Before understanding why using an OKR software for startups is vital, we should very briefly talk about what is OKR and OKR goal-setting methodology.
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What is OKR, and why is everyone so obsessed with them?
OKRs (Objectives and Key Results) are the goal-setting system used by large organizations. “O” stands for Objectives and is an important and ambitious goal that should drive you and your team. The objective inspires your team and pushes them in the right direction, the leading company goals.
“KR” is Key Result that ground the goal. They help you track your process in achieving the goal and have a better grasp of your performance management. The team can choose one or several vital results to follow the objective.
Again, it’s essential not to select more than five metrics; 2-3 key results work best. But, again, less is better – it helps stay focused on your primary business strategy – even for the early-stage startups. To learn more about how many OKRs you should set, please have a look at this article How many OKRs should I set for my team?
However, one should keep in mind that OKR is not a magic pill that will do all the work for you. Instead, it is a constant finding the right balance between being ambitious and realistic in setting goals and OKRs.
Why should start-ups use OKRs for growth?
Using OKRs in startups means pooling resources and enabling clear and transparent communication. It lets the teams focus on your main company goals for the upcoming months and let teams have goal alignment throughout the process. And this, on the contrary, also forms an understanding of what is not progressing or what has not yet been done.
OKRs are prominently used in start-ups, this is given. We also observe enterprises adopt the OKR methodology as we progress technologically. Best OKR software for start-up, as a practice, keeps this process management dynamic, uplifting, and streamlined for all stakeholders involved. So. What is OKR software? We’re glad you asked!
Why should you use an integrated OKR tracking tool?
An average startup uses 32 different software solutions – which means 32 different username/passwords, 32 different login pages, 32 different vendors to manage, etc. We are quite sure that you don’t your OKR tracking tool to be the 33rd solution in your company. The best OKR software is the software that is being actually used by the employees of your company.
If you want to make sure that your company OKR’s are being tracked efficiently, and your objective and key results are updated frequently, you should better look for a solution that is already integrated into the existing platforms that your employees use every single day such as Microsoft Teams, Slack, or G-Suite.
If your company uses Microsoft Teams, it means that your employees spend a significant amount of time using Microsoft Teams for collaboration, and finding an OKR software for Microsoft Teams can increase the use of your OKR tool significantly.
Top 6 OKR Software for Startups
Teamflect is one of the pioneering free OKR management software in the start-up market in terms of its seamless integration into Microsoft Teams and other Microsoft products. Since Teamflect is an add-on to Microsoft Teams, it helps employees save a serious amount of time.
To list some features of Teamflect;
- Setting and assigning OKRs to your team members
- Connecting goals and OKRs.
- Seeing OKR progress in a feed view
- Weekly OKR check-ins
- Different OKR measurement types (0/1, percentage, value, sub-goal progress, etc)
- Adding goal / OKR progress into annual or quarterly performance reviews
- Giving your colleagues constructive feedback on their work while tracking OKRs
- Keeping them motivated with the recognition tool once OKRs are achieved
We wanted to list our software in the best OKR software for start-ups list because we have been witnessing thousands of startups changing their goal tracking method effectively using our software. Especially if you want to use Microsoft Teams for OKR related purposes, you should definitely take a look at Teamflect.