Entrepreneurship is an economic activity by which an individual realizes his business plans by investing his own or someone else's capital, with the expectation of a certain profit and taking a certain risk. Its success primarily depends on planning certain business activities that await it in the future. Planning is the most important process that an entrepreneur must do in order to know which way to go in realizing an entrepreneurial venture. By planning we get the answer to the most important questions of what, how and how much. An entrepreneur is a person who must not be completely left to risk and ignorance. The main characteristics of a successful entrepreneur are risk taking, planning, creativity, responsibility, desire to succeed, decision making. Creating a business plan is one of the best ways to prevent unplanned losses and gain insight into expected costs. Planning is necessary for all entrepreneurs, regardless of their legal form, size or activity. With a business plan we determine the company's strategy, make a market analysis, describe the company, organize the sale of products or services that we will produce, gain insight into the costs that await us in the beginning and those that will follow us in the future. Some of the initial costs are investment in machinery and equipment, office space, raw materials and supplies, etc., and costs that will accompany us through further business such as overhead costs, interest on the loan, rental costs, depreciation costs. We will get an insight into the business investments and sources of financing needed to start a business venture. It is important to understand the market, secure finances, organize business, find and recognize quality employees.