Harvey Mackay's quote below is spot on. No sane person wants to fail at anything. However, over 50% of businesses fail in their first year, 95% within five years.

Consider the purpose of a business plan. If it is your money you're using, why would you not draw up a plan? Starting and building a business is a (long and rewarding) journey. Would you drive long distance to an unfamiliar location without planning a route? And you have to make the journey on a budget! If you answered yes to these questions, then see you later and good luck!

Plan your business. Carry out research. Think about how much to spend, how long your business can survive on your investment and how long you are willing to carry the business to success.

These things and much more must be considered if you're to have a chance. Running a business requires many skills - above all, you must be organised.