Subscribe to Entrepreneur for $5
Subscribe

How to Build a Personal 10-Year Plan

For a business owner, it could be the difference between making a profit and elusive success.

By
Opinions expressed by Entrepreneur contributors are their own.

Young or old, stable or in transition, starting a new business or trying to find an exit strategy for a mature business, building a 10-year plan can give you a significant edge in living a happier and more fulfilling life. More specifically, for a business owner, it could be the difference between making a profit and harnessing your passion or losing years of your life as success continually remains elusive. The primary objective should be to take control of your future and not to simply be reactive and take what life throws at you.

andresr | Getty Images

If you don't have a written, passionate vision of your future 10 years from now, what are you even doing and why? Have you really thought through your activities right now and what the long-term ramifications will be?

4th of July Subscription Sale - Unlock this subscriber exclusive article and more for 20% off today.

Access all Entrepreneur content with no ads, unlock discounts, and get exclusive advice only available to our subscribers. Plus, our magazine delivered straight to your door.

Get 20% off an annual subscription today. Just use code SAVE20 at checkout.

Entrepreneur Editors' Picks