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
weekly home cleaning Highland Park ..Succession planning, like any business acumen, is both an art... Read More
A menu is the foundation of any restaurant; Guests will... Read More
Is your business growing as fast and effectively as it... Read More
While writing an article recently on effective ways to bridge... Read More
When in doubt, cut that out! Yeah, yea, doubting Thomas... Read More
The time when a website was just a simple set... Read More
"I don't need a business plan."Neither did Alice in Wonderland."Would... Read More
Six Sigma is becoming a proven approach for businesses and... Read More
Storytelling and writing a business plan actually go hand in... Read More
Note to Rite Aid and CVS: It's not about the... Read More
To stop a computer virus you must understand how it... Read More
What do Mark Victor Hansen, Robert Allen, Anthony Robbins, Andrew... Read More
Mobile auto detailing equipment becomes very inexpensive around March each... Read More
Part 1A few weeks ago I attended a seminar sponsored... Read More
Does your overall business strategy include the recruitment of college... Read More
If you're a solo professional like I am, you know... Read More
Diversify - to make diverse, give variety, to balance, to... Read More
The day you decide to take the plunge and work... Read More
Experts estimate that 90 percent of Australian businesses are overspending... Read More
Microsoft Great Plains, former Great Plains Dynamics is excellent fit... Read More
I read once that something like 30 percent of all... Read More
In 1989, Sony founded its Institute of Wisdom at the... Read More
Can you imagine going on a road trip without knowing... Read More
When someone mentions business planning we have been conditioned to... Read More
Many business start-up kits or consultants will tell you one... Read More
whole house cleaning Park Ridge ..Fun From The StartFor those with the will to start... Read More
Many very successful business owners may never have had a... Read More
Is there really anything as a problem? Does chaos or... Read More
It's easy to lose sight of what needs to be... Read More
If you own a mobile car wash business or auto... Read More
I'm not talking about posting the HBO schedule on your... Read More
If you are in the parking business and own or... Read More
Writing a business plan for a franchised outlet of a... Read More
In this small article we'll concentrate on farmers associations and... Read More
"Begin with the end in mind," says Stephen Covey in... Read More
Building a dynamic small business is a constantly evolving, increasingly... Read More
When you start your program to purchase your "ideal" company,... Read More
If you own a pressure washing business one of the... Read More
1. Largest Selection -One way that you can make your... Read More
People often ask "What makes a good business plan? Or,... Read More
Succession planning requires the owner of a small or medium-sized... Read More
Does the competition drive you crazy?Are they relentless about taking... Read More
I read once that something like 30 percent of all... Read More
No matter what product or service you provide you will... Read More
When looking at Akron carefully one cannot help but notice... Read More
Many cities have home pages on the Internet. Many of... Read More
The foundation of any business transaction is the promise of... Read More
Storytelling and writing a business plan actually go hand in... Read More
In most business plans, no matter how striking the idea,... Read More
Although North Americans were the dominant population on the Internet,... Read More
Strategic Planning |