Steps in Planning

1)    Being aware of Opportunities

1. Doing SWOT Analysis

2)    Establishing Objectives

1. Specifying expected results
2. Could be long / short term
3. Gives direction to plans

3)    Developing Premises

1. Making assumptions about the environment in which the plan is to be carried out

4)    Determining Alternative Courses

1. Brain storming ways of reaching the destinations

5)    Evaluating Alternative Courses

1. Weighing each alternatives pluses & minuses

6)    Selecting a Course

1. Zeroing down upon the alternative, which will be adopted

7)    Formulating Derivative Plans

1. Listing the activities to be performed

8)    Numberizing Plans by Budgeting

1. Estimate the income / expenditure for the entire activities to be performed