Why 5 Year Plans are Bullsh*t
Summary
- I believe sticking to rigid 5 or 10-year plans can limit your potential. If you easily hit your long-term plans, they might have been too easy or unambitious.
- To make a real impact or change an industry, be ready to adapt. Things will change, and you need to make decisions based on real-time market and economic shifts.
- Listening to your customers is crucial because their needs and wants change in real-time. It's important to prioritize these changes over strict adherence to long-term plans.
- Consider agile planning that allows for flexibility and quick decision-making in response to changes around you.
- Dream big and think beyond conventional planning to achieve amazing results. Adapting to the unexpected is a key part of succeeding.
Video
How To Take Action
I would suggest implementing agile planning in your business or personal growth journey. Start by setting short-term goals that you can adjust as needed. This way, you're not locked into a rigid 5 or 10-year plan that might not fit your future needs.
A good way of doing this is to regularly gather feedback from customers or peers. This helps you understand their changing needs and adjust your strategies in real-time. Make it a habit to ask for feedback after every major interaction, and use that information to make improvements or changes.
Stay ready to adapt. The market and economy are constantly shifting, so practice making quick decisions. You could do this by staying informed about trends and being proactive rather than reactive.
Remember to dream big and think beyond conventional planning. Allow yourself the flexibility to go after amazing opportunities that might not have been on your original radar.
Finally, don’t be afraid to change course if something isn’t working. Give yourself permission to pivot when necessary. This mindset will help you succeed no matter how unexpected challenges arise. Embrace the unexpected and let it drive innovation and growth.
