IMPORTANCE OF PLANNING

Definition “A process concerned with defining goals and deciding on the task and resources to be used in order to achieve the goals” OR “Planning is the time-bound utilization of limited resources for meeting the needs on a priority basis” Planning is all about creating advantageous circumstances for oneself later in life. Planning is an important process that helps one in developing his goals for his future. Remember, if you are not planning for success, you are planning for failure. This means that to achieve success, planning is a must for everyone. Planning can be both long term and short term. In life, there are always goals that need to be accomplished earlier than some goals that can be pushed back for later in life. For early goals, there is short term planning and for later goals, there is long term planning. Action Plan Depending on the goal, Action Plans could be a daily, weekly, monthly, quarterly, yearly or any other suitable time frame....