Short-term goals. This timeline is normally 1 year in duration. Maybe, you have a goal of saving enough money to expand your business past working from home. You must set benchmarks to achieve and measure the effectiveness of your actions. Figure out the cost of the goal, then divide by the amount of time you have to reach it.
Medium-term goals. This timeline is normally 3 to 5 years in duration. Medium goal-setting is where the Strategic Planning process takes place. Again, figure out the cost of the goal, then divide it by the amount of time you have to reach it. Additionally, it is time to add marketing, budgeting, and financial management plans to your business.
Long-term goals. These goals are normally 10, 15, 20, and 30 years planning benchmarks. This time might seem like a long way out, but millions of people before you have had the same thoughts suddenly realized they should have started thinking about their goals early in the business and life.
Now back to your regular program!
If something you do after you have done several other things. First and foremost, you develop a business plan. You can sign up for the Building A Business Plan Course or purchase software that will help you put a business plan together far more easily than doing it blindly.