The answer is business plan. Milady's definition matches the question word for word: a business plan is a written description of your business as you see it today and as you foresee it in the next 5 years.
The book emphasizes that a thorough, well-researched business plan follows the business throughout its entire lifecycle, from start-up through many years of operation. A written agreement, brand identity, and benchmark are all real business concepts covered elsewhere, but none of them is defined with this specific present-and-5-year framing.
Milady Standard Barbering, 6th ed., Ch. 21 (The Business of Barbering), p. 759: "A business plan is a written description of your business as you see it today and as you foresee it in the next 5 years."
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