Planning Saves Time and Expense
The number one reason for failure is action without planning. People who say that they are too busy to plan in advance must be prepared for unnecessary mistakes, and great losses of time, money andenergy.
It is said that every new business start-up is a “race against time.”
From the first day, the company founders are scrambling to find a way to make more money than it costs to stay in business. If they figure out the “profit model” and begin generating revenues in excess of costs before the money runs out, the business can turn the corner and succeed. But if the money runs out before they figure out how to make more profits than losses, the company, like a plane in a dive, will crash and burn.
The Formula For Success
There is a six “P” formula for personal and business success: “Proper prior Planning Prevents Poor Performance.”
Culled from Goals by Brian Tracy
Abdulkareem, Taoheedah Kehinde
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