One of the most important functions of management is planning. Without it, your business will be heading to nowhere. It is said that “If you don’t know where you’re going, no road will get you there, there would be nothing to organize, no one to actuate and no need to control” When you plan, you’re said to be thinking before doing and deciding in advance what is to be done. It is concerned with how it’s to be done, when it’s to be done and who is to do it. So, let’s say that it answers the questions of what, when, and who. lua.
For me to define it for you, I will borrow the definition from Haimann who says “ Planning is deciding in advance what is to be done, when a manager plans, he projects a course of action for the future, attempting to achieve a consistent, coordinated structure of operations aimed at the desired results”
The reasons why you should a plan in your business are as follows: