Do you have a vision of what your life will look like in 5 years? What about what your business or organization will look like? If you close your eyes and picture what you will be doing in the year 2027, what is it? Chances are, it looks a lot different than your current state, and if it doesn’t, I encourage you to dream bigger.
In September of 2022, I celebrated my 80th birthday. Hitting that milestone prompted me to take some time and reflect on my life and review the goals I have achieved so far. This reflection also led me to consider where I’m headed and what I wanted my business and life to look like in 2027 when I am 85 years old.
I have a simple goal for my life—I want the world to be a better place when I leave it. This goal is why, despite my age, I continue to help people become as happy and productive as possible in life and business.
It may seem challenging to look five years into the future, let alone to decide what goals and aspirations you have for yourself, but when it comes to creating the life you want, this type of forward-thinking is crucial.
Why You Need a 5-Year Vision
Having a 5-year vision as a leader can be incredibly beneficial for many reasons—here are the top four I want you to consider:
1. To provide direction and focus
A 5-year vision gives you a clear idea of where you want to be in the future, or where you want your organization and team to be in the future. This can help focus your efforts and ensure that you’re working toward a common goal.
2. To set long-term objectives
A 5-year vision can help you identify the key milestones you need to achieve to reach your desired goals. This can help you to prioritize your efforts and allocate resources effectively.
3. To motivate and inspire
Sharing your goals with your team can help to inspire and encourage them to work towards a common goal. It can also help to create a sense of purpose and meaning for team members.
4. To adapt and pivot
Having this vision does not mean you are committed to a fixed plan, but it does provide a framework for decision-making. Keep in mind that it should also be flexible enough to allow you to adapt and pivot in response to changes in the market or other external factors.
So, where do you start?
When creating a 5-year vision, consider your organization’s current situation. Think about the factors likely to influence the future. What are your team’s strengths? What are areas for improvement, or any opportunities or challenges?
Once you can answer those questions, you can define your vision and set specific, measurable, achievable, relevant, and time-bound (SMART) goals to help you achieve them.
Now ask yourself, am I a leader?