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Pro’s and Con’s of Writing Your Own Five-Year Plan.

Writing your own five-year plan…

Have you ever considered creating a five-year plan but not sure if it will work for you?

Do not panic, as we have created our pro’s and con’s list to help you decide whether a five-year plan is right for you.

considering writing a five-year planPro’s

Plan how you want your life to go:

While you may have to adjust your plan, it is the perfect way to plan your next move. if you are the type of person who likes structure and order, then a 5-year plan may be the perfect option for you.

Provides you with goals and aspirations: 

By planning your life for the next few years you allow yourself to set goals and achievements you want to fulfil, this will give you the perfect way to strive for success and get what you want out of both your career and personal life.

Targets:

While goals and achievements are good motivators, try using smaller targets to hit over small periods. this will make each goal easier to achieve as well as feeling as if you have gotten somewhere on your way to success. Furthermore, you can also create targets that are realistic and easily achievable, guiding you towards the end of your plan, without setting a goal and not understanding how to achieve it.

setting targets

New skills and assets:

When planning for your career, the progression in your job title and responsibilities is bound to change to gain more out of your skills. Equally, if this is a part of your plan, then giving yourself a set goal for when you learn new skills will help you prepare yourself for the next step. You can never be too prepared for a new role.

What about after five years?

The big question… What happens after five years? this is the perfect opportunity to rework your plan, create a new one or press pause on your achievements and progressions. If you have achieved everything you planned to in 5 years, then create a new plan for the next step in your career.

Equally, if you haven’t managed to get to where you want to be after 5 years then there is no shame in extending the time to reach your overall goal, reworking or retiming you plan is just as important as when you first created it. Maybe hitting pause and realising what you have achieved is the perfect drive you need to hit the play button and carry on succeeding.

Keeping it flexible:

This is a great way not to put pressure on your achievements, the plan can be changed and adjusted. Furthermore, setting yourself overly harsh goals that may put a strain on you is not beneficial and can cause a lot of stress if this is the case then change your plan, adjust your goals, and make sure you can achieve the best you can. Workaround what life throws at you.

what about cons

Cons:

Now onto the negatives…

Unrealistic goals:

IT can be very easy to set unrealistic expectations on what your life will look like in the future, like becoming a millionaire in 2 months. These unrealistic goals will not only slow down your process for success but will also cause a negative reaction to the lack of achievement you have put on yourself. This means that targets and goals won’t be achieved because

  1. They are not achievable for the time you have or the work you are in.
  2. you will not feel a sense of achievement and feel discouraged leaving you feeling unmotivated.

Not aiming high enough:

Even though achievable aspirations are very important in your five-year plan, setting yourself too easily achievable goals can also have a negative impact. By setting yourself targets that push your abilities and skills you will achieve a stronger sense of achievement, more so than setting goals that can be achieved in a day. Pushing yourself is the most important element of this plan.

Life doesn’t follow a plan:

As we all know, life doesn’t always follow the path we want to go down, setbacks either professionally or personally that set you off track, equally, you may change your view on how you want to set your life and aspirations. This may be a downfall to some as if you like structure and planning you may not want to change your plan and adjust as your life is changing.

Life does not follow a plan

A false sense of security

For some of you, a 5-year plan can seem like a security measure to ensure everything goes to plan, this isn’t necessarily the best way to use your plan. by promising yourself that you will each target and you will 100% achieve everything, you are leading yourself into a false sense of security, leaving you under the illusion that your plan will work and not need to be changed. this is negative as not only may you find yourself struggling to achieve your goals but also may cause stress and anxiety if your plan isn’t going in the direction you want.

Furthering your career

Lastly, if a promotion or job advancement is in your plan for a specific time in the next 5 years, then you may want to reconsider the definite timing of it. promotions and job prospects are not always constant and may not be possible if the vacancy isn’t open. Furthermore, you may find that you are not ready for the responsibility that comes with a promotion or new job, you may find yourself putting unnecessary pressure on yourself to meet the “deadline” for this next move.

furthering your career

 

To conclude, your decision to make a five-year plan is all up to you, we have given you all our pros and cons of a five-year plan to help you make that choice. There are both positives and negatives to this type of planning but ultimately it all depends on what you want out of life and how you want to achieve that.

 

Want to find out more?

If you would like to discuss any of the details you have read in this blog; including our Developing a Growth Mindset for Success training course, please email us at enquiries@moderngov.com.

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