As part of FoundrySLC I’ve been making weekly progress reports on a business I’m starting called Crossies. It’s been so helpful to Crossies, that I’ve decided to use the same methods for ProVolt.
The first part of the Foundry system is the creation of a MOKR (Mission, Objectives, Key Results). Google ventures has a good video about how they use OKRs to keep track of what’s going on in different departments, and to help communicate their goals and focus.
The second part is the creation of weekly Management Reports that detail what has been done, and what the plans going into the next week are. We share these with the group Friday evenings so that everyone can get up to speed, comment, and give advice on Saturday and Sunday.
The third part is a Monday Morning Meeting meeting with the other companies to help each other brainstorm their progress, and overcome obstacles that couldn’t be resolved online. I’d like to see our member meetings be helpful like this.
The fourth part is a monthly Project Review for each business to really bring collective knowledge to bear on the business and give good insights into things that may have been overlooked, or need more work. The idea is to rip the business apart, and find it’s weaknesses so these issues can be addressed to make the business stronger.
The Foundry also has a weekly get together with a special speaker or just to socialize and keep in touch once a week.
I hope these documents are interesting, and help you to understand what is going on here at ProVolt!