Wednesday, April 25, 2007

Where do you see your business in 10 years?

Here is a basic question that you may not have considered yet unless you have written a business plan. Where do you see your business in ten years? Do you see it as still being something you are doing? Will you be supporting yourself solely from this business or working part time somewhere else? Is this going to be your part time job in ten years while you are working full-time for someone else?

This is one of the questions that is asked on a business plan. Where do you see the business in ten years? It gives you an idea on what you will need to accomplish over the next nine years to get to that point where in ten years your business is what today you see it as becoming.

Take a sheet of paper and a pen and spend a little while outlining what you would like your business, including your part in it, to be in another ten years. Don't worry about how to get there, you will deal with that later, right now just decide what your business is going to be like ten years from today.

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