presentation on 5 year plan

How to Create a 5-Year Plan You'll Actually Stick To [In 4 Steps]

Published: September 19, 2023

One common question you’ll get asked in an interview is, " Where do you see yourself in five years? "

When it’s coming from a hiring manager, we usually have an answer ready. When it comes to your personal life, do you have a five-year plan?

In the most stressful times in my life, planning brings me great joy and peace. But who says you have to wait for the stress to come? In this article, we’ll outline why you should create a five-year plan and how to build one you’ll follow through with.

What is a 5-year plan?

A five-year plan is an outline of professional and/or personal goals you want to reach within the next five years. It usually includes broad goals relating to career, relationships, health, and finances that are broken down into action items and milestones.

Benefits of a 5-Year Plan

Whether professional or personal, a five-year plan can serve as a reset for your life. Who doesn’t like a fresh start?

After all, that’s why New Year’s resolutions are so popular. They give us something to look forward to. There’s also something to be said about writing out a detailed plan. It can be a great motivator to put something in motion.

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Personally, I’ve said countless times that I want to be fluent in Spanish. However, it's not until I write a detailed plan for how that it will become real.

This brings us to our next point: clarity. Sometimes, a path seems scarier than it actually is because we don’t actually know what it looks like.

Creating a plan is like pointing a flashlight in a dark road. A more accurate description is that it turns that dark, twisty road into a clear path forward. Doesn’t mean there won’t be any bumps in the road but at least you’ll know exactly where you’ll land and how to get there.

Lastly, a five-year plan can serve as a reminder of what’s at stake. In your daily life, it can be easy to forget that every day, we’re shaping our future.

The decisions we make today affect what our life will look like years from now. Having a visual reminder of this can keep you focused on your goals.

What to Cover in a 5-Year Plan

Before you get started with your plan, there are a few things you’ll need to figure out ahead of time.

1. Determine areas of focus.

Your five-year plan can cover various areas from education, career development, finance, hobbies, or even health. It’s up to you. Don’t feel stuck having to stick to one category and choose the ones that best interest you and fit your needs.

2. Write down your values.

Putting down your values in writing will help you discover your “why” (more on that later). This step will also help you narrow down what’s most important to you and shape the goals you set for yourself.

3. Research the path to your goals.

Your five-year plan is only as successful as the effort put into creating it. In order to create a viable plan it has to be actionable. Once you’ve got an idea of the goals you’d like to include, start researching the path to attaining them.

For example, if you’d like to set a career goal to become a marketing director, start looking at the steps and credentials required. Do you need to skill up? Is there a pathway at your current job? Doing some initial research will set you up for success.

4. Decide if you’d like to include HARD goals.

Tackling heartfelt, animated, required, and difficult (HARD) goals can be a rewarding but challenging part of a five-year plan. These types of goals will push you out of your comfort zone and help you achieve things you didn’t think were possible before. Think of these goals as highly ambitious but achievable with a five-year timeline.

Think of HARD goals this way:

Heartfelt : What reasons are behind achieving this goal?

Animated : What gets you excited about achieving this goal? Get specific.

Required : What is it going to take to achieve this goal? What will you need to accomplish in six months to a year to stay on track?

Difficult : What skills will you need to accomplish this goal and how will you obtain them?

Now that we’ve covered the groundwork, we’ve got more tips to help you create a five-year plan that keeps you motivated and inspired.

5-year Plan Tips

If creating a plan from scratch makes your eyes glaze over, check out these tips to help you start getting some ideas on paper.

1. Give yourself space to brainstorm.

To help you focus better when creating your plan, do a bit of pre-work. Give yourself time to really think about what you’d like to accomplish and the things that are most important to you. For example, you could write out a list of potential goals or ideas, and then rank them in order of importance — including notes about why they are important.

2. Consider separating long-term and short-term goals.

Once you’ve jotted down some goals, decide which are better suited for short or long-term ones. For example, completely paying off debt might be a long-term goal, but deciding which debt to tackle first could be a short-term goal. It may also help to divide them up into a 30-60-90 day plan to help best set a timeline.

3. Break down annual goals into monthly ones.

Tackling lofty goals can be overwhelming. This is why it’s important to break them down into smaller tasks that are manageable so you don’t get discouraged along the way. Let’s say you want to save $10,000 in a year. You can break that amount down into a recurring monthly payment of $833 or even split it into smaller weekly payments.

4. Find an accountability partner.

Sometimes life gets in the way and throws us curve balls — greatly impacting our ability to stay motivated and consistent. Having an accountability partner can help you stay on track. This could be someone you check in with monthly, a close friend, a family member, or a mentor. Whoever you choose, just make sure it’s someone who will keep you honest. Perhaps they’ll even have their own 5 year plan and you can take this journey together.

5. Don’t be afraid to make adjustments.

Remember that your five-year plan is yours. You can make adjustments as you see fit once you start tracking your progress. If your priorities change, update your plan.

5-Year Plan Template

If you're ready to create your own five-year plan, we've got you covered.

HubSpot created the following five-year plan template for you to download.

Download this five-year plan template

Next, let's dive into how to fill out your plan.

How to Make a 5-Year Plan

1. Know your "why."

This is singlehandedly the most important step in creating a plan.

A clear "why" is your North star. It’s what will guide you throughout your journey and motivate you to keep moving forward.

It can take a while to narrow this down. You’ll know you have the answer when it’s linked to a core value or belief. Otherwise, you have to keep digging.

One way to get to this is by just asking the question over and over again. For instance:

• I want to learn American Sign Language. Why?
• To become more connected to another culture. Why?
• To broaden my perspective. Why?
• To be a more understanding, tolerant, and inclusive person.

Now, we’ve taken something at surface level and brought it down to a personal, human level.

2. Choose your objective.

When creating a five-year plan, you want to review your life as a whole and decide what your objective will be.

Are you focusing on your professional career, your financial goals, or your spiritual growth? Or perhaps you're taking a more holistic approach and combining all of these elements.

If you don’t know where to start, use this: "In five years, I want to be [fill in the blank]." This will help you figure out goals that you may not have vocalized before.

Here are four core pillars you should always consider:

• Health (physical and mental)
• Relationships (with self and others)

Depending on your goals, you can also add categories for religious or spiritual development, recreation, and service.

Don’t forget bucket-list items – have you been wanting to learn a new language? Or perhaps you want to visit every country in the world. Bucket list items are perfect for five-year plans because you can spread them out over a long period of time and have fun tracking your progress.

3. Start with the big ideas then narrow your focus.

When you’re first writing your five-year plan, start with an end goal for each year.

From there, break it down by:

• Process: What steps will you take to meet this end goal?
• Success metric: How will you gauge success?
• Benefit: How does this end goal bring you closer to your five-year plan?
• Resources: Which resources will you leverage to achieve your goal?

This process will help you turn your broad ideas into clear action items that can be executed.

Research will play a big role in this, as you will need to identify resources and set a structure to meet your goal.

For instance, say your five-year financial plan is to be debt-free.

That’s the big idea but you need to dive deeper. How exactly will you achieve that? Your research will likely suggest setting a budget, paying off your most expensive loan first, consolidating your debts, and more.

Once you know the key action items, you can break them down by year.

This is a S.M.A.R.T. goal in action. The more specific you are, the better you will be at fulfilling your five-year plan.

More on that in the next section.

4. Make it S.M.A.R.T.

To give you the best chances of success, every goal should pass the SMART test . That means being:

• Specific – The vaguer your goal, the harder it will be to reach.
• Measurable – You must be able to quantify your goals because otherwise, how will you know you’ve reached it? This doesn’t always mean assigning a figure to it, it can also be a feeling.
• Achievable – While it’s good to push yourself beyond your limits, your goal should be attainable and realistic based on where you stand currently.
• Relevant – How does this goal fit within the bigger picture? Does it align with your personal values? What’s the impact on your life?
• Time-bound – It’s not enough to say it’s a five-year plan, you have to create a timeline and set milestones at specific points within your journey.

5-Year Plan Common Mistakes

We’ve covered what to do and best practices. Next let’s talk about what not to do. Here are some five-year plan pitfalls to avoid.

1. Not setting clear goals.

If your goals are vague, it’s going to be nearly impossible to hit them. You can’t accomplish a goal that’s not clearly defined. When it comes to setting your five-year plan, specifics are key.

2. Not doing enough research.

If you’ve set any formal education or career goals, thoroughly researching requirements is a must. Skipping this step could cause you to miss important prerequisites and derail your goals completely.

3. Failing to set a timeline.

To achieve your goals you must track them. In order to track your progress, you need deadlines in place. Without deadlines you run the risk of aimlessly moving along (or not at all) without hitting important milestones — hindering you from accomplishing long-term goals.

4. Keeping a rigid plan that no longer suits you.

Yes, staying on task with your plan is important, but it is meant to serve you. If the plan you originally set no longer suits your needs, it is perfectly fine to make adjustments. The plan is not set in stone and it should be revised as needed.

Now that we’ve covered our bases, let’s look at some plan examples and templates to help you quickly get started on your own

5-Year Plan Example

Don't let the task of creating a plan from scratch in Excel put you off. There’s plenty of ready-to-use templates that will make light work of formatting so you can focus on hitting your goals.

Best for : Personal or Professional Use

Using our downloadable five-year plan template , we were able to create a detailed five-year plan, broken down by year, process, success metric, benefit, and resources.

2. 24 Slides

Best for : Professional Use

If you’re looking to create a more visual plan to help you stay on track, 24 Slides has an easy-to-customize 5-year business plan template. This template has space to include both short and long-term business goals, plus it includes a variety of charts to help you build an engaging presentation. It’s a good option if you’d like to create a 5-year plan that can be presented to stakeholders within the company.

3. Template.Net

Best for : Personal use

This personal 5-year personal development plan from Template.Net offers a quick way to jot down your goals and strategize how to achieve them. The categories are simple: objective, goals, timeline and activities, and has additional space for you to write out any reminders you’d like to set. Be sure to include your “why” in the objective section to keep your reasons for creating the plan top of mind.

Accomplish More With a Plan

If you want to add more structure to your life and play a more active role in shaping your future, consider creating a five-year plan. While things may not pan out exactly as you've expected, you'll be surprised at how close you'll get to what you wished for.

Editor's note: This article was originally published in May 2022 and has been updated for comprehensiveness.

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How to Develop a 5-Year Career Plan

• Mary McNevin, Ed. D.

Stop setting annual goals, and start thinking longer term.

Having a long-term plan for your career can help you reduce career-related stress, increase your perceived employability, and allow you to connect more deeply with your purpose. But how do you move beyond yearly career goals and create a five-year plan?

• Brainstorm. Start by thinking about how you want your career to develop and what you need to do to get there. This requires self-reflection. You’ll need to identify your primary goal, your passions, how your existing skills contribute to both those things, and your areas for improvement.
• Gather feedback. We’re not aways the best judges of our own capabilities and strengths. That’s why it can be important early in your planning process to gather feedback from your superiors, mentors, and peers. They may help you discover career opportunities you never considered for yourself, clue you into strengths you may be overlooking, and share insights regarding your areas for growth and development.
• Map it out. After doing some self-reflection and gathering feedback, it’s time to organize the information you’ve collected. Consider keeping track of your plan in PowerPoint. For example, slide 1 should outline the career goals you identified in your self-reflection. Slide 2 should list out the skills you already have and the ones you would need to achieve your ultimate career goals. Slide 3 should highlight the development activities you plan to pursue over the next five years to help you achieve your goals. And slide 4 should present all of the possible obstacles that might prevent you from achieving your goal and how to address those challenges.
• Iterate. Unlike year-long goal setting, the process of creating a five-year plan is never complete. One way to ensure you’re keeping your plan updated is to set a quarterly calendar reminder. This will help you address any new developments in your life or career and make changes where necessary.

“Where do you see yourself in five years?”

• MM Mary McNevin, Ed. D. is an executive coach, talent advisor, and former CLO and talent executive. She is a growth-oriented talent management executive with 20+ years of experience in learning, talent management, succession planning, and strategy development. Dr. McNevin earned her doctorate (EdD) from the University of Pennsylvania through an interdisciplinary program between the Graduate School of Education and the Wharton School of Business. Her dissertation focused on Executive Coaching in the C-suite. Dr. McNevin also holds an MBA from the University of Wisconsin – Madison and an MS in Education from the University of Pennsylvania.

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5 Year Plan

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Unless you are really aware of what you want in life, you will more than likely get bogged down with the day to day routine, and the bigger things just get tackled as and when they come up. Not having a plan is a very reactive way to live – and a 5 year plan changes all that so you can be proactive and take back control. Creating a 5 year plan can pay dividends for where you end up after that time. It helps to create a focus on what your priorities are and you say no to things that won’t help you reach your goals. It shows you where you need to change things, what’s possible etc. It gives you the motivation to get where you want to go. Ask yourself some questions relate things back to the 5 areas of life “S.M.I.L.E” to ensure balanced plans – social, managing the home, income, leisure, energy. Of course, without any “doing”, you won’t get to where you want to get. It is not a magic trick, and it does require work on your behalf, but it is so worth it. Get a large piece of paper and split it up into 5 sections – 1 for each year of the plan. On the bottom – write down what your planned goals are. Then, work out what steps you need to have done to get to where you want to be. Some things may be dependent on others, and some may already have specific timeframes attached to them. Be as specific as possible, and give yourself the smallest tasks possible. This is because small tasks can more easily fit into your time and larger ones will almost always be pushed aside once day to day life takes over. Lastly – add in a timeline for each task so that you get things done within those 5 years – and then add these dates to your diary. Only scheduled things get done in life – never leave to a to-do list alone, as this is not a proactive way to get things done if you have a timeline around them.

The 5 Year Plan template consists of four slides that are designed in a cool colour scheme. This template has a lot of infographics and all the tools you need to build a professional presentation. This template will be useful for HR managers when preparing an employee development plan. You can also use this template when preparing your individual development plan for five years. You can define goals for each category of life. Also, this template will be useful for business trainers when preparing courses on personal growth. CEOs can also use this template when preparing their five-year company strategy. You can edit the slides of this template to suit your corporate requirements.

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Writing a 5-Year Plan: Best Tips & Examples to Get You Started

Last Updated: April 16, 2024 Fact Checked

Creating a 5-Year Plan

What is a 5-year plan, benefits of a 5-year plan, sample 5-year plans, expert q&a.

This article was co-authored by Shannon O'Brien, MA, EdM and by wikiHow staff writer, Jennifer Mueller, JD . Shannon O'Brien is the Founder and Principal Advisor of Whole U. (a career and life strategy consultancy based in Boston, MA). Through advising, workshops and e-learning Whole U. empowers people to pursue their life's work and live a balanced, purposeful life. Shannon has been ranked as the #1 Career Coach and #1 Life Coach in Boston, MA by Yelp reviewers. She has been featured on Boston.com, Boldfacers, and the UR Business Network. She received a Master's of Technology, Innovation, & Education from Harvard University. There are 10 references cited in this article, which can be found at the bottom of the page. This article has been fact-checked, ensuring the accuracy of any cited facts and confirming the authority of its sources. This article has been viewed 789,648 times.

If you have ideas for things you want to accomplish in your life, a 5-year plan can help you get to where you want to go. A 5-year plan allows you to plot out specific, concrete steps that will help you create the life you envision—but how do you get started? We talked to life and career coach Shannon O'Brien for tips on how you can get your life on track with a 5-year plan.

Writing an Achievable 5-Year Plan

• Visualize yourself in 5 years. Note the changes that need to happen to get you there.
• Find your "why"—the reason you want to accomplish these goals.
• Learn what resources and knowledge you need to accomplish your goals.
• Create specific, measurable short-term goals to work toward your larger goals.

• Think about improvements you might like to see in areas like your health, relationships, career, family, community, religion or spirituality, or hobbies and recreation.
• For example, if you see yourself as a physically fit person running in a marathon, you might design a health-focused 5-year plan with the goal of getting in shape and starting a regular running training program.
• If you're working on a career-focused 5-year plan, you might create a fictional résumé for yourself in 5 years. This helps make the goals you set along the path to success more concrete. Just don't submit your fictional résumé for a job opening! [2] X Research source
• HARD goals are things that you can't imagine life without. If you didn't achieve these things, you would feel as though something was missing in your life. [4] X Research source

• For example, if you want to become more physically fit , your first answer might be so that you feel better about your body. But if you keep digging, you might find that what you're really concerned about is being around and being healthy for your family. Your family is your core value.
• For example, if you have a 5-year goal of running in a marathon, running a 5K wouldn't be a suitable goal for Year 1. There are many Couch-to-5K programs that can be completed in 30 days, so that goal wouldn't be challenging enough.
• For example, if your 5-year goal is to run a marathon, your short-term goals would likely involve running shorter distances, or running a shorter distance at or under a specific time.
• Choose goals that are based on your performance, not on the outcome. These are more specific and measurable. For example, rather than setting a goal of being fluent in a language, you might set a goal to learn 10 new words every day. [11] X Research source
• For example, if you have a goal related to physical fitness, you might need to buy a gym membership or hire a personal trainer.
• Some goals might require you to learn things. For example, if one of your goals is to teach English in Venezuela, you might need to learn Spanish first.
• You might hang a copy of your 5-year plan in your bathroom so you can reflect on it while you're getting ready in the morning, or near your desk so you'll see it while you're working.
• Don't be shy about your 5-year plan—share it with friends and colleagues who can cheer you on, help motivate you to achieve your goals, and hold you accountable.
• For example, what if your 5-year plan was to run a marathon, but you're running half-marathons with ease after 1 year of training? It's not going to take you 5 years to get ready for the marathon, so you might revise it to a 2- or 3-year goal.
• Sometimes you'll also want to revise your plan due to a change in circumstances beyond your control. For example, you'd likely scrap your 5-year plan to pay off your student loans if the federal government announced all student loans were being forgiven.
• The most important thing to remember about a 5-year plan is that it's never set in stone. A lot can happen in 5 years, so it could be that everything in your plan will change.
• The point of the plan is to show a way that you can achieve your goal, even if it ends up not being the way you ultimately get there.
• Any 5-year plan tends to center around your goals, but goals and plans are two very different things. Your goals are what you want to achieve while your plan is like a roadmap that tells you how you're going to get there. [16] X Research source
• Your plan's flexibility also helps motivate you because you aren't as worried about being derailed if you hit a snag. Because you have the big picture in mind, you know you can work through any challenges that come your way.
• If your plan includes a goal that other people are involved in, the plan also gives those people clarity on what they need to do to achieve the goal collectively.
• You don't have to wonder if the next steps you're taking are leading in the right direction because you've already plotted the whole thing out.
• A clear path also enables you to see how to quickly regroup and get headed toward reaching your goal again if you become sidetracked.
• The plan also allows you to see the whole path clearly so you can understand how each small step that you make is gradually getting you closer to achieving your goal.
• For example, if you have a 5-year plan to become partner of your firm, you might take on projects that set you apart from your colleagues or actively pursue promotions. This gives you more control than if you just waited for the higher-ups to notice you.
• When you're plotting out your 5-year plan, you'll naturally think about stumbling blocks that might arise. Then, you can figure out what you'll do to get around them if they do come up.
• With a 5-year plan, you'll feel like you're on top of things because you have all of the details mapped out. Taking care of the details like this allows you to see the big picture and celebrate all the small accomplishments that eventually lead to major success.

You Might Also Like

• ↑ https://students.carleton.ca/log/five-year-plan/
• ↑ https://capd.mit.edu/resources/creating-your-five-year-plan/
• ↑ https://public.summaries.com/files/samples/hard-goals.pdf
• ↑ Shannon O'Brien, MA, EdM. Life & Career Coach. Expert Interview. 24 September 2021.
• ↑ https://www.berkeleywellbeing.com/personal-goals.html
• ↑ https://www.mindtools.com/a5ykiuq/personal-goal-setting
• ↑ https://www.psychologytoday.com/ca/blog/the-cross-examined-life/202401/learn-first-plan-later-drafting-a-useful-five-year-plan
• ↑ https://www.berkeleywellbeing.com/my-10-year-plan.html
• ↑ https://psycnet.apa.org/record/2010-04488-003
• ↑ https://www.mindtools.com/blog/whats-the-point-of-business-plannin-benefits-of-a-5-year-business-plan/

About This Article

To write a five year plan, come up with some goals that are as specific as possible, which will make them easier to track. For example, instead of saying "I want to be making more money," you could say "I want my salary to increase by 15 percent." Once you've made a list of goals, write out a plan for achieving each one. Also, break your goals up into a series of short-term goals so that you feel like you're accomplishing things along the way. For help choosing goals and working toward achieving them, keep reading! Did this summary help you? Yes No

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Create a winning 5-year plan presentation for career development – a step-by-step guide, by abdul aziz mondal job & career 16 june 2023.

Having a well-de­fined 5-year plan is crucial for professionals, whe­ther starting their journey or as e­xperienced practitione­rs. This presentation guides navigating the­ complexities of the corporate­ world and helps achieve de­sired career goals and ambitions by providing a roadmap.

A clear and compe­lling vision for the future can be powe­rful. It helps us develop a structure­d plan that showcases our skills, accomplishments, and growth potential. Such tools are­ incredibly useful when impre­ssing employers or potential me­ntors, as they showcase our strengths and de­dication to achieving career aspirations. This focus ke­eps us motivated and proactive, which is truly e­ssential in today’s job market.

This guide will take­ you through the steps of creating an e­ffective 5-year plan pre­sentation that can help with caree­r development. The­ guide is comprehensive­ and easy to follow, providing a clear roadmap for success.

Individuals looking to grow in their care­ers can take charge of the­ir professional journey by unlocking their full pote­ntial. This transformative process involves de­signing a roadmap that propels them toward success. Le­t’s work together to create­ a blueprint for success and achieve­ your career aspirations!

Step 1: Assess Your Current Situation

To initiate the process of crafting a 5-year plan for career development, it is crucial to evaluate your present circumstances. This involves evaluating where you are in your career, considering your goals, and analyzing your skills and experience.

Identifying Your Values, Skills, Interests, And Personality Traits

Reflect on your values, skills, interests, and personality traits.

What holds significance for you in your professional path?

What skills do you excel at?

What activities bring you joy and fulfillment?

Understanding these aspects of yourself will help you align your goals with your personal strengths and passions.

Setting Long-Term Career Goals

Next, set long-term career goals . Consider envisioning your desired destination in five years and contemplating your professional aspirations.

Are you aiming to progress within your present position, explore a career change, or venture into entrepreneurship? Defining your long-term goals will give you a clear direction for your 5-year plan.

Analyzing Your Current Job And Industry Trends

Take the time to analyze your current job and industry trends. Consider the skills and experience in demand and how they align with your goals.

Do you need to address any gaps in your knowledge or abilities? To ensure the realism and relevance of your plan, it is crucial to stay updated on industry trends.

Step 2: Develop Your Plan

After evaluating your present circumstances, it is now the opportune moment to construct your 5-year plan. This involves determining short-term and long-term objectives, creating an action plan, identifying potential roadblocks and challenges, and evaluating your progress along the way.

Determining Short-Term And Long-Term Objectives

Begin by identifying your current and future objectives. Deconstruct your long-term aspirations into manageable, attainable milestones that can be pursued within the span of the next five years.

This will help you stay motivated and track your progress as you reach your ultimate goals.

Creating An Action Plan

Once you have defined your objectives, create an action plan outlining the specific steps you need to take to achieve each goal.

Be as detailed as possible, including timelines, resources needed, and potential obstacles. Maintaining a clear roadmap ensures that you remain focused and organized every step of the way.

Identifying Potential Roadblocks And Challenges

Recognize that you may encounter obstacles throughout your journey and face various challenges. Identify these potential obstacles and come up with strategies to overcome them.

This proactive approach will help you navigate any setbacks or unexpected situations that may arise during your career development journey.

Step 3: Creating Your Presentation

Once you have developed your 5-year plan, it’s time to create a compelling presentation to share your goals and strategies with others.

This step involves understanding your audience, choosing the correct format, crafting effective content, and using visual aids to support your message.

Understanding The Audience

Before creating your presentation, consider who your audience will be. Tailor your content and delivery style to meet their needs and expectations.

Are you presenting to career counselors, HR professionals, or potential investors?

Understanding your audience enables you to create a presentation that truly connects with them.

Choosing The Right Format

Choose a format that aligns perfectly with your presentation style and objectives. Will you be using slides, videos, or interactive elements?

Choose a format that allows you to communicate your key points and engage your audience effectively. Remember that simplicity and clarity play a vital role in ensuring the success of your presentation.

Crafting Compelling Content

Craft compelling content outlining your 5-year plan, goals, and strategies. Use persuasive language, storytelling techniques, and real-life examples to captivate your audience’s attention.

Focus on the benefits and impact of your plan, highlighting how it aligns with your values and contributes to your long-term success.

Using Visual Aids To Support Your Message

Enhance your presentation with visual aids such as charts, graphs, images, and diagrams. Visuals can help simplify complex information, make data more digestible, and reinforce your key messages.

Employ visual aids strategically to reinforce your key ideas and maintain audience engagement throughout your presentation.

Consider using high-quality PPT backgrounds to create a visually appealing and cohesive presentation design for added impact.

Step 4: Presenting Your Plan

Now that you have created your presentation, it’s time to deliver it effectively. This step involves preparing for the presentation, delivering the presentation effectively, and handling questions and feedback from the audience.

Preparing For The Presentation

Before presenting your 5-year plan, take the time to practice and refine your delivery. Ensure you become well-acquainted with your content and dedicate ample time to rehearsing your presentation on multiple occasions.

It is beneficial to practice in the presence of a trusted friend or colleague who can offer valuable feedback and suggestions for improvement. Being ready to articulate your goals and strategies confidently and clearly is crucial.

Delivering The Presentation Effectively

When delivering your presentation, it is crucial to establish and maintain eye contact with your audience while exuding enthusiasm and confidence through your speech. Utilize body language and gestures effectively to reinforce your message and actively involve your listeners.

Remember to incorporate pauses and take deep breaths, allowing ample time for your audience to absorb the information you share. Be mindful of pacing and avoid rushing through your content.

Step 5: Follow-Up And Implementation

Once your presentation is complete, following up and implementing your 5-year plan is essential. This involves reviewing feedback, incorporating suggestions, staying on track with your goals, and seeking additional support and resources.

Reviewing Feedback And Incorporating Suggestions

Take the time to review the feedback you received during your presentation. Reflect on the suggestions and insights provided by your audience and consider how they can be incorporated into your plan.

Staying On Track With Your Goals

Stay focused and committed to your 5-year plan as you work toward your goals. Frequently assess your progress and acknowledge your accomplishments as you advance.

Use setbacks and challenges as learning opportunities, and remain adaptable and flexible in your approach.

Seeking Additional Support And Resources

Don’t hesitate to seek additional support and resources to help you achieve your goals. This may involve networking with professionals in your industry, seeking mentorship or coaching, or taking advantage of educational opportunities to develop your skills further.

Wrapping It Up

Creating a winning 5-year plan presentation for career development requires careful planning, thoughtful goal-setting, and a commitment to ongoing growth and learning.

Following the steps outlined in this guide, you can craft a compelling presentation that resonates with your audience and sets you on the path to long-term success.

Remember to be adaptable, open to feedback, and focused on your goals as you work toward achieving your vision for the future.

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Going somewhere? Write the 5-year plan you need to achieve it

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What is a 5 year plan?

The benefits of creating a 5 year plan, how to create a 5 year plan in 6 easy steps, 5 year plan examples.

You may have heard of SMART goal setting (Specific, Measurable, Achievable, Realistic, and Time-bound goals), but have you ever heard of HARD goal setting?

Society has been pushing SMART goals since the early ’80s, but a 2020 study found that people who set SMART goals are much less likely to love their jobs , while people who set HARD goals are 53% more likely to love their jobs. 

But, what are HARD goals? HARD goals are defined as: 

• Heartfelt 
• Animated 
• Required 
• Difficult 

They are goals for which you have an emotional connection, strong visualization, great urgency, and difficulty. 

While there are laudable aspects of SMART goals, the study shows serious problems regarding the ‘achievable’ and realistic’ aspects of SMART goal-setting. 

Methodologies that emphasize creating difficult goals are far more likely to be successful and generate higher employee engagement.

In this article, we’ll show you how to use HARD goals to make a 5 year plan, as well as show you two 5 year plan examples.

A 5 year plan is a personal and/or professional list of goals that you want to achieve in the next 5 years. 

Oftentimes, 5 year plans include smaller, concrete goals, to help you achieve the larger goals on your list. 

For example, if a long-term goal is to buy a bigger house, then a smaller goal might include setting aside a certain amount of money each month to go toward a deposit on a home loan. 

Or, if one of your long-term goals is to be a certified nurse, then a smaller goal might include finding the best nursing program in your area or applying for a student loan.

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One of the best things about a 5 year plan is that it can significantly motivate you to create the life you want to live. Notice we said “create the life “ not just “achieve the goal.” A 5 year plan that works for you will be more effective if you think of your life holistically — how do you want to feel? What values will you be living? — as you create it. 

Whatever the specific goals you have in mind — whether it’s starting a business, becoming certified or developing expertise, competing in an event, having a child, or taking a big trip — a 5 year plan can help you move from dreaming into doing, wish into a reality. 

Here are some other benefits of creating a 5 year plan:

• It creates a starting point for a career, start-up idea, or personal goal . If you have a goal without a plan, it may not ever happen. But, if you know you want to be a real estate broker by 2026, you’re in a better position to start the process and take actionable steps to achieve that.
• It helps you stay focused and aligned with your ambitions, rather than your dreams constantly hanging out in the back seat. 
• It’s a consistent reminder of what you’re aiming toward, and what you need to do to get there. 

The trick is: keep your plan as visible as possible, make sure it’s what you deeply desire, and make sure your goals are specific, measurable, time-bound, and HARD. 

What should be included in a 5 year plan? 

Grab a pen and a piece of paper. Visualize your life 5 years from now, and write down everything you see without thinking or judging . If any fears, doubts, or negative emotions come up, that’s normal. The key is to ignore them and not attribute any meaning to them.

Use the following categories to help you write your complete brainstorm. 

How do you want your nutritional health , mental fitness , physical health , and mental health to look in 5 years?

Are you interested in being vegan? Do you want to lose weight? Do you want to start a yoga practice ? Would you like to regularly meet with a therapist? 

Relationships

Imagine your future professional relationships, friendships, and familial relationships. What do you want them to look like?

Do you want to join a networking group? Are you interested in starting a book club? Do you want to adopt a child? Do you want to take more trips with your partner?

Visualize your financial goals in these buckets: 

• Bills 
• Everyday expenses (i.e. groceries) 
• Flexible spending (i.e. entertainment) 
• Emergency savings 
• Goal savings 
• Investments 

What do you see?

Will you be contributing higher amounts to your 401(k)? Are you planning on saving for higher education? What do you want your emergency savings to look like? Do you want to save for a big trip?

Career/business

What are your career and business aspirations?

Do you picture yourself leading a huge team or an entire corporation? Do you want to be a digital nomad? Are you planning on starting a blog? 

The truth is, the world of business and how people buy and use goods and services is constantly changing — and fast. Don’t get hung up on roles and titles. Especially if you’re early in your career, you will discover career aspirations and opportunities that don’t even exist today. That being said, spend time thinking about what types of activities interest you, what type of environment you enjoy, what type of impact you want to make day-to-day.

If you’re feeling stuck about your career goals, consider:

• Taking career assessments
• Making a list of various career paths
• Finding the overlap between things you like and what companies are hiring for
• Working with mentors
• Building your network
• Creating your own job or business that lines up with your interests
• Listing your passions, values, skills, and interests, then finding or creating jobs that match some parts of the list

If you’re still unsure about your dream job, don’t worry. Go after jobs you’re interested in, learn from them, and eventually, you’ll come across pursuits you’re excited about. Many people also worry if they don’t have a passion. The reality is that pursuing interests and immersing yourself in the work is a good way to discover and develop passion . It’s also okay if you’re multi-passionate and interested in several jobs. 

Personal/spiritual/religious development

How do you want to grow personally and/or spiritually?

Are you interested in starting a home church? Do you want to work with a life coach or career coach? Do you want to meditate more? Would you like to start a gratitude or prayer practice? Do you want to build resilience ? 

Environment/organization/space/home

How do you picture your future environment?

Are you living in a tropical bungalow in Bali? Are you in a newly decorated and renovated home? Do you have a custom pool in your backyard? Are you living with your family to save money? Are you embracing minimalism?

Recreation/fun

What kinds of hobbies will you have in the future?

Will you be snowboarding every winter and surfing every summer? Are you interested in joining a soccer league? Do you want to take up cooking or art classes? 

Service/contribution

What kind of meaningful contribution would you like to be a part of?

Are you interested in volunteering for a vegetable co-op? Will you be tutoring kids on the weekends? Being a mentor ? Do you want to buy monthly groceries for one of your friends in need until they get back on their feet?

• Focus your plan
• Consider potential goals
• Determine your 'why?'
• Identify annual goals and create monthly goals
• Research how to reach your goals
• Adjust and revisit as needed

Here’s how to use your notes to create your plan:

1. Focus your plan

Take a look at your notes and decide which specific areas to focus on. 

You might decide that you’d rather focus on a few areas, like your health and career, or you might decide that you want to focus on all areas. 

Once you decide, grab a piece of paper for every area you plan to focus on and write the area of growth at the top of each. 

For example, if you decide just to focus on health and money, you’ll write ‘health’ at the top of your first paper and ‘money’ at the top of your second paper. 

2. Consider potential goals

Next, divide each paper into two columns. The left column will be for ‘goals,’ and the right column will be for ‘action steps’ or ‘skills.’ 

Then, decide which goals you want to achieve for each category. Remember that ‘specific’, ‘measurable’, and ‘time-bound’ are positive aspects of SMART goals. That said, the ‘achievable’ and ‘realistic’ aspects of SMART goals can deter you from going after more audacious goals. 

Challenge yourself to leave your comfort zone with HARD goals. 

This doesn’t mean setting goals with no chance of success. But, setting goals with, let’s say, a 50/50 chance of success is difficult and ambitious enough to give you a real sense of accomplishment when you succeed.

For example, on your ‘health’ paper, let’s say you decide to write the following in the ‘goals’ column: 

• Be more active
• Increase nutrients 

Then, you might write the following in the ‘action steps’ or ‘skills’ column: 

• Eat raw and organic fruits and vegetables three times a day 
• Walk for two hours a day
• Take a daily multivitamin and add superfoods to morning smoothies 

Next, decide between long-term and short term goals:

Review your list of goals. Decide which are better suited for short-term goals and which are better suited for long-term goals. 

For example, you might decide that being a teacher in Peru is a long-term goal while researching places to live in Peru is a short-term goal. You might start outlining your short- and long-term goals with a 30-60-90 day plan . 

3. Determine your ‘why?’

What’s your big ‘why?’ Why do you want to be a Teaching English Foreign Language (TEFL) teacher in Peru? 

Write your reason down and hang it in a place where you’ll see it daily. 

For example, “I want to be a TEFL teacher in Peru, so I can learn Spanish, help students develop their English skills, and fulfill my dream of exploring South America.”

4. Identify annual goals and create monthly goals

First, establish annual goals that will help you reach your 5 year goals. 

For example, if one of your 5 year goals is to adopt a child, then your first annual goal will probably consist of setting interviews with adoption agencies.

Next, break down your annual goals into monthly goals. 

For example, if your annual goal is becoming a TEFL teacher in Peru, your monthly breakdown could look like this:

• Month 1: Research reputable TEFL programs and set online appointments with TEFL advisors to decide which program you like best
• Months 2-3: Take your TEFL course, study for exams, and write essays
• Month 4: Take your final TEFL exam and wait for your certificate 
• Months 5: Edit your resume and look for a short TEFL internship
• Month 6: Intern with a TEFL academy and ask for feedback from your mentors
• Month 7: Create a lesson plan portfolio and start looking for jobs
• Month 8: Set up job interviews 
• Month 9-10: Land a job from one of your interviews and buy your plane tickets
• Month 11: Move to Peru, find a furnished apartment, and get to know your neighborhood
• Month 12: Start work at your new job as a TEFL teacher 

5. Research how to reach your goals

Next, research the best ways to reach your goals. 

If you plan on moving to Peru, are there some YouTube channels you can check out with tips on how to move? If you plan on creating a start-up, can you meet with some start-up experts that can mentor you? If you plan on learning how to bake macarons, is there a French macaron cookbook you can buy?

6. Adjust and revisit as needed

Life is full of unexpected twists and turns. While the 5 year plan is designed to help you stay focused and persist despite bumps and detours, sometimes the unexpected is you.

As you start working on your goals, you may realize that your interests and passions don't quite align. This is where self-directed learning can help.

Plan for periodic review, reflection, and adjustment as part of life. If your long-range plan still feels right, zoom in to your monthly goals. Decide if your monthly goals are working or if you need to adjust them.

For example, you might find that trying to conduct online interviews with a Peruvian academy is impossible. So you could decide to fly out early to meet directors in person instead. 

You may also decide that creating weekly or even daily goals is essential to hitting your monthly goals.

Revisit and revise your plan as often as needed (at least once a year). You might be surprised at how fast you reach some goals while other goals might take a bit longer than expected.

Here's an example of a 5 year plan for a student interested in being a Certified Public Accountant (CPA):

Here’s a personal 5 year plan example for someone interested in becoming fluent in Spanish:

Creating a 5 year plan is one of the best ways to see your dreams come to life. 

At BetterUp, we love seeing individuals reach their fullest potential and achieve their dreams. Request a demo today to find out more.

Shape your future with a coach

Unlock your potential and achieve your 5-year goals with personalized coaching tailored to your aspirations.

Maggie Wooll, MBA

Maggie Wooll is a researcher, author, and speaker focused on the evolving future of work. Formerly the lead researcher at the Deloitte Center for the Edge, she holds a Bachelor of Science in Education from Princeton University and an MBA from the University of Virginia Darden School of Business. Maggie is passionate about creating better work and greater opportunities for all.

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Home PowerPoint Templates Timelines & Planning 5-Year Timeline PowerPoint Template

5-Year Timeline PowerPoint Template

Manifest the yearly business plans or project briefs using our editable 5-Year Timeline PowerPoint Template .  A timeline is a comprehensive way to illustrate the time-framed events or milestones of a bigger project. Students, employees, and experts can also use timelines to estimate their growth and development plans practically.  Timelines can be horizontal or vertical, depending on the use case. We have designed this 5-year timeline PowerPoint template for professionals from multiple domains. Students can personalize our PPT slide timeline template to present their five-year career roadmaps in academic sessions. Employees can use this template in their interview presentations to demonstrate their professional plans in a concise way. 

The 5-Year Timeline PowerPoint Template consists of five rectangular boxes linked with each other through short bars. Each box illustrates the year number, and overall, the chain presents the five-year plan. Each bar has a creative speech bubble with placeholder text for the title and description. Presenters can write the significant points about the specific year in those boxes. Also, there are circular shapes with year boxes that show the infographics related to the topic. The infographics enhance the visual impact of the presentation and grab the audience’s attention. It keeps them engaged and helps professionals communicate the messages effectively. This is a single-slide template that presenters can use to make attractive presentations for executive sessions. 

The template is also compatible with all versions of Microsoft PowerPoint, Google Slides, and Keynote. Moreover, users can change the colors, fonts, and shapes used in the template to perfectly suit their needs. They can also repurpose the template to craft engaging business or career presentations . Download this template and customize it today! Also, check our collection of timeline templates and horizontal timeline templates .

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5 Year Plan PowerPoint Presentation

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Transform your long-term vision into a detailed roadmap with our 5 Year Plan PowerPoint Presentation. This professionally designed template is perfect for businesses, project managers, or individuals looking to strategically plan for the future.

Our 5 Year Plan PowerPoint Presentation includes a set of visually appealing slides that will help you outline your goals, strategies, milestones, and action plans for the next five years. Each slide is fully editable, allowing you to customize the content, colors, and fonts to suit your specific needs. With this template, you can easily communicate your long-term plan to stakeholders, teammates, or investors in a clear and concise manner.

Key Features: 1. Fully Editable Slides: Customize the content, colors, and fonts to match your brand or preferences. 2. Strategic Planning Tools: Includes slides for setting goals, outlining strategies, defining milestones, and detailing action plans. 3. Professional Design: Impress your audience with modern and visually appealing slide layouts. 4. Easy to Use: Simply add your content and start creating your 5 Year Plan within minutes. 5. Versatile: Suitable for businesses of all sizes, project managers, entrepreneurs, and individuals looking to plan for the future.

With our 5 Year Plan PowerPoint Presentation, you can stay organized, focused, and on track to achieve your long-term objectives. Whether you are presenting to your team, stakeholders, or potential investors, this template will help you convey your vision effectively and professionally. Start planning for success with our 5 Year Plan PowerPoint Presentation today.

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5 Year Plan PowerPoint and Google Slides Templates

5 Year Plan Presentation Slides

Planning ahead is key to success, and a 5 year plan is a strategic roadmap that outlines an organization's goals, objectives, and actions over a 5 year period. It is a tool for long-term planning and helps to ensure that everyone is working towards the same vision. A well-executed 5 year plan can result in increased productivity, improved performance, and growth for the organization. With our presentation, you'll discover how to create a solid 5 year plan, including setting realistic objectives, defining milestones, and tracking progress. Our template is designed to help you communicate your 5 year plan effectively, with engaging visuals and clear messages.

Features of the template:

• 100% customizable slides and easy to download.
• Slides are available in different nodes & colors.
• The slide contains 16:9 and 4:3 formats.
• Easy to change the colors of the slide quickly.
• Highly compatible with PowerPoint and Google Slides.
• Well-crafted template with an instant download facility.
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5 Year Plan PowerPoint Template

Product Description:

5 year plan presentation template.

Use this 5 Year Plan PowerPoint template to create visually appealing presentations in any professional setting. Its minimalistic design and ready-to-use features enhance your presentation slides ten folds.

The 5 Year Plan PPT template is professionally designed with the principles of vision sciences to capture your audience’s attention. Convey your message clearly with our unique set of editable infographics, icons, images, fonts, and presentation backgrounds. Download now and stand out in your next presentation with 5 Year Plan PowerPoint and Google Slides template.

Ask us to modify or edit any specific element of the 5 Year Plan template as per your need with our custom slides services. Lets collaborate to blend your ideas with our 5 Year Plan template and get the final product delivered within 24 hours.

We can also help you and your team create full-fledged presentations from scratch with our presentation services . Explore now!

Features of this PowerPoint Template And Google Slides Theme:

• 100% editable with easy-to-use features.
• Contains 4:3 and 16:9 aspect ratio suitable for all types of screens.
• Includes icons, images, graphics, and infographics to capture audience’s attention.
• Compatible with both Google Slides and Microsoft PowerPoint.
•   5-Year-Plan-PowerPoint-Template - 4x3  –  $6.99
•   5-Year-Plan-PowerPoint-Template - 16x9  –  $6.99

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If you own a company, planning a whole year can be an easy task… As long as you use our new presentation. Talk about your business, dates, analyses and use graphs and calendars to complete your information.

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FERC Takes on Long-Term Planning with Historic Transmission Rule

FERC acted today to ensure the transmission grid can meet the nation’s growing demand for reliable electricity with a new rule that outlines how to plan and pay for facilities that regions of the country will need to keep the lights on and power the American economy through the 21st Century.

Today’s rule, Order No. 1920, marks the first time in more than a decade that FERC has addressed regional transmission policy – and the first time the Commission has ever squarely addressed the need for long-term transmission planning.

“Our country is facing an unprecedented surge in demand for affordable electricity while confronting extreme weather threats to the reliability of our grid and trying to stay one step ahead of the massive technological changes we are seeing in our society,” FERC Chairman Willie Phillips said. “Our nation needs a new foundation to get badly needed new transmission planned, paid for and built. With this  new rule, that starts today.”

The grid rule adopts specific requirements for transmission providers to conduct long-term planning for regional transmission facilities and determine how to pay for them. It reflects tens of thousands of pages of comments, filed over the course of the past three years, from hundreds of stakeholders representing all sectors of the electric power industry, advocacy groups and state and other government entities. 

The rule requires transmission operators to conduct and periodically update long-term transmission planning over a 20-year time horizon to anticipate future needs. It also provides for cost-effective expansion of transmission that is being replaced, when needed, known as “right-sizing” transmission facilities. And it expressly provides for the states’ pivotal role throughout the process of planning, selecting, and determining how to pay for transmission lines.

“We need to seize this moment,” Chairman Phillips said. “Over the last dozen years, FERC has worked on five after-action reports on lessons learned from extreme weather events that caused outages that cost hundreds of lives and millions of dollars. We must get beyond these after-action reports and start planning to maintain a reliable grid that powers our entire way of life. The grid cannot wait. Our communities cannot wait. Our nation cannot wait.”

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Pfizer Initiates Multi-Year Cost Reduction Plan Targeting $1.5B Savings By 2027

Pfizer Inc. (NYSE:PFE) has launched a multi-year cost-cutting initiative aimed at saving approximately $1.5 billion by the end of 2027.

What Happened : The new program builds on a $4 billion cost reduction plan announced last year, Reuters reported on Thursday. This move comes as the company faces declining investor interest and diminishing sales from its COVID-19 vaccine and treatments.

Pfizer’s shares rose 2.6% to $29.30 in afternoon trading but remain down about 24% over the past year and nearly half of their peak value from December 2021. The company disclosed the new program in a filing with the Securities and Exchange Commission.

The program will incur one-time charges of $1.7 billion, mainly for severance and implementation costs, with most charges expected this year. Actual cash outlays are anticipated in 2025 and 2026.

Pfizer aims to enhance operational efficiencies, restructure its network, and improve its product portfolio. No job cuts have been announced yet, but further details will be shared in future earnings calls and investor events.

Earlier this month, Pfizer raised its annual earnings forecast and reported a better-than-expected first-quarter profit, partly due to cost reductions. Chief Financial Officer David Denton highlighted the strong cost control across their manufacturing platform.

See Also: Why Is Hims & Hers Health Stock Surging On Monday?

Why It Matters : Pfizer’s cost-cutting measures come at a crucial time for the pharmaceutical giant. Earlier this year, the company surprised analysts with a profit, largely driven by its efforts to revolutionize cancer treatment. Pfizer’s focus on innovative cancer therapies could be its best chance to regain investor confidence.

However, Pfizer has been grappling with reduced revenue from its COVID-19 treatments. The company acknowledged the financial headwinds it faces due to declining sales of its COVID-19 products. This has put additional pressure on Pfizer to find new revenue streams and cut costs effectively.

Price Action: On Thursday, Pfizer closed 3.64% higher at $29.60 while it was trading 0.17% lower at $29.55 on Friday’s pre-market, according to Benzinga Pro.

Read Next: This Biotech Stock Is Poised For 80% Upside With Breakthrough In Obesity Drug Market, Says JPMorgan

Photo via Shutterstock

This story was generated using Benzinga Neuro and edited by Pooja Rajkumari

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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This article Pfizer Initiates Multi-Year Cost Reduction Plan Targeting $1.5B Savings By 2027 originally appeared on Benzinga.com .