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.
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!
I prefer building a business for the long term rather than achieving short-term success because businesses that grow quickly also experience setbacks quickly. Capital is indeed a crucial factor in determining the steps we take to develop a business, but that doesn't mean having little capital means you can't start. To build a business with small capital, we must be able to see opportunities and how the business can become a necessity for most people.
Planning and experience are essential in running a business because there is a lot of competition nowadays, especially with the current economic downturn, which means every buyer will inevitably seek products that are much cheaper. When someone loses in the competition, the business they are running will struggle to grow, and in the worst case scenario, they will have to close down due to poor performance.