Planning in Business
Planning is required in every endeavour involving goals and targets, and especially in business. Remember, however, that there is a clear difference between a plan and a wish. Everybody alive can dream and wish, but it takes deliberate, practical, realistic efforts to plan.
You should always ask yourself: What type of business are you dreaming of? What height would you like to attain in your business in five, ten or twenty-five years to come? The future that you picture in your mind for your business has the power to compel you to start planning.
Planning can be a tough task to carry out, as several factors can militate against it if you leave room for them. It is fundamental, when planning, to disregard your present situation, previous failures and past negative experiences. Pay attention to them only to the extent that you are learning lessons and applying such lessons to the betterment of your business’s future. Forget about your age as well. Remember Ray kroc who believed at the age of 52 that his best was yet to come. So, draw up a plan for your business, and work towards realising it, regardless of any mitigating circumstances.
The advantage of knowing what business you would like to do and picturing yourself and the business in the distant future is that it gives meaning to your short-term goals and gives you a drive to plan the business. Planning makes you maximize the best out of any business you want to start, as it guides you to concretely and practically map out procedures for achieving the needed success in your business.