Entrepreneurship is a process and not a goal; a journey, not a destination. Being a successful owner requires you to think about the future and manage the present at the same time. It means you need to take concrete steps to secure that future as early as possible while being willing to change your plans as opportunity dictates.
One of the first things you need is a plan. You should take the time to develop a formal business plan with realistic financial projections, but any plan that maps out your objectives and gives you a way to measure your progress toward them is better than no plan. Just as it’s difficult to build a house without blueprints, it’s even harder jumping into business without an idea of where you want to end up. The beautiful thing about plans is you can fix them if they’re not working. Without a plan, you’ll be left wondering what happened.
Dispatches From The Front 