The lack of formal planning is attributed to two conditions. In the first, the entrepreneur (always tending to be a doer rather than a thinker) not have (or will not set aside) the time for planning. There is the insatiate drive to get on with the venture, to get it up and running, after which there will be sufficient time to be reflective and engage in solid planning. The second reason is more common and accounts for a majority of start-ups. Most new venture .Reserarch into the founders of the INC. 500 fastest growing private companies the determined that 80 percent get their ides for their new venture from previous employment. In other words, they knew the domain in which they would operate. They were very aware of the requirements for success, know who to deal with, what networking was-requires and what buttons to push for success.