Entrepreneurship
Having a 10-Year Plan Is a Bad Idea. Here’s Why — and What You Should Do Instead.

Opinions expressed by Entrepreneur contributors are their own.
“Everybody has a plan ’till they get punched in the mouth,” Mike Tyson famously said in 1987. History teaches us that we will face conflict when we don’t plan and often when we do. Over 60 years ago, President Dwight D. Eisenhower said, “Plans are worthless, but planning is everything.” We learn valuable information during the exercise of planning and not just the understanding that even the best plans can and will change.
When planning for your business battles, do you ever really know what is ahead, and most importantly, what to do? Strategic planning can help create mechanisms and mindsets to allow you to respond to the battles ahead, but it is not a one-time thing or a “set it and forget it” activity.
It is a plan that shows the way forward for your business, spelling out your company’s goals and why they are important. It can also guide you by outlining things to consider when responding to opportunities and challenges.
Related: Why Having a Strategic Plan for Your Business Is Essential
Why are long-range strategic plans not realistic?
I believe in one- and three-year strategic plans and re-establishing them each year. Just keep in mind that a strategic plan is a roadmap for a company to achieve its goals. It’s also a tool to unite your teams, motivating them with clarity, direction and focus.
Not that you wouldn’t want to have a list of items you want to achieve long-term (I do have one), but because we live in a world that is changing faster and faster, we must adapt our plans in an agile way and harness the power of technology and systems to help us.
Companies need to be fluid and mobile. In a changing world, the future is no longer easy to predict based solely on the past. What we need is a strategy that breaks away from the old three-ring binder plan already starting to gather dust on the shelf and instead devises one that is adaptive and directive.
This is why the one-to-three-year timeframe helps and why a 10-year timeframe is obsolete before it even begins.
Related: 5 Actionable Strategic-Planning Tips To Boost Business Efficiency
What should strategic goals align with?
If strategic goals are your long-term objectives, operational goals — or, as we call them, lead measures — are the daily milestones that have to be reached to achieve them.
While aligning your business goals with your strategic goals can be hard to do every year, we must make an effort. Don’t forget that the actions you take each day should mostly roll up to achieving your goals.
For our franchise brands and us, our three main goals each year are franchisee success, revenue and profit. Each brand determines success, but revenue and profit numbers change each year. What’s important is to have your main strategic goals supported by lead measures — actionable items you will do each day and week that will lead to accomplishing the goal.
So, for example, if you are a salesperson and have a goal of $XXX sales this year (revenue), what do you need to do to make those sales?
Look at your sales funnel to determine the steps and the quantity of each step you need to make your goal: how many leads or prospects; how many points of contact, calls, presentations, discovery days and follow-up calls; or how many applications?
Related: How to Fall in Love With Strategic Planning
How do I prioritize goals and to-do lists?
One recipe for disaster is never doing the most important things and always doing the urgent things. While balancing them, you should stay focused on the most important goals.
It’s not about “to-do” lists or checklists — it’s about your goals. The only thing worse than not having goals is having too many goals. I believe that three primary goals per year and two to three lead measures for each are good.
While there are set goals and trackable lead measures, don’t forget that there’s never only one way to get something done; there are multiple ways.
So, encourage your team members to do what they feel is right. Find out what they want to do rather than just telling them what you would do to achieve it. Weaving that strategy into your planning together will help you get better results.
In The Power of Positive Leadership, author Jon Gordon famously advised us not to focus on the numbers. We must trust the process, and when we keep doing things the right way, the numbers will eventually rise, those wins will come, and the desired outcomes will occur.
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Entrepreneurship
5 Steps to Expand Your Vision and Start Living Your Dreams

Opinions expressed by Entrepreneur contributors are their own.
Have you ever settled for less than what you wanted, avoided risks and played it safe? Maybe you had big dreams and ambitions but later convinced yourself that they were too unrealistic or you couldn’t achieve them.
It’s normal to feel this way, but settling for less than what you genuinely want can lead to a life of regret and unfulfillment. Pursuing something you’re passionate about can be gratifying and fulfilling, even if you don’t ultimately achieve your goal.
Entrepreneurship
Learn to Build a ChatGPT Bot for Only $30

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.
ChatGPT has already been called the smartest AI chatbot released, and it only took five days for the chatbot to accrue a million visitors. AI might be poised to change everything, but you could also learn how to use it for your own business.
The 2023 Ultimate AI ChatGPT and Python Programming Bundle shows you how to build your own ChatGPT AI bot, learn to code, and more. If you want to see what AI can do for your business, grab this course bundle for only $29.97 during our Spring Digital Blowout.
ChatGPT can help you write in a variety of coding languages. Python 3 is used to write code for machine learning and AI, and you can start learning the basics in Python 3: From ZERO to GUI Programming.
Once you have some expertise with Python, start learning to use Python Tkinter, a tool that you can use to program your own ChatGPT bot. Hugo Ferro teaches Python Tkinter from Beginner to Winner, a one-hour course that can help you explore the best practices for coding and learn about event-driven programming.
When you’re ready to create your own ChatGPT AI bot, there are two final courses to take to show you how it’s done. One will walk you through creating multiple Tkinter projects, while the other shows you how to correct your code. You may not be a master of Python yet, but you also might not have to be: open your OpenAI account and ask ChatGPT to correct your code for you.
Enhance your skills and learn how to build an AI chatbot that does what you want with the AI ChatGPT and Python bundle on sale for $29.97 (Reg. $2,786) through April 3 at 11:59 pm PT.
Prices subject to change.
Entrepreneurship
If You Have a Business, You Have Passwords to Manage

Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners.
Working your way up to starting your own business is challenging, so it makes sense that many early startups are lean in terms of size and resources. While an IT team might be limited, the need for security and reliability remains as important as ever.
Enter Dashlane. Dashlane helps streamline data security for companies of all sizes. It’s a password management platform that is trusted by over 20,000 companies — and for good reason: Dashlane keeps users’ data private and safe with best-in-class security.
Dashlane encrypts all customer data with AES-256 encryption—the first open-cipher approved by the NSA to be made accessible to the public that protects information at a “Top Secret” level. Dashlane also uses ARGON2, cutting-edge cryptography features, and automatic user-vault updates to keep your data as safe as possible.
When you set your team up with Dashlane, you’ll save time and energy with easy deployment, end-to-end protection, and compatibility with G Suite, Microsoft, and several other identity providers. You’ll also get proactive breach notifications for everyone in your organization, and you can ensure maximum protection through effortless 2FA enforcement.
There are many examples of how your Dashlane membership will save you and your business time. With Dashlane, you can access and manage all of your passwords in one place. You can share unlimited passwords without actually revealing them, and you can access accounts easily with seamless autofill features. A user can also store financial, medical, and personal information in their Dashlane vault.
With its never-been-breached record, Dashlane maintains impressive average ratings of 4.5/5 stars on Trustpilot from over 4,000 reviews and 4.5/5 stars on the Google Play store from more than 175,000 reviews. It was also named App of the Day on the App Store.
For more specific success stories, head to Dashlane’s website and learn how it helped organizations like Mercy Medical, which reported that it sped up access to its systems by 60 percent after signing up while improving both cybersecurity posture and HIPAA compliance. You also might enjoy the excellent case study chronicling how Dashlane helped RevGenius reduce its offboarding risks.
Looking to try Dashlane for your business? Start a free trial today.
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