Business Planning 101

Goal setting is clearly a habit of highly successful people in business and outside. Daily, weekly, monthly, yearly, five yearly successes know where they are headed, and they indeed increase their chances of getting there. All planning requires is the decision to set goals, and some hard work and thinking. Plan what you want to achieve long term and work it back so that each day you are a step closer to your target.

Established businesses have a great deal of information at their disposal, statistics about their business, client databases, all their experience and lessons so far. Entrepreneurs face uncertainty if they have no track record and limited resources.