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
The current state of the available technology at the disposal... Read More
There's nothing automatic about corporate growth, particularly in the information... Read More
Every business experiences slower periods. For some, they sell more... Read More
As a franchisor it is imperative that you seek, find... Read More
Writing a Business Plan these days is tough, venture capitalists... Read More
Are you frustrated by the lack of growth in your... Read More
Every new business owner knows that a business plan is... Read More
Most companies that are worthy of raising venture capital have... Read More
Writing a business plan is no easy task, sure you... Read More
There is a story, about a business owner who wasn't... Read More
Here is an abstract thought on studying nature and the... Read More
Does the competition drive you crazy?Are they relentless about taking... Read More
Many very successful business owners may never have had a... Read More
Business planning is widely acknowledged as one of the keys... Read More
Want to become more strategic? Add these traits to your... Read More
All investors greatly desire and are motivated by a clear... Read More
It doesn't take a Terrorist Act, Tsunami or Earthquake to... Read More
Part 1A few weeks ago I attended a seminar sponsored... Read More
Experts estimate that 90 percent of Australian businesses are overspending... Read More
Let us look at a few of the big distribution... Read More
The boom of the dot-com era in 1999 brought the... Read More
I am surprised how few sales professionals, independent consultants, and... Read More
Storytelling and writing a business plan actually go hand in... Read More
If you are a successful franchise of a large franchise... Read More
I am not a big fisherman, but I do enjoy... Read More
street light materials architectural street lighting Pete's produce ..Many cities have home pages on the Internet. Many of... Read More
One of the difficulties we face in our industrialized age... Read More
If you are looking for a partner, funding, angle investor... Read More
No matter what business you plan to start in your... Read More
You have heard that there is extra money on the... Read More
Canada's lean leaders need to look beyond the horizon and... Read More
"Bozo" ? A clown with a forlorn look, always finding... Read More
As a business owner, you've likely created a hurricane plan... Read More
The first step in starting a restaurant is proper planning.... Read More
Does the competition drive you crazy?Are they relentless about taking... Read More
Let us look at a few of the big distribution... Read More
Why cut costs now? Efforts are multiplying to cut costs... Read More
Before becoming a netpreneaur, I was an entrepreneur. First, I... Read More
You might be thinking to yourself, "Why should I waste... Read More
Many very successful business owners may never have had a... Read More
In today's rapidly changing and highly competitive markets, many privately... Read More
Scenario OneDuring a recent presentation, a business owner was given... Read More
You have invested a lot of time and energy on... Read More
If you own a mobile franchise business and wish to... Read More
Please take a moment before you read any further and... Read More
The new check cashing instant clearing will take some time... Read More
Running a business, whether it be an offline multi-billion dollar... Read More
Strategic planning and consulting is the strategy roadmap to manage... Read More
If you own the mid-size business and actively work in... Read More
When someone mentions business planning we have been conditioned to... Read More
Strategic Planning Strategic Planning |