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

[Setho]

You never know what would happen in business no matter how sure the opportunity looks like. You should create a back up plan that is good and can be built on.

 

[Shigobad20201]

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 back up plan is also an important plan but not as good a the original plan. We just have a back up plan just in case the original plan didn't work out, so we can have something to fall back to.

 

[BrolySSJ]

A back up plan is also an important plan but not as good a the original plan. We just have a back up plan just in case the original plan didn't work out, so we can have something to fall back to.

It is important as it does provide your way to fall back if there is a concern in the original plan however sometimes the back-up plan can be adjusted as you are proceeding with the original plan in order to take into account factors that you previously did not consider. Also if you have a back-up plan you are more able to take risks within your initial business.

 

[Richard92]

Backup plan to business are also very important but not as important as the original business plan, backup plan only assist you as a business owner to carry out the original plan effectively.

 

[BrolySSJ]

Backup plan to business are also very important but not as important as the original business plan, backup plan only assist you as a business owner to carry out the original plan effectively.

The reason why I feel that a back-up plan is just as important as the original is because it is giving you the ability and the freedom to take risks with my original plan knowing that you have something to fall back on. Without a back-up plan you will be a lot more careful and therefore you will not take as many risks with your business. In order for a business to be successful you have to be willing to take the necessary risks.

 

[Kunkun]

Having a backup plan does more good than harm because literally there is nothing to lose only to gain because of tbe original business plan fails there is something to fall back on so I think it's advisable to always have a backup in anything

 

[BrolySSJ]

Having a backup plan does more good than harm because literally there is nothing to lose only to gain because of tbe original business plan fails there is something to fall back on so I think it's advisable to always have a backup in anything

Yes. Many people tend to look at a back up plan as a bit of a burden because of the time that it takes to come up with one that is adequate and able to offer you that support, however the extra time that you put in in the beginning can really pay off later in your bsiness venture.

 

[tyrim88]

It is very important for a business venture to have a plan-b,thait is a plan to fall back to in the case of an eventuality.We had one ourself when the price of the commodity we traded on went high,we have to fall back to a substitute product to satisfy our customers,with that we wee able to still be in business.

 

[cowantussie]

business backup is any plan B an entrepreneur strategize to handle unexpected events in the business environment. An actionable backup plan should target a specific challenge a business might face in the future.


The separate and second copy of your original plan should aim at securely your personal and customer files. It should help mitigate the risks you are bound to face when calamities or negative internal and external factors affect your business.

 

[eLdavis]

The backup plan may not be as strong as your original plan, but it should be strong enough to back your original plan if things go bad.

 

[BrolySSJ]

The backup plan may not be as strong as your original plan, but it should be strong enough to back your original plan if things go bad.

Exactly! Some people actually have a lot of time spent to create multiple back up plans to ensure that there is no room for error or failure in their business in its entirety and also provides you with options in case your business is not successful in teh first round.

 

[Senator]

The back up plan is as important as the original business plan because you cannot predict the way things might turn out for the business along the way

 

[BrolySSJ]

The back up plan is as important as the original business plan because you cannot predict the way things might turn out for the business along the way

There are always unforeseen circumstances in a business that may cause excess expenditure, such as product defects or property defects that have to be fixed and so forth and these will set you back a lot if you don't have a back up plan.

 

[Setho]

It is always ire that you should have a back up plan in business. The two can not just be the same and as such it is very alright if the backup plan is not as good

 

[Psalmseen]

Every business owner or entrepreneur must have a back up plan aside the original plan. The back up plan will always be the one to fall back on should in case the original plan fails

 

[Setfragil]

Backup plan is as important as the original plan depending on the type of business that you do. Some businesses requires the owner to have a backup plan in case the business didn't go as planned, you will have something to fall back to.

 

[akinlolu99]

At the point when you have any business thought it is significant that you consider and plan for the direst outcome imaginable too on the grounds that there's continually going to be factors that you can't represent and in this way you must be speedy I'm thinking and reacting quickly for having a possibility. For some strategic agreements that won't be going great and you won't get precisely what you have made arrangements for. Once in a while it very well may be minor changes that should be made to the strategy and on different occasions, it very well may be exceptional changes that could extraordinarily affect the manner in which the business is being run.

It is therefore that it is vital that each strategy have a reinforcement plan too to guarantee that there is a possibility should things turn out badly or should things be eccentric. As I would see it the backup arrangement that you have for your business is nearly pretty much as significant as the first strategy since it is your security net and accordingly it is essential to have a decent wellbeing net to furnish you with true serenity and guarantee that you can make an effective business.

 

[Setfragil]

Every business owner or entrepreneur must have a back up plan aside the original plan. The back up plan will always be the one to fall back on should in case the original plan fails

Any business that does not have a good back up plan will fail. When the business faces some challenges that needs immediate and good intervention to rescue the business from collapsing and there is no back up plan, the business will fail.

 

[Prettyjanie]

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.

I agree that's why a business plan is also necessary, you come up with different plans in the event one does not succeed, you can try out another option.

 

[Chibson]

Of course backup plan is very important and necessary for any business that really want to succeed because it will make them see what they will rely on whenever things goes wrong.