BUSINESS BULLET: Fail to plan, plan to fail

Planning is a vital part of running a business. Fail to do so at your peril, says Professor Colin Turner.

by Colin Turner
Last Updated: 09 Oct 2013

Over 100 businesses are forced to cease trading every single working day in the UK. Nobody starts with that plan in mind, yet seldom does a monitored plan actually exist.

It is important is that you are master of where your business will take you, and not its slave that carries you along to nowhere.

And perhaps that is the main point, because to revisit that proven worthy adage: When you fail to actually develop a watertight plan, you must be, by definition, planning to fail.

Plans do not always work out the way that we hope, but having them allows us to learn from our mistakes, to track where we went wrong. We become the people we are through learning curves. They are the furnaces in which our mettle is tempered into cutting edge steel.

Without them we remain dull iron.

Find out more about Professor Colin Turner

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