A business timeline sets out the milestones for your business plan to follow as it attempts to be successful.
It’s important to find a balance between setting achievable dates to reach milestones and ensuring you’re hitting these goals at a pace which matches your growth cycle.
It is always good practice to set yourself short, mid, and long-term milestones along your timeline.
According to Achev Career Loans the business timeline can be distinguished between three lengths: short, medium, and long-term goals. Generally speaking, short-term goals are goals that can be accomplished immediately from now until a year. Medium-term goals may take from two to five years. Lastly, long-term goals are goals that may take up to ten years. Furthermore, long-term goals may be built upon short-term goals.
Once you’ve established your goals, it’s time to narrow the field to exactly what you’re going to do, and how much it will cost, including when you want to achieve it by.
Understanding your goals and quantifying and benchmarking your objectives over time will help you to measure your business timeline goals more effectively.
For more business insights, industry trends and key conveyancing stakeholder predictions, download The Conveyancing Handbook Edition 2: A Guide to Success in 2023 now.