“Small deeds done are better than great deeds planned.” - Peter Marshall
Planning, as a prima facie is the base for any successful venture. Good plans shape good decisions. Without planning we cannot achieve success. A business plan is the blue print of our activities. It must be drafted carefully. Planning is required at every stage of business and every entrepreneur start business with one or many plans. Unless we have definite, clear-cut goals, we may not be able to realize the maximum potential that lies within us and we might encounter failures. Actually, it happens when our plans do not get matured. The disappointment we face makes us realize the strong need to understand the reasons of failures. While making a plan we must take all parameters into consideration that can become hindrance in our endeavors.
Besides a strong business plan, a strong initiation is required to get success. Without initiations all plans get buried in the stack of files. Humans have a general tendency of wait and watch. People hesitate to go ahead in business. They always have a fear of risk involved and keep waiting for others to initiate. If others get success, they will carry out the plan else they will abandon the process. But one must understand that success and failure depends on individual way of doing things. Initiation needs courage. Therefore, if our plans do not get materialized, we must give importance to time management. Doing right thing at right time produces right results.
Another reason for failure of a plan is weak execution. When a plan is developed, major focus is given on what to do, where to do and when to do but the most vital aspect – how to do is generally ignored. At the planning stage itself, a strategy is to be framed for execution of plan. An execution strategy is developed like a flow chart using all sequential and logical conditions. When a strategy is developed, it has to be brought into action. Action is the key strength of execution. Each plan during execution phase is to be divided into small segments and a time line is to be assigned to each segment. Thus, controlling and monitoring each activity becomes easier as the entire process is split into phases and independent segments. Assigning roles and responsibilities of key persons becomes convenient under this type of model. If one small segment fails or creates problem, it does not affect the entire process and the issue can be resolved without delaying in other activities. Organizations can handle multitasking with this approach. For a smooth execution of a plan two major areas are to be focused, availability of resources and training of the team involved in execution process.
PIE is the foundation of any successful organization. Therefore for every Plan an Initiation to Execute is required.