What is a 5 year plan and how do you start one?

As an 8-year-old business we know what it is to set long-term goals and how to achieve them. However, looking so far into the future can feel overwhelming or almost impossible. That’s why we recommend implementing a 5-year business plan in order to reach your dreams!

A 5-year plan typically involves setting specific goals and outlining the steps needed to achieve those goals over the next five years. It can include personal, professional, financial, and educational objectives. We’ve put together what we think are some key components of a 5-year plan:

1. Goal Setting - Identify what you want to achieve in the next five years. These goals should be Specific, Measurable, Achievable, Relevant, and Time-bound (SMART goals).

2. Action Steps - Break down each goal into smaller tasks or milestones. Determine what actions you need to take to progress towards your goals.

3. Timeline - Create a timeline or schedule for when you plan to complete each action step. This will help you stay on track and monitor your progress.

4. Resources - Identify the resources, skills, and support you need to reach your goals. This could include financial resources, educational opportunities, networking, or mentorship.

5. Review and Adjust - Regularly review your 5-year plan to track your progress. Be open to adjusting your plan as needed based on changes in your circumstances or priorities.

By creating a 5-year plan, you can have a clear roadmap for your future and work towards achieving your long-term objectives!

If you need help in developing a 5-year plan or have specific goals in mind that you don’t know how to achieve, why not book a FREE consultation call with us today? We’ll discuss how we can help you develop your plan to reach your dreams and assist you in tasks so that you can achieve them!