describe the process of planning in detail
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Planning is the process of thinking about the activities required to achieve a desired goal. ... It is the first and foremost activity to achieve desired results. It involves the creation and maintenance of a plan, such as psychological aspects that require conceptual skills.
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The Planning Process: Five Essential Steps
Step 1 - Establish Your Objectives. To navigate the road to retirement, you must first map out your destination. ...
Step 2 - Determine Your Investment Style. ...
Step 3 - Evaluate Investments. ...
Step 4 - Choose an Appropriate Investment Plan. ...
Step 5 - Execute and Periodically Examine the Plan.
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