ENTREPRENEURSHIP

Detailed explanation-1: -A strategy is defined by Merriam-Webster as “a careful plan or method for achieving a particular goal usually over a long period of time.” So, strategic planning is meant to achieve something for the bigger picture.

Detailed explanation-2: -An important aspect of setting long-term intentions is creating an action plan, which is a checklist that details all the steps and tasks that are necessary to complete before you can achieve a specific goal. The action plan serves as a timeline of each step and can help you estimate when you’ll reach your goal.

Detailed explanation-3: -A long-term goal is something you want to accomplish in the future. Long-term goals require time and planning. They are not something you can do this week or even this year. Long-term goals are usually at least several years away. Sometimes it takes many steps to complete a long-term goal.

Detailed explanation-4: -Before that, let’s go over a few examples of long-term goals: Career goals: “Build a profitable business”, “Turn your passion into a career.” Academic goals: “Get a Bachelor’s degree”, “Get a Master’s degree abroad.” Personal development goals: “Learn a foreign language”, “Travel on all 7 continents.”

Detailed explanation-5: -Getting a PHD, becoming your own boss and writing a book are examples of long term goals, and whether it is a career, financial or even a personal growth objective, achieving one won’t be easy.