• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

2

Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

3

Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers

1

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead

2

Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline

3

Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers

Here’s What You Should Ask Yourself When Developing Goals

By
Elissa Sangster
Elissa Sangster
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
By
Elissa Sangster
Elissa Sangster
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
May 19, 2016, 9:00 PM ET
550215965
Businesswoman looks across city at sunrisePhotograph by Ezra Bailey via Getty Images
Add Fortune on Google for similar content.

MPW Insiders is an online community where the biggest names in business and beyond answer timely career and leadership questions. Today’s answer for: How important is it to know where you want to be in five years? is written by Elissa Sangster, executive director of the Forté Foundation.

These days, everything moves so fast that you need to have established goals. They can be flexible, but you should have a general end game in mind. And every year, you should make adjustments to each goal to account for changes at home and on the job. Everyone’s vision of success tends to morph from year to year. So it’s really important to take the time to make sure the road you’re on is still the right one. If you’re not driving, after all, someone else might drive for you. You need to be behind the wheel of your own career.

Having a five-year plan requires some reflection on three key things:

Purpose
If you don’t know where you’re going, then you don’t know what you’re trying to accomplish. Think about your purpose. When you envision your life in one year, three years, and five years, what would you like to be doing in your career? What unique skills and traits do you have that will differentiate you? Women, in particular, keep their heads down. They tend to be more task-oriented and just focus on getting things done, rather than investing the necessary time to think about what’s on the horizon.

Path
Once you determine your purpose, you need to figure out how you’re going to get there. What are the actions you’ll take to reach your goal? Most businesses have a five-year plan. People need to plan just like organizations do. You might even want to align your five-year plan with your company’s long-term goals if you envision staying with the same employer.

See also: You Can’t Achieve Success Without This

To help chart your path, consider some key questions: Do you need to get more experience in a certain area, or multiple areas, in order to advance? Would a lateral move to another department in your company help you reach your goal? Do you need to take some evening or weekend classes or receive internal training? Do you want to go to business school to earn an MBA? Think about the end goal, your strategy, and the actions you have to take and write a step-by-step plan to get there and chart your progress.

People
Sometimes people fail to think about developing allies, mentors, and advocates who can propel them toward the next step in their careers. Identify who the critical people are between you and your goal, and include them in part of your day-to-day working plan. And if you don’t know these critical people, seek out introductions. Consider professional networks or internal employee groups—either formal or informal—you may want to join. They will provide insights so you have a better grasp on your company and industry, and will also help you make critical connections.

 

One important reason for developing a long-term career plan: It gives you something to talk about with your boss. You’ll be considered forward-thinking and as someone who wants to progress at your company or organization—not just in the next year tied to your annual review, but over the long haul.

About the Authors
By Elissa Sangster
See full bioRight Arrow Button Icon
By Bethany Cianciolo
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in

Current price of Ethereum for July 31, 2026
Personal FinanceEthereum
Current price of Ethereum for July 31, 2026
By Joseph HostetlerJuly 31, 2026
31 minutes ago
Current price of Bitcoin for July 31, 2026
Personal FinanceCryptocurrency
Current price of Bitcoin for July 31, 2026
By Joseph HostetlerJuly 31, 2026
31 minutes ago
Sports teams have gone from trophies to trillion-dollar investment targets
NewslettersTerm Sheet
Sports teams have gone from trophies to trillion-dollar investment targets
By Allie GarfinkleJuly 31, 2026
41 minutes ago
Current price of oil as of July 31, 2026
Personal FinanceOil
Current price of oil as of July 31, 2026
By Joseph HostetlerJuly 31, 2026
49 minutes ago
Current price of silver as of Friday, July 31, 2026
Personal Financesilver
Current price of silver as of Friday, July 31, 2026
By Joseph HostetlerJuly 31, 2026
49 minutes ago
Apple CEO Tim Cook on June 08, 2026 in Cupertino, California. (Photo: Justin Sullivan/Getty Images)
NewslettersFortune Tech
Tim Cook takes his final earnings call as Apple feels the supply pain
By Andrew NuscaJuly 31, 2026
58 minutes ago

Most Popular

He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
Success
He worked 100-hour weeks to save a nearly bankrupt boat company. At 83, he’s just turned down $400 million for it—and gave it all to charity instead
By Preston ForeJuly 29, 2026
2 days ago
Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
Retail
Costco's $14 million email settlement: Who qualifies for an up-to $500 payment and how to claim before the Aug. 24 deadline
By Sydney LakeJuly 29, 2026
2 days ago
Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
Real Estate
Mamdani’s pied-à-terre tax was designed to hit the wealthy, but it’s sending most New Yorkers to their estate lawyers
By Catherina GioinoJuly 30, 2026
1 day ago
Current price of oil as of July 30, 2026
Personal Finance
Current price of oil as of July 30, 2026
By Joseph HostetlerJuly 30, 2026
1 day ago
'Am I paying for the vibes?' Gen Z says it hates capitalism, but their spending patterns show they just don't like being ripped off
Retail
'Am I paying for the vibes?' Gen Z says it hates capitalism, but their spending patterns show they just don't like being ripped off
By Nick LichtenbergJuly 30, 2026
1 day ago
Tim Cook signed off on his final Apple earnings call with a warning about a ‘hundred year flood’ in memory chip pricing
Big Tech
Tim Cook signed off on his final Apple earnings call with a warning about a ‘hundred year flood’ in memory chip pricing
By Alexei OreskovicJuly 30, 2026
11 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.