Writing a business plan is not an easy endeavor, nor is predicting the future. You will need to spent adequate time in preparing your long-term goals and objectives. This will help you understand what you are doing and where you wish to be. Martin Luther King in is most famous speech said; "I have a dream" which is noble indeed, but had he had a "Strategic Plan" with quarterly objectives he may have seen that dream come true in his lifetime.
In preparing your Long Term Goals and Objectives for your business plan you will need to communicate this to the investor, banker or your partners. It also helps you stay on course and keep your plan strategic rather than merely a dream. Below I have provided you with a sample "long term goal" section for a business plan so you can see how best to do this. This sample was written from the perspective of a franchisee of a mobile car wash business, a very simple business indeed, yet it will help you sort thru all your own objectives to determine what is best for the future or your next entrepreneurial endeavor. Please feel free to print this and make notes in the margin and then prepare some paragraphs for your own business. This will help you verbalize your plan when talking to investors and assist you in writing your business plan. Think on this.
- - - - - - - - - - - - - - - - - - - - - -
Long Term Goals
Our long-term goal is to expand our service achieving a 10% market penetration and operate ten mobile car wash trucks in our exclusive territory.
We also plan to renew our Franchise Agreement for two terms. At the end of five years we plan to operate these trucks without physically doing the labor. We will occasionally wash cars, attend community events and fundraisers. We will at that point be providing more of a managerial role. After the second renewal in ten years, we plan to have a general manager running our company, go into semi-retirement and possibly do a little traveling.
"Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.worldthinktank.net/wttbbs
express cleaning service Arlington Heights ..Microsoft Great Plains fits horizontal markets clientele and in case... Read More
The goal of almost every business owner is to generate... Read More
Where would your business be without a proper plan? A... Read More
One of the difficulties we face in our industrialized age... Read More
While writing an article recently on effective ways to bridge... Read More
If ever there were an industry where we want zero... Read More
If you are a manufacturer wanting to use your business... Read More
The boom of the dot-com era in 1999 brought the... Read More
Franchised companies often require what some believe to be excessive... Read More
Business owners and entrepreneurs are, by nature, risk takers and... Read More
Strategic planning and consulting is the strategy roadmap to manage... Read More
The time when a website was just a simple set... Read More
After 128 years of business, a household word, Montgomery Wards,... Read More
Diversify - to make diverse, give variety, to balance, to... Read More
Obviously, there will never be an actual water shortage since... Read More
Business planning is widely acknowledged as one of the keys... Read More
I'm not talking about posting the HBO schedule on your... Read More
There are no "rules of thumb" in the pursuit of... Read More
Writing a business plan for a franchised outlet of a... Read More
For many consumers and producers, MSP is an acronym for... Read More
Writing a business plan is no easy task, sure you... Read More
The first task before hiring a contractor for home remodeling... Read More
Why do so many companies languish and watch as their... Read More
I am surprised how few sales professionals, independent consultants, and... Read More
The format of a Business Plan is something that has... Read More
tidy up service Arlington Heights ..Conventional wisdom has it that there are only three ways... Read More
American Eagle Outfitters and Wet Seal Stores have issued statements... Read More
It is always said "If you Fail to Plan, you... Read More
The foundation of any business transaction is the promise of... Read More
In this small article we'll concentrate on farmers associations and... Read More
To Grow (Catapult) Your Business That's Why.When it's in your... Read More
I love the excitement of starting up a new home... Read More
Is your business growing as fast and effectively as it... Read More
Six Sigma is becoming a proven approach for businesses and... Read More
There is a story, about a business owner who wasn't... Read More
One Research Scientist at the Hewlett-Packard (HP) Imaging Systems laboratory... Read More
More than $117 billion passed hands from Internet shoppers to... Read More
No "meme" isn't a typo and Got Milk, the more... Read More
Some analysts credit [Larry] Ellison with anticipating the consolidation in... Read More
A significant advantage of some business ideas is that the... Read More
A menu is the foundation of any restaurant; Guests will... Read More
Strategic planning and consulting is the strategy roadmap to manage... Read More
Writing a business plan to help you direct and manage... Read More
So what makes a vision successful? Everyday companies try to... Read More
The new check cashing instant clearing will take some time... Read More
The University of Exeter in the United Kingdom recently published... Read More
Many movies have been made about the tragic story of... Read More
You have invested a lot of time and energy on... Read More
Let us look at a few of the big distribution... Read More
Every decade we seem to come up with a buzz-word... Read More
Strategic Planning |