Strategic planning is done every year to keep track of the business’ growth and progress. One of the outputs of these plannings are the short-term and long-term goals for the company. Each plan holds a different time frame. Most long-term goals are achievable within five years. It covers the general purposes for the advancement of the company or specific departments such as sales, human resources, and marketing. As the planning season nears, it is best to prepare and come up with a structure for your long-term plans using our professionally written plan templates.
7+ Five Year Plan Templates in Google Docs | Word | Pages | PDF
1. 5 Year Plan Template
The goals of the company should be in line with its corporate mission and vision. All the plans of each department should coincide and lead in the same direction. You can lay down these specific goals in a well-organized manner using this 5 Year Plan Template, which is available and editable in Google Docs, which highly facilitates collaborative work.
2. 5-Year Action Plan Template
Each overarching goal for the business needs to be broken down to specific targets in shorter timeframes. These more specified targets are critical for an action plan. The contents of an action plan are similar to particular steps that need to be done to achieve the goals. If you are still confused on how to make them, drafting an action plan is a start.
3. 5 Year Business Plan Template
Business plans are always strategic. It covers the overall goals of the company and the needed steps. Most importantly, it contains the required actions in cases of economic problems. It is always best to think ahead and be safe than sorry. With this business plan template, you can ensure the stability of your company in critical moments.
4. 5 Year Sales Plan Template
To optimize your services and products, you need to know and understand the needs of your target market. A sales plan contains these pieces of information. This material also includes specific steps on how to connect to the market more engagingly. If you find troubles in this aspect of your company, you can utilize this template to erase the struggle of starting from scratch.
5. Five Year Plan Template
There is a need for small and start-up businesses to come up with well-organized plans to increase the chance of receiving investment and loans. You can present this material when meeting with potential investors to further the advancement of the business. If you are yet to come up with one, this template is compatible with various file formats. Download yours now!
6. U.S. – China ESRC Five-Year Plan
The Chinese government followed the Soviet Union in coming up with a five-year plan which focuses on the financial growth of the country. Each program zooms in on a particular investment or practice. You can use this material and understand its concepts. You can then translate its methods into a corporate environment.
7. Five-Year Socio-Economic Development Plan
In a country-level setting, socio-economic development is as essential as financial progress. It is the relationship between social and economic factors. This material can help you determine the link between your company culture, employee retention, and total revenue. You can come up with these conclusions because a corporation has similar components to a country.
8. Creating and Implementing a 3-5 Year Plan
If it is your first time making a 5-year plan, this is a perfect reference material that can guide you. It has several guide questions that can help you come up with statements that are tailor-fit to your needs. The document also provides tips and guidelines in formulating goals and other tools.
5 Steps in Making a 5-Year Plan
Step 1: Determine the Purpose
Five-year plans are not exclusive to businesses and corporations. These plans can also be used by individuals, especially for personality and career growth. In companies, these plans can be for the general development of the company. It can also be specific to sales strategies, financial progress, and advertising practices. The format and content of the document depend on its purpose and theme.
Step 2: Conduct an Analysis of the Current Condition
Before coming up with the goals and the required actions, there is a need to evaluate the current condition. This method is done to figure out what is needed. On a personal level, you can determine and list down what you want to achieve in life for the next years. In the business setting, evaluate the condition of your company in several aspects such as your current economic standing, customer engagement, and present working capital.
Step 3: Take Advantage of Strengths and Opportunities
The analysis of the current condition also filters the strengths and opportunities that you can take advantage of. List down the foreseeable opportunities that can help in the development of the business. Some examples include upcoming training camps for managers, seminars, and investor meetings that you can prepare for in advance. Remember to make use of your strengths to fully take advantage of the present opportunities.
Step 4: List Down Overarching Goals
In the process of determining the strengths and opportunities, you can also assess your weaknesses and threats. With these pieces of information, come up with the general goals to guide the development of your company. These overarching goals should be supplementary to the corporate mission and vision. The vision is the most helpful in drafting these goals because it contains the idea of what the company will be in the future. The five-year plan is the tool that will aid in achieving the goals in the shortest possible time.
Step 5: Distribute Goals within the Timeframe
After coming up with the final list of the general goals, break these down to shorter and achievable goals in a shorter timeframe. Then, distribute these goals throughout the five-year timeframe. As a general rule, prioritize the goals that take the most time in finishing and need the most resources.