The more you plan, the more you will know the likelihood of your idea is successful, the time needed for that, and the other resources required.

Overexpansion is counterproductive when you don’t have enough resources to sustain that.

Strategy makes sure that all your resources are used efficiently, that your efforts will convert into the desired outcome and that you are heading in the direction of your goal.

A strategy is an action plan of what you want to achieve and how. It defines where you want to see yourself in the long-term and how you are going to use your resources, skills and competencies to achieve that.