Sarah Has Been Working Hard on Her Business Plan for Her

Sarah has been working hard on her business plan for her new web marketing business for the past eight weeks.She feels she has nailed down every conceivable detail of the business for the next four years.When discussing it with her financial partner,the question of a contingency plan came up.Sarah became frustrated and asked,"Why would I need a contingency plan?" In answering,her partner said that a contingency plan was important because it was a more concise version of her full business plan,which she could use to show potential clients where her company was going and what she stood for.Sarah's partner is correct about her understanding of a contingency plan.