Is the backup plan just as important as the original business plan?

[BrolySSJ]

When you have any business idea it is important that you consider and plan for the worst case scenario as well because there's always going to be factors that you cannot account for and therefore you have to be quick I'm thinking on your feet for having a contingency. For many business proposals that is not going to be smooth sailing and you will not get exactly what you have planned for. Sometimes it could be minor changes that need to be made to the business plan and other times it could be drastic changes that could greatly impact the way the business is being run.

It is for this reason that it is very important that every business plan have a backup plan as well in order to ensure that there is a contingency should things go wrong or should things be unpredictable. In my opinion the back-up plan that you have for your business is almost as important as the original business plan because it is your safety net and therefore it is important to have a good safety net to provide you with peace of mind and ensure that you are able to create a successful business.

Do you believe that a back-up plan is necessary or do you think that it is important to just stick to one idea and to plan that out there early and hope for the best?

 

[Nurudeen]

Yes the backup plan will give you the direct access to how you should balance your business just in case there is a downtrend on your original Business plan. With this you will have an exit route and survival plan in place when your original plan is not meeting up to expectations

 

[Fortunate]

Refusing the backup plan is a key theme of many successful entrepreneurs and other heroes. ... back-up plan, which is really just the plan they wish you'd go with in the first place, right?

 

[Neeta313]

Most of the times, things don't work out the way we plan, that's why it is always important to have a plan B and if possible a plan C. A lot of factors can affect your plans and when that happens you will have to work with your backup plan instead. Therefore a backup plan is way more important than even the original plan.

 

[Aniwhyte]

It is not as important as the original business plan but it is extremely important, as the original plan might not turned out well as planned earlier, in such a scenario is where the back up plan comes to play to save your business from failing. So it might not be as important as an original plan but it is quite important.

 

[Bilal0087]

When you have any business idea it is important that you consider and plan for the worst case scenario as well because there's always going to be factors that you cannot account for and therefore you have to be quick I'm thinking on your feet for having a contingency. For many business proposals that is not going to be smooth sailing and you will not get exactly what you have planned for. Sometimes it could be minor changes that need to be made to the business plan and other times it could be drastic changes that could greatly impact the way the business is being run.

It is for this reason that it is very important that every business plan have a backup plan as well in order to ensure that there is a contingency should things go wrong or should things be unpredictable. In my opinion the back-up plan that you have for your business is almost as important as the original business plan because it is your safety net and therefore it is important to have a good safety net to provide you with peace of mind and ensure that you are able to create a successful business.

Do you believe that a back-up plan is necessary or do you think that it is important to just stick to one idea and to plan that out there early and hope for the best?

Absolutely dear, backup plan is very much important for the successful business. As every business may face several type of difficulties and problems and there may be losses in a business due to different reasons, then a backup plan is needed to survive.

 

[Profuk57]

Yes of course the back up plan is as important as the original plan, in that if the original plan fails you are sure you have a nice if not better alternative. Having a back up plan will give you the confident you need to succeed in you business endeavor.

 

[Godleads1]

The back up plan or idea is a safe ground to stand upon in case the plan A doesn't seem to work out the way you expected. The backup plan if a person into school business is if the school business do not bring the expected result, it would be transformed into a school. That's a very good plan B.

 

[Adetayo100]

Having a backup plan is essential, but once you have created a practical Plan B, it is best advised to put it out of your mind. Your sole focus should be to execute the original plan without thinking about taking an alternative route in your business.

 

[Ayokex]

Backup plan is the real plan to avoid failure and disappointment. It is common for most people to have original plan but only the wise makes a backup plan. No matter how good your initial plan may be , you can never tell any natural occurrence that can destabilize the plan, that's it's important to have a second plan. The backup plan is always called the plan B.

 

[Ifective]

Yesm. The reason you want to consider the back up plan is because the original plan failed. Therefore, I even think the backup plan is more important than the original plan. This is because the back up plan has to be successful in ways that the original plan couldn't be. It is very important that one develops a better than the earlier one once used

 

[Shayo]

Business back up plans are just as important as the original plan.
Many businesses do not want to accept that they are vulnerable and unforseen incidents can happen at any expected time.
A back up plan is preparation, and preparation matters.
A backup plan means protecting your business and ensuring you can recover despite any disasters.

 

[Odebunmi ajewamiri]

The back up plan is always as important as the original plan so at the end of the day if dose not work out the other one would back up plan is just as have as having a map in an unknown route.

 

[Akinwale701]

When you have any business idea it is important that you consider and plan for the worst case scenario as well because there's always going to be factors that you cannot account for and therefore you have to be quick I'm thinking on your feet for having a contingency. For many business proposals that is not going to be smooth sailing and you will not get exactly what you have planned for. Sometimes it could be minor changes that need to be made to the business plan and other times it could be drastic changes that could greatly impact the way the business is being run.

It is for this reason that it is very important that every business plan have a backup plan as well in order to ensure that there is a contingency should things go wrong or should things be unpredictable. In my opinion the back-up plan that you have for your business is almost as important as the original business plan because it is your safety net and therefore it is important to have a good safety net to provide you with peace of mind and ensure that you are able to create a successful business.

Do you believe that a back-up plan is necessary or do you think that it is important to just stick to one idea and to plan that out there early and hope for the best?

Back up plan is very good for every business in the case of "what if" but it doesn't mean it is as important as the original business plan. Any company that prioritize back up plan is not operating at its full original business plan, why having a better back up plan when the original one isn't up to the task?

 

[Ralphjoe]

I couldn't agree more with you on the importance off back up plan. Backup plan is very integral in the smooth operation of the business because when your original plan that you have made falls through, the back-up plan will come on board to save your business from failure.

The most unfortunate thing about this back-up plan is that most people don't make use of it, they are just okay with the original plan that they have made and this is not supposed to be so as anyone that makes a plan should make a back-up plan.

 

[Shigobad20201]

A back up plan is just as important as business plan because we originally made a back up plan in case the original business plan is not working , so we move and decided to use a back up plan, a back up plan is a planB used in case the original plan do not work.

 

[BrolySSJ]

Back up plan is very good for every business in the case of "what if" but it doesn't mean it is as important as the original business plan. Any company that prioritize back up plan is not operating at its full original business plan, why having a better back up plan when the original one isn't up to the task?

It is not necessarily that she will have a better backup and however the back-up plan must be of sufficient quality to make up for losses that you might incur throughout the course of your original business idea. In that way it may provide you with some sort of security as to how much you are able to actually progress the business and changes that you could make along the way in order to go in a different Direction that could end up being more lucrative.

 

[Hasan Raza]

A back up arrangement is similarly just about as significant as business plan since we initially made a back up arrangement on the off chance that the first business plan isn't working , so we move and chose to utilize a back up arrangement, a back up arrangement is an arrangement B utilized on the off chance that the first arrangement don't work

 

[Ziki]

If you think you're gonna start a business and you're gonna make money in the next two weeks, four weeks, a month, that's an employee mentality. As an employee, you get a check, two weeks. You get a check by the end of the month. As an entrepreneur, that doesn't happen. It might take you six months, it might take you a year, it might take you two years.

 

[Frank]

Yes the backup plan will give you the direct access to how you should balance your business just in case there is a downtrend on your original Business plan. With this you will have an exit route and survival plan in place when your original plan is not meeting up to expectations

This is true. Having a backup plan will always give you a fallback when the going is not right in your business. Most big businesses do this and it is a great way to keep up with what is happening in your business world.