A business idea without proper management plan is one that can be considered to be dead on arrival. Business success revolves around excellent management plan first before capital size. With a large capital chunk into any business that's lacking in proper planning, such business can inevitably collapse, turning into a wasted investment.
Of course, the management plan will have a big role to determine the success of the business. Having inappropriate plan surely raises the chance of the fail because we may have no idea and be panic when we get the difficulties or too many challenges in the early stage. Also, an alternative plan is also important to deal with an unexpected condition while we are running the business. Moreover it is in the early stage, there must be always many things beyond our expectation.
But on account of proper management structure on ground with even the small size of capital, it can be sustaining to such business's success in the long ... Experience should be considered as a key asset in business planning and as a key factor it's important to always involve those with experience in the area of business when planning. Never neglect this!
Before we plan to have a business, we must ensure to have sufficient capital. It is the wrong idea to have a business if we still have lack of capital. Also, besides the experience factor, we don't forget that mentality aspect is very important. We get an improper income from the business when it is in the early stage. So, our mentality will be tested very much in this time. Those people who have weak mentality probably to decide giving up!!