{"id":18147,"date":"2023-11-09T00:22:09","date_gmt":"2023-11-09T00:22:09","guid":{"rendered":"https:\/\/www.growthink.com\/?page_id=18147"},"modified":"2025-10-06T11:34:18","modified_gmt":"2025-10-06T11:34:18","slug":"business-plan-timeline","status":"publish","type":"page","link":"https:\/\/www.growthink.com\/businessplan\/help-center\/business-plan-timeline","title":{"rendered":"How to Create a Business Plan Timeline"},"content":{"rendered":"<style>\nul>li {\n        padding-bottom: 20px;\n    }\nol>li {\n        padding-bottom: 20px;\n    }\n<\/style>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-18148\" src=\"\/wp-content\/uploads\/business-plan-timeline.png\" alt=\"business timeline\" width=\"1200\" height=\"530\" srcset=\"https:\/\/www.growthink.com\/wp-content\/uploads\/business-plan-timeline.png 1200w, https:\/\/www.growthink.com\/wp-content\/uploads\/business-plan-timeline-300x133.png 300w, https:\/\/www.growthink.com\/wp-content\/uploads\/business-plan-timeline-1024x452.png 1024w, https:\/\/www.growthink.com\/wp-content\/uploads\/business-plan-timeline-768x339.png 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Below you will learn what a business plan timeline is and where it belongs in your business plan.<\/span><br \/>\n&nbsp;<\/p>\n<h2><b>What is a Business Plan Timeline?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">A business plan timeline lays out the key milestones you hope to achieve in your business and when you plan to accomplish them.\u00a0<\/span><br \/>\n&nbsp;<\/p>\n<h2><b>The Importance of a Timeline<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In running a business, it is very easy to get caught up in day-to-day activities and putting out fires. When you do this, unfortunately, it\u2019s hard to grow your business. Having a timeline that lists your key goals forces you to spend time each day, week, and month to work on key growth initiatives.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, if you are seeking funding, investors and lenders need to understand these milestones and your projected dates for accomplishing them. This helps give them confidence that you will successfully execute your plan.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, having a timeline helps you better prioritize your time and hire the right people at the right time.<\/span><br \/>\n<center><\/p>\n<div class=\"relatedpost\" style=\" width:85%; background-color: #e6e6ff ;  padding-bottom:0px\">\n<p id=\u201ccta\u201d><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" class=\"bi bi-exclamation-circle-fill\" viewBox=\"0 0 16 16\">\n  <path d=\"M16 8A8 8 0 1 1 0 8a8 8 0 0 1 16 0zM8 4a.905.905 0 0 0-.9.995l.35 3.507a.552.552 0 0 0 1.1 0l.35-3.507A.905.905 0 0 0 8 4zm.002 6a1 1 0 1 0 0 2 1 1 0 0 0 0-2z\"\/>\n<\/svg>   <b>Finish Your Business Plan Today!<\/b><\/p>\n<p>If you\u2019d like to quickly and easily complete your business plan, download <a href=\"https:\/\/businessplantemplate.growthink.com\/plan\/?utm_source=business-plan-timeline&#038;utm_medium=growthink&#038;utm_campaign=seo\" target=\"_blank\" re=\"nofollow\">Growthink\u2019s Ultimate Business Plan Template<\/a> and complete your plan and financial model in hours.<\/div>\n<p><\/center><\/p>\n<h2><b>Where Does the Timeline Go in the Business Plan?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The timeline belongs primarily in the Operations Plan of your business plan, however, you may include some highlights within the <a href=\"\/businessplan\/help-center\/business-plan-executive-summary-tips-killer-executive-summary\">Executive Summary<\/a> as well.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Using the established key milestones you have created, you will now assign a timeframe to those milestones to show when you expect to reach each milestone. Remember, use historical data and be realistic in your timeline so that you can meet these goals.<\/span><br \/>\n&nbsp;<\/p>\n<h2><b>What Should Be Included in the Timeline?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Your business is currently at point A. Where you want to go is to point B. Now getting from point A to point B requires you to complete milestones.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And the most important ones are what I call \u201crisk-mitigating milestones.\u201d These are the milestones that help eliminate the risk of your company failing.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some examples of &#8220;risk mitigating milestones&#8221; may include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Finding a location for your business, store, warehouse, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Getting the permits and licenses<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Building the facility\/store<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hiring and training staff<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">New products and services introductions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Store opening date<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Key employee hires<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Revenue milestones (date when sales exceed $X, when sales exceed $Y, etc.)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Key partnerships executed<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Key customer contracts secured<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Key financial events (future funding rounds, IPO, etc.)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As an entrepreneur or small business owner, it is your job to identify your risk-mitigating milestones and prioritize them so that you can take steps each day toward the larger business goals.<\/span><br \/>\n&nbsp;<\/p>\n<h3><b>How to Create &amp; Prioritize Your Milestone List<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Create your detailed risk-mitigating milestone list first. The goal should be to list approximately six major milestones in the next year, five milestones in the following year, and so on for up to five years (so include two in year 5).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can use this as a &#8220;To Do&#8221; list and ensure you achieve your goals each day, week, and month, further developing your business strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Next to each milestone, include the expected timeframe, due date, and the budget you will need to attain them. For example, you may want to launch a billboard marketing campaign over a 6-month period (Expected Due Date: 6\/30\/2022), and the expected cost is $18,000.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After you create your milestone list, you need to prioritize them. Decide on which milestones you should achieve with the initial funding if needed. Ideally, these will get you to the point where you are generating revenues or profits. This is because the ability to generate revenues significantly reduces the risk of your venture; as it proves to lenders and investors that customers want the products and\/or services you are offering.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By setting up your milestones, you will figure out what you can accomplish for less money. And the fact is, the less money you need to raise, the easier it generally is to raise it (mainly because the easiest to raise money sources offer lower dollar amounts).<\/span><br \/>\n&nbsp;<\/p>\n<h2><b>How to Develop a Timeline For Your Business Plan<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">You\u2019ve already completed the hard part.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, it\u2019s time to schedule your milestone list and convert it into a timeline format to give you a quick visual reference. Be sure that your timeline includes all the milestones that you\u2019ve deemed a priority.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are many businesses that prefer to develop Gantt charts, while others may prefer a calendar, Excel sheet, or another preferred format. Choose the format that works best for you.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There are several format options and platforms to choose from if you do a quick search for \u201c<a href=\"https:\/\/slidemodel.com\/templates\/category\/powerpoint\/timelines-planning\/\" rel=\"noopener\" target=\"_blank\">create a timeline online<\/a>.\u201d However, keep in mind that it\u2019s not how pretty the timeline is, it\u2019s about functionality and the ease of use to track the progress of all the tasks completed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are a couple of options:<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.slideteam.net\/media\/catalog\/product\/cache\/960x720\/q\/u\/quarterly_roadmap_timeline_for_business_plan_slide01.jpg\" alt=\"quarterly roadmap timeline for business plan\" width=\"960\" height=\"720\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Source: <\/span><span style=\"font-weight: 400;\">SlideTeam<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This one-page timeline is a downloadable template that is clean and easy to read and follow. While it doesn\u2019t have all the details on this one page, it has enough information to help business leaders understand if the team is on track.<\/span><\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/img.officetimeline.com\/website\/Content\/website\/online-general\/slider\/branded-timeline-made-with-online-timeline-software_large.png\" alt=\"5 year plan\" width=\"1024\" height=\"560\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Source: <\/span><span style=\"font-weight: 400;\">Office Timeline<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is a PowerPoint Presentation add-in that allows you to create a custom Gantt chart with your Microsoft Office account. While the chart above says a 5-year plan, note that they did not include the parts of the milestones beyond Year 1. This may be to reduce clutter and keep focused on the near-future goals.\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cdn.ganttpro.com\/statics\/media\/images\/main\/first_screen\/first_screen_pic.png\" alt=\"gantt chart\" width=\"2280\" height=\"1102\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Source: <\/span>GanttPro<\/p>\n<p><span style=\"font-weight: 400;\">This Gantt chart online platform offers another alternative allowing you to assign tasks to others on your team and monitor their progress all in one place. It also tracks the time to complete each task so that you can better schedule in the future for similar projects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These are only a few of the platforms available online to create an amazing timeline for your business plan. In the beginning, it may be a lot of work to set up, but once you obtain the funding you are seeking, it\u2019ll be well worth the time and effort.<\/span><br \/>\n<center><\/p>\n<div class=\"relatedpost\" style=\" width:85%; background-color: #e6e6ff ;  padding-bottom:0px\">\n<p id=\u201ccta\u201d><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"16\" fill=\"currentColor\" class=\"bi bi-exclamation-circle-fill\" viewBox=\"0 0 16 16\">\n  <path d=\"M16 8A8 8 0 1 1 0 8a8 8 0 0 1 16 0zM8 4a.905.905 0 0 0-.9.995l.35 3.507a.552.552 0 0 0 1.1 0l.35-3.507A.905.905 0 0 0 8 4zm.002 6a1 1 0 1 0 0 2 1 1 0 0 0 0-2z\"\/>\n<\/svg>   <b>Finish Your Business Plan Today!<\/b><\/p>\n<p>If you\u2019d like to quickly and easily complete your business plan, download <a href=\"https:\/\/businessplantemplate.growthink.com\/plan\/?utm_source=business-plan-timeline&#038;utm_medium=growthink&#038;utm_campaign=seo\" target=\"_blank\" re=\"nofollow\">Growthink\u2019s Ultimate Business Plan Template<\/a> and complete your plan and financial model in hours.<\/div>\n<p><\/center><\/p>\n<h2><strong>Conclusion<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">By creating a timeline as early as possible in the business planning process, you can begin to establish realistic goals that can help improve day-to-day decision-making and boost confidence among current and potential stakeholders.<\/span><\/p>\n<h2 style=\"padding-top: 20px;\">Other Helpful Business Plan Articles &#038; Templates<\/h2>\n<div class=\"free-business-plan-articles-flex\">\n<div class=\"column\"><a href=\"\/products\/business-plan-template\" title=\"Use This Simple Business Plan Template\"><img decoding=\"async\" class=\"aligncenter\" style=\"height: 135px;\" src=\"https:\/\/www.growthink.com\/wp-content\/uploads\/business-plan-template-growthink.png\" target=\"_blank\" alt=\"Business Plan Template\" width=\"300\"\/>Business Plan Template &#038; Guide For Small Businesses<\/a><\/div>\n<div class=\"column\"><a href=\"\/how-to-write-a-business-plan\" title=\"How To Write A Great Business Plan\"><img decoding=\"async\" class=\"aligncenter\" src=\"\/wp-content\/uploads\/how-to-write-a-business-plan-to-secure-funding-thumb.png\" target=\"_blank\" alt=\"How To Make A Successful Business Plan\" width=\"300\"\/>How To Make A Successful Business Plan<\/a><\/div>\n<div class=\"column\"><a href=\"https:\/\/www.growthink.com\/5-year-business-plan-template\"><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.growthink.com\/wp-content\/uploads\/5-year-business-plan-template.webp\" target=\"_blank\" alt=\"5-Year Business Plan Template\" width=\"300\"\/> 5-Year Business Plan Template <\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Below you will learn what a business plan timeline is and where it belongs in your business plan. &nbsp; What is a Business Plan Timeline? A business plan timeline lays out the key milestones you hope to achieve in your business and when you plan to accomplish them.\u00a0 &nbsp; The Importance of a Timeline In [&hellip;]<\/p>\n","protected":false},"author":29265,"featured_media":18148,"parent":8361,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"class_list":["post-18147","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.7 (Yoast SEO v26.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Develop a Business Plan Timeline | Growthink<\/title>\n<meta name=\"description\" content=\"Learn how to establish your milestones and create a business plan timeline to track your progress to making your business a success.\" \/>\n<meta name=\"robots\" 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