A clothing wholesaler that buys most of its inventory from manufacturers in the Caribbean should have a plan in the event a hurricane demolishes the manufacturing facility of one of its principal suppliers.

contingency plan.. In other words Plan B

Three of my financial goal is to save up 20% of my salary in the bank per month. This is a short term goal because the time frame is only after every month. 
Then, save up money to start a business is somehow a long-term goal already since there are a lot of things to get through before finally reaching that goal.
Lastly, save up money for retirement. To be able to have a peaceful retirement life, one should prepare for it by not spending too much while still earning. This, of course, is a long-term goal.