it. Read further ‘4 steps to implement OKR with your team’.

Using OKR on a daily basis

When you reached the stage of actually using OKR on a daily working basis it is a great way to see your companies progress, each team member will be more inspired in working as before as everyone is setting their own OKR, hence seeing how their abilities are used in the best interest. Also very important now you have the ability to see all the time and directly with what parts your team is struggling and on what you need to put more emphasis. OKR allows startups to be quicker with improvements and be faster to adapt different strategies as long meetings become unnecessary and the whole company becomes very transparent. It is your responsibility to make sure that you and your team keep using OKR correctly. If you start to slack off using it you will be rather disappointed and your work performance will drop significantly.

Include everyone

To make OKR work in your team it is very important to include everyone in the process of implementation. Also when using it on a regular basis it is your responsibility to make sure everyone stays included, because OKR only works if everyone is included from the top to the bottom and from the start to the end. Read further on how to successfully set OKR.

As you can see OKR for startups is a powerful method. Keeping track of progress, setting targets, motivating people and being successful. All that can be achieved by implementing OKR in your startup.

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