Why Create a 5 Year Plan

Where do you want to be in 5 years?  A very ambiguous question that everyone kinda strategyknows, but not many people really know.  Most people respond with something like, “I don’t know, it would be nice if…”

Some people simply have no idea where they want to be while some ahead of the game might know exactly where they want to be.  Then when asked how they’re going to get there, their answer becomes fuzzy.  The question is probably answered with a surprised look and a confuzed, half planned response.

By creating your 5 year plan you’ll know exactly where you want to be and you’ll be able to figure out how to get there.

 

Creating a plan is the first step to being productive towards your goal.  Before, you might have been taking steps towards your goal but they were likely misguided.  For example, you want to make $130,000 in the finance sector out of college.  So you take a job your freshman year… it’s making you money and provides experience you can put on your resume so why not!?  With your plan in place you’ll be able to figure out if it’s a good step towards your goal or just a step.  So instead of taking the first job you get, you might look for a job in finance or at least business end of a company instead of being on the service end.have a plan

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