I love OKR’s as a concept. And God knows I have been trying time and time again to make them and associated tracking apps and services work for me and my team.
But alas; I have failed every single time.
It is not that setting up OKRs is super hard; everybody can define and objective and a set of results to get to the objective. But sticking with it and having the discipline to work with it? That’s a whole different ball game.
For a startup context I think one of the reasons for this is that startup life is inherently messy; while you may have objectives, goals and other variations of KPIs (you should always have some of these) the journey towards them are never linear.
In practical terms what this means is that while you were addament you had it right, when you set your goals, they rarely survive when you fast forward to a future date. In fact, everything at this point in time might look substantially different.
I am fully aware that with OKR it is entirely possible to define your time periods, number of OKRs etc entirely as you wish. But if you’re changing them every other day what’s the point of having them to track against in the first place?
What I have found to work better is to have some pretty non-negotiable KPIs that are pretty specific but at the same time broad to enable all sorts of paths and journeys leading up to them.
1-2 on a six months basis is enough, I would argue. Especially at a super early stage, where having too many objectives will most likely only result in a lack of focus.
Agree on those and agree on providing a weekly or bi-weekly short status mail where you mention the points, the most important developments since last time, your confidence and actions until next update, and you’re set.
Forget everything else.