🥇Best Practices
Find some tips & tricks in terms of how to best use the Drivepoint Plans page.
Tip #1: Visualize your plans
Select all of the plans you want to compare via the check box on the left of the plan name
Click on "Visualize" on the top right
Add core metrics to the board -> we suggest comparing plans based on your business goals: Net Income Margin and Contribution Margin are popular metrics.
Change the time frame on the top left to assess impact over time (for example how your cash flow looks like 3 years out with a cash investment today)
Change the metrics on the individual boards by clicking the individual ✏️ icon.
Tip #2: Customize your main Plans table
Click on "Columns" on the top right.
Add all of the metrics that might be useful for your business AND any collaboration metrics, e.g. "Last Modified" to see which colleague last worked on which plan.
Click save.
Change the time frame of the table on the top left to quickly see how your plans differ on core metrics between different time frames.
Tip #3: Name your Plans correctly
For your live model, we recommend to follow the following naming convention:
Drivepoint SmartModel™ - COMPANY NAME - Live Model
For all other plans we recommend being precise with the naming in order to distinguish them easily. Here are some examples for rolling forecasts:
Rolling Forecast 10162024
For the copy created on 10/16 during the September roll forward motion
Drivepoint SmartModel™ - COMPANY NAME - BK10202024
For a backup saved or exported and sent to investors
Tip #4: Create relevant folders
Drivepoint provides a personalized folder structure for all of your plans based on your business. Typically, we set people up with “Budget” and “Scenarios”.
Depending on the time or the use case of your company, we also add “2025 Planning” or “Rolling Forecasts”. We recommend creating folders based on business scenarios or themes. Examples include: “Wholesale Expansion” or “Subscription Launch” or “Whole Foods”.
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