Planning offers directions With the plan, I always know I am well equipped to execute the plan successfully. I feel that life seems to be much easier since I plan my tasks with such tools. When people plan before launching a business, they avoid many pitfalls that others do not anticipate. Learn how your comment data is processed. When you sit down and make the time and effort to plan your life, you will identify what is important to you. This is evident in the many failed new years resolutions we all somehow were unable to achieve be it an exercise regime, a diet change or a new skill to be acquired. You also know from experience that the tougher the task, the more satisfaction you get. Even though insurance covers risk, planning eliminates or reduces it. This would be a good time to tell you that even if your plans don’t work out all the time, it is better to start a project than do nothing. Below is a list of top 10 reasons why planning your life is vital. Here are six reasons why business planning is so important: 1. There’s an online community specially created for you to get all the motivation and vibes you need to succeed as a student. As a business school student, likely working full-time, chances are youâll realise the value of effective and strategic business planning. Planning maps out the process needed to achieve your goals in life. Even if this is solely about your life, you cannot do everything by and for yourself. It doesn’t matter how many goals you set, you cannot do it alone. The important goal or aim of retirement planning is to have a secure and financially independent retired life during your golden years. Retirement can last a lot longer than you think. Sorry, your blog cannot share posts by email. Planning takes into account a lot of things and reduces wastage as much as possible. âPlanning is bringing the future into present so that you can do something about it now.â â Alan Lakein. With many businesses failing within their first few years, a sound plan is like a compass to navigate through the obstacles. Yes, it happens. Personally I prefer to use digital tools designed for planning like kanban tool which helps me enough to understand the importance of time at work. Every plan you make is a glimpse into the future. With consistent practise, planning helps you to get better at the daily tasks you perform since you’re always found stimulating your brain. Top 50 Inspirational Blogs, Websites & Influencers in 2020 at Feedspot, Blogger, digital marketer, personal growth & positivity enthusiast. 1) To set direction and priorities: First and foremost, you need a strategy because it sets the direction and establishes priorities for your organization. However, you can plan the huge task in such a way that it will look like tiny bits of tasks. Professionalism cannot be overlooked either in business or in life. A life plan is really just meant to be general summary of where you are now in all the areas that matter to you, where you want to improve and what youâd like your life to look like in the future. It reduces or eliminates excesses that would have occurred without planning. Planning helps you to not only break the goal into smaller bits, but it also helps you assign each task to delegates. As Alan Lakein quote says “planning is bringing the future into the present so that you can do something about it now”. It breaks down your giant goal into tiny objectives so that each small bit can be achieved one after the other until the goal is achieved. If you are not yet âsold,â read on. Retirement plans are also referred to as the pension plans and are the investment plans wherein one needs to invest a part of the savings to accumulate over a period. Organizing is a process of arranging things and keeping them into order. Financial planning is important for each and every one of us and we should take it more seriously to better shape and safeguard our futures. Donât be scared off by the title. This is important for those with the ability to make decisions now, to consider a time when they may not be able to make such decisions in future. You’re welcome, Margo. When you finish a task or run a business with a professional outlook, people will tend to appreciate what you do. Planning will make you identify what is important and what exactly you don’t want. Planning ahead can help you receive the care you want, and can also help to make things easier for your partner and family when you're nearing the end of life. I know I certainly donât. Planning helps to prevent this kind of situation and if such arises, an alternative plan will help you get back on track faster and easier. 1. Proper planning helps employees at a company know what they should be trying to accomplish. Financial Planning through Insurance. Planning also teaches you to say “no”. Planning, checking, adjusting and planning again is all part of the process of creating the result that you want. If you want to have a feel of the future, plan. The key intent is to provide financial security during the golden phase of life that is retirement. Planning allows you to know where you â¦ We all run into problems once in a while and it will do you good to know that most of the problems you run into could have been avoided by proper planning. It is â¦ Plan anything and everything and imperfections will drastically reduce. Related: 7 Things To Say âNoâ That Will Improve Your Everyday Productivity And Achieve More In Life Planning allows for the planner to sift out any distraction towards the original plan and to keep focused on the main plan. It orients you in the proper direction you are to follow. Planning serves as a yardstick to measure your success when you compare your expectations with the actual performance. 27 Online Jobs for College Students Without Experience To Earn Money, 32 Mind-blowing Ways To Improve Your Emotional Intelligence, 11 powerful ways to manage your time effectively, 10 things to do when unemployed and bored, 22 simple ways to increase your intelligence, The ultimate guide to being strong and fearless: 12 tips, Master how to make your life better with these 10 secrets, if you still fail at it, it’s not the end, run a business with a professional outlook. You have to first look at the big picture. This is obvious in many failed projects, failed governance, failed New Year resolutions, failed examinations and even failed lives. The phrases “had I known?” and “what if?” would have been dealt with proper planning. Planning is also used widely when planning ones budget. Lack of planning leaves all development or lack thereof, up to market forces. Planning is preparing a sequence of action steps to achieve some specific goal. You must have noticed that the most efficient people are the people that take their time to plan. Risk comes with everything we do in life and the higher the risk, the higher the possible reward. Planning is important in management because it allows managers to use resources efficiently and prepare for the unexpected. There is nothing scarier than the fear of uncertainty. It is highly relevant to say that planning can be closely associated with having proper time management as it encourages the planner to set aside a reasonable time for a specific task before moving ahead to the next. Good afternoon. Read: 22 simple ways to increase your intelligence. Planning is important in management because it allows managers to use resources efficiently and prepare for the unexpected. Why? You will not only get to the target but could also, Once you take your time to get it right, and you follow through with the right plan, you will. Apart from this fact, you grow confidence along with being focused. It gives you, 2. 1. Many may view planning as a bore and it may seem like an âinconvenientâ step. Article by surbhi jalan, June 28, 2014. In many cases market forces will dominate a â¦ By Steven D. Peterson, Peter E. Jaret, Barbara Findlay Schenck . You will... Planning provides you with a road map to get to your destination. Its purpose is to find solutions for the use of land and public domains, environmental protection, infrastructure, supply network, and many other segments which make a city functional and operational. Top 30 Youngest Billionaires In The World Under 40 (2020), 25 Ways On How To Remember Things And What You Read Fast, 20 Valuable Life Lessons You Can Learn From Your Competitors, 120 Best Zig Ziglar Quotes To Have Everything In Life, 141 Best Romantic Good Morning Love Quotes For Her, 180 Vulnerability Quotes That Will Inspire You To Live Life To The Fullest, 150 Walking Away Quotes And Move On From A Relationship. End of life planning . âPlan your work for today and every day, then work your plan.â â Margaret Thatcher. There are at least seven reasons why I believe this is important: A life plan will help you clarify your most important priorities. Have to admit that I really like the article Planning is important, especially at the workplace where every single second depends on You. More importantly for people in private jobs, a proper plan for retirement would help you determine retirement income goals, and then design an achievable path to enjoy the benefits. This site uses Akismet to reduce spam. Planning has been proven to assist the planner in experiencing an increase in productivity and efficiency in a company or social life. With a solid plan in place, you know what is important to you and what is not. Getting stuck in the savings mindset. Planning helps you to set your priorities right, There is no sense in knowing you are going from A to B without, It doesn’t matter how many goals you set, you cannot do it alone. There are many reasons. Planning also gives you knowledge about the project, task or even life itself. Try using significant project milestones in your weekly planning but for daily planning break each milestone down into the necessary components and plan the completion of those components on a daily basis. Purpose, goal or project, whatever you want to call it, planning helps you... 2. Connect with me here on. The result of all these become productivity. You wouldn’t take all the effort to plan and not execute it. That's because a will makes known what your intentions are for distributing your assets. In conclusion, planning is the map while the action is the process and the result is SUCCESS. Plan constructively, execute meticulously and get inevitable success. It may sound ominous, but creating a life plan â¦ Without a plan, you will not only get yourself bored, but you will also lose the fulfilment of reaching the goal. Here are five reasons why planning is an important life skill and is something everyone should try to implement into their everyday lives. Setting your goals and planning how to reach them is essential in nearly every one of life's endeavors. Even though these professionals routinely create financial plans for their clients, most had never considered creating a How to Improve Self-Confidence in 5 Effective Ways? If you plan to start meal planning "sometime soon" and find yourself thinking it could be too much work, or take up too much time, or require a true commitment, you might want to think about it a different way. But the older I get, the older we all get, itâs not something that we can ignore. Here are essentially why at Great Big Minds, we believe planning is important for success. âMake time for planning; wars are won in the generalâs tent.â â Stephen R. Covey. Your goals will be clearer and the process to achieve your goals will be without ambiguity. This tells you mistakes are sometimes inevitable and you don’t have to beat yourself up. You will also agree with me that once that big task is broken down it looks more achievable. An itinerary is needed to keep track of what needs to be done before the trip, places to visit or things to do. Now we have seen how planning is important and why it is necessary. Once you take your time to get it right, and you follow through with the right plan, you will record success. We donât have to see the whole stairs but planning and preparation is definitely key to success. The fact is, even insurance is as a result of planning. Without a plan, you will not only, 21. So it can be said that the benefits of planning far outweighs its supposed disadvantage. A proper plan is a good way to keep track of your progress. I talked about efficiency, getting better and adding a touch of professionalism above. It gives you a growth mindset. The reasons enumerated below will throw clarity on why planning is an important aspect of our life. Thanks for reading. Such words ring true to everybody who has ever had a chance to experience failure. For the avid planner, planning has become an essential part of life. I highly recommend you consider writing your own Life Plan. The weekly schedule is important for the overall success of the project but it is the daily planning that will help you to track your progress and determine whether or not you are on schedule. This is where delegation comes in. In a year from now, 5 years from now? Planning was found to have the greatest impact on the following success factors: âPerceived value of the projectâ (R 2 =0.35) and âClient satisfactionâ (R 2 =0.39). The objectives of the organization are defined in simple and clear words during communicating the established plan. She believes that we all have a better version of ourselves which can be leveraged to impact others and make the world a better place. But retirement planning is very important in order to have a financially independent life after retirement. Required fields are marked *. The Importance of Community Planning Community planning is an essential part of economic development and establishment of a character unique to the community. Planning for end of life is just one way we can â¦ Planning is my way of making sure that any tasks that need to be done, get done. 23 Amazing Reasons Why Planning Is Important In Your Life. Know Why Retirement Planning is Important. Finding and implementing solutions to the problem before it shows up will ensure a smooth flow of processes. Once you have cut out all excesses and you are motivated, nothing can stop you then from attaining your goals. Post was not sent - check your email addresses! Without planning, you tend to slither back into your old routines and comfort zone. Planning our steps forward helps us track the progress we make in every walk of life. This helps you to get several plans or a variation of plans to choose from. Why is Retirement Planning Necessary? Planning is a major factor in determining the professionalism of a job done. Abimbola Joseph is a creative content developer who derives pleasure in encouraging individuals to be the best they can be in all relevant facets of life. Helps you sort through opportunities. Even though success is subjective because what Mr A describe as success might not be the same as Mr Ball, it’s a reason to have a plan. While you are planning to put on your footwear, you automatically plan to put on socks (present) before the shoe (future). Planning helps you to set your priorities right âIf you fail to plan, you plan to fail.â In just nine words, an important message is conveyed, which can be applied across many areas of life. GOOD LUCK! The fact is, even insurance is as a result of planning. When you finish a task or, Once you have cut out all excesses and you are motivated, nothing can stop you then from attaining your goals. No one wants to think about their loved ones dying. Where passion is the feeling of enthusiasm, motivation is the force or influence that makes things done. Planning does that for you. It is good to get â¦ Trying to do it all by yourself will lead to the incomplete task, unachieved goals, poor performance and maybe, 16. Inspirational Quotes & Self Improvement Tips, Understanding Why Planning Is Important For Success, 7 Things To Say âNoâ That Will Improve Your Everyday Productivity And Achieve More In Life, planning in meeting their vision and mission. In fact, Iâll take it a step further. Read: The ultimate guide to being strong and fearless: 12 tips. The way you shape the future, the more likely it is going to be. Planning gives a touch of professionalism, Professionalism cannot be overlooked either in business or in life. By planning ahead, the amount of stress and frustration that can be avoided is huge. 3 Major Benefits of a Life Plan. It simply divides your working day into small parts and you have better control . 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