Failing to plan is planning to fail” is more than just a saying—it’s a powerful reminder that success starts with preparation. Whether you’re setting personal goals, managing time, or building a business, planning gives direction and boosts your chances of success. In this article, we break down why planning matters and how to apply it in daily life.
Businesses don’t plan to fail, most just fail to plan. Regardless of your industry, line of business, or sector; having a strategic plan in place is critical to business success. A book called “Fail Safe Planning”, By: Rick Munson has been identified to be an ideal choice in helping companies to discover their true path to success and to fine tune their business strategies into a comprehensive plan for future growth and wealth.
No one sets out planning to fail, but sometimes too many priorities, coupled with limited time to plan or self-discipline results in an outright failure. You may think this one is pretty self-explanatory, but often it is the common-sense things that require the most explaining.
Whereas “Failing to plan is planning to fail” may be a just quote, reportedly by Benjamin Franklin; that is much close to being very right because if you don’t plan out your future well, you should not expect to achieve success, thereafter.
Plans, though, by themselves may not guarantee success. They need to be backed by focused effort. Even big organizations are not immune from problems and failures in the implementation of their plans, which often results in huge financial losses and loss of markets.
Business plans may fail for many reasons, some of which are listed for you below:
- Setting unrealistic goals
- Frequent changes to the original business plan
- Unforeseen events, e.g. wars or sickness outbreaks
- Unexpected changes in the macro environment
- Time constraints
- Lack of expertise and skills
- Unrealistic expectations
- Improper planning
- Lack of self-discipline and control
- Industry dynamics
Solution: Business goals must be realistic, precise, measurable and achievable, otherwise, they may not be translated into actionable plans or achieved with certainty. Remember, every day we decide who we are going to be by the plans as-well-as the actions we take!
Courtesy of: Mark Brundage CBDO-SCG
The article above is very informative and provides valuable insights into the importance of strategic planning in the business world. The author clearly emphasizes that failure often occurs not due to intent, but because of a lack of thorough planning. The article above is very informative and provides valuable insights into the importance of strategic planning in the business world. The author clearly emphasizes that failure often occurs not due to intent, but because of a lack of thorough planning.
A very interesting article. I got it saved…