Without proper management, a business ends before it starts. Many people think that a business needs a large capital to be successful. However, in reality, no matter how large the capital is, if there is no proper management or planning, that business cannot survive. In many cases, even if the capital is small and there is a planned and well-structured plan, it is successful in the long run. Effective planning, experience and sustainable management are three things that should not be neglected before starting a business. If someone cannot make a refined plan for income, expenses, capital, profit, loss, then his business will have no financial accounts.
Before establishing a a business I believe there should be proper knowledge on the kind of business to start which should be something that is well known to the business owner but starting a business without proper planning you can't get good management when the planning is wrong. If the business owner knows what he or she is going investing large capital should not be neglected because it will boast the sells and attract more customers to patronize the business or company. Check and balance is the best way to measure a growing business so if the business owner has form of keeping records and knowing if the business is bringing profits or losses that means such person is not supposed to be into that business.