Plan - Goals and Planning


Planning for Success
The formula for success in business is:

        Success = Idea, product or service + know-how + labour and capital.

This means that if you have the right product or idea and that can be turned into profit with the contribution of labour, capital and knowledge, then everything should work out.

When looking at whether you have the right attitude and desire to go into business, make sure you are honest in all the areas you need to consider. This is why you need to talk to others because you may find it hard to see the problems because of your strong desire to have your own business, which can sometimes block the ability to see reason or to see the potential pitfalls. Find an adviser who will tell you the truth and not just what you want to hear.

" Self employment ...

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