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

[Erik4150]

I don't think backup plans are necessary. If your original plan is very good, you don't need to have a backup plan unless you think you might face unforseen circumstances in the course of running your business.

 

[Setho]

Hit is very important to note when you are starting a business that no matter how good your plan is it can still fail and sometimes it might not even be your fault that I why it is equally important that you also plan for if the first plan fails what you should do next.

 

[Victor72]

Backup plan is very important in a business but the business plan is more important than the back-up plan, this is because the business plan is the main plan and then backup plan is meant to support business

 

[Victor001]

Do not put all eggs in one basket,you can be a Mason and equally be a trader,the need for backup plan is to have support income incase of any setbacks, no business is guaranteed.

 

[Spicywilfred]

Having a back up plan in. Business is a smarth thing to do. It's like a fall back just in case there is lapses in the business u can always fall back and bounce up with time.

 

[Rachelgold]

It is good that as you are making your business plan, you should also be making your backup plan as well but greater concentration should be placed on the main business plan. Although one does not wish to experience failures in his or her business but sometimes the unexpected do happen this is when you fall back to your back up plan

 

[Sotherefore]

It is important to have a plan b in case the first one doesn't work you still have something to back up on,i think having a plan b in a business is actually the best option.

 

[Kane]

Yes, you need a back up plan and it is s important as the original business plan. You need a back up plan for the situations like the need for fresh funds or the when business starts making loss.

 

[Anna52]

Having a back up plan in all aspect of life's journey is good, it helps you to be solid and firm in what ever you are doing. It is necessary to have a fall back plan so you don't crash entirety.

 

[nimzy]

it's as well as important it helps in giving directions and then access on how to focus on the set goal as a reason of establishment. when it failed in this side the other will stand for you.

 

[Sheyemanu]

Is the backup plan for your business as important as the original plan? Well, this I don't know but I know that both the backup plan and original plan are of extreme importance and both should not be toyed with if you want to be successful

 

[Adventurer]

A backup plan is highly necessary, it prepares one for improptu situations, but when preparing the back up plan ensure it is different from the original

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

 

[Erik4150]

If your plan is very good and you have absolute confidence in it, what is the point of having a backup plan. Backup plans should only come up if the original plan fails.

 

[GIFTMICHAEL]

When creating a business we should have different plans. The first one is the first major plan, and the others are just alternative. Incase the first fails then the alternatives can come by.

 

[Damscooguns73]

Concerning if the backup plan is just as important as the original business plan. Well, I will say that both plans are important, the backup plans is also vital to any business that doesn't want to head back to start or want to manage risk or loses, the backup plan helps or serve as a fallback or support plan that one can rely on in case the original plan fails or doesn't meet up expectations

 

[Josephjossy]

The backup plan is also very important, it will help you to know how to balance your business when ever you have some business challenges. It will help the business is standing strong. It also help business from collapsing and also help your business to progress, so backup plan is also very important in any business

 

[Hopey]

The back up plan is as important of as the origins plan. You never know what can happen the next moment so its safer to prepare for the uncertainty that may arise

 

[btaliat]

Having back up plan in business may be of disadvantage at times. Because for the fact thay we have alternative, we may not want to put much energy on the very first one.

 

[Doradorwa]

Original plan of a business is the most important thing to do but in case the business did not work out back up plan is also to save face. For you to know maybe you'll sell what remain of the business or just mortgage it.

 

[Anna52]

A back up plan is very important because it saves you from a total shut down when issues arises. Yes it should be taken seriously just as an original business plan is taken seriously as well.