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

[tyrim88]

One of the things i have come to discover in business especially when planning for your business is that a contingency plan needs to be put in place,when we started our courier buusiness with bikes we had a plan B of making use of vehicles incase the government decide to ban the use of bike.And that was what helped us.

 

[Shigobad20201]

Even most of the time , the back up plan in business is more superior than the original plan , and we have the backup plan in case the original plan go south, so we switched to the back up plan.

 

[Ononivami1]

The back-up plan is interested just like the business man the back-up plan will serve as a backup when the business plan failed so that your business will not crash we will stay afloat.

 

[Robust]

It is not in all cases that the back up plan stand for the original business plan. Most at times back up plan stands for an alternative plans in case if the original plan doesn't work out.

 

[Ektalakra]

Profit and loss are the two faces of one coin in the case of business. One can't guarantee only profit. In such a case, a backup plan is important if you are someone, who have lots of money to keep spending on and on, even after a loss then it's okay, but if not one should have a backup plan in case thing goes down.

 

[Shigobad20201]

Having a backup plan in a business is very important for the survival of your business, a backup plan is always good as your real business plan and its there just incase the real business plan flops .

 

[Sincerem]

It is very important but at the same time we shouldn't put so much concentration or we relax because we have a backup plan , the most important one is just the one we have established with so much capital. The main business.

 

[Shigobad20201]

Profit and loss are the two faces of one coin in the case of business. One can't guarantee only profit. In such a case, a backup plan is important if you are someone, who have lots of money to keep spending on and on, even after a loss then it's okay, but if not one should have a backup plan in case thing goes down.

Business plan is a very important part of a business because it says ambit about the survival of a business , so a back up plan is also important as the real plan , its the plan we use when the real plan flops.

 

[tyrim88]

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

That is just why an alternative to any form of plan is very important and vital for continuety and progress,because if such plan is not avialable,then it would amount to putting all your eggs in one basket.

 

[Shigobad20201]

There are times when even the backup business plan is better than the initial business plan because we always revise and review the business plan just incase the normal plan flops .

 

[Ronald]

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?

A backup plan is certainly as necessary as the original plan because anything can happen in life and in business. The original business plan could fail and this backup would be an option to fall back on

 

[Sotherefore]

Backup plan is very important but mostly this depends on the financial strength of the business owner. As we all understand to be able to achieve all these things require a whole lot of money.

 

[Shigobad20201]

Back up plan is very important in the business survival because most of the back up plan often works well than the original plan because its what you used when the original plan fails .

 

[Good-Person]

The back-up plan is interested just like the business man the back-up plan will serve as a backup when the business plan failed so that your business will not crash we will stay afloat.

I think that not only back up plan, but some additional plans are also required sometimes when you run any kind of business. This is important as this is a part of business strategy.

 

[Ononivami1]

I think that not only back up plan, but some additional plans are also required sometimes when you run any kind of business. This is important as this is a part of business strategy.

This is a major reason why every companies that has a plan must have plan b which will serve as an alternative to the original plan if anything goes wrong.

 

[Joseph555]

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.

 

[Agbalagbaa]

I can't really say for real, if you have good experience of what you are doing you are expected to have a good plans, having a backup plan is also important you need to understand this.

 

[nana kwasi1]

It is extremely important, even though it is not as crucial as the original business plan because it is possible that the original plan will not work out as anticipated. In this case, the backup plan will help prevent your company from failing. It may not be as crucial as the first plan, but it is still quite vital.

 

[Shigobad20201]

Some backup plan are even far more better than the original plan , because the back up plan are to be used just Incase the original plan have for the business did not work out as thought.

 

[Joe2]

In some instances, the backup plan—also referred to as the plan B—is just as crucial as the business plan.
Your business savings are now required in order to create your plan B.