Your Business Should Be Flexible, Not Rigid _ Your business needs to be flexible and dynamic. It needs to adapt to your customers needs, to the changes in the market, to the economic climate, to the available technology. It needs to evolve as you experiment with advertising media, copy, headlines, price points, offers, social networking and split testing. As you create a market you'll be surveying them to find out what they really want from your business and then you'll be creating exactly that. You'll be creating goals that you want to achieve and tracking them weekly or monthly using a spreadsheet. The common factors here are flexibility, experimentation and adaptation. Now tell me where a rigid five year business plan fits into this scenario? It doesn't, because a rigid plan is the last thing you need.
Financial Plan: Most important aspect of any business is "finance." What you going to invest in the business? How much financial resources you have? And how long you can survive with any output from your business? Market survey will help you to decide how much investment is required to set up web hosting business? Keeping in mind all the available financial resource you can define your business scale, whether you are going to start your business at small or large scale. As if you are starting as a reseller host you don't require much investment. In financial plan you have to keep record if incoming and outgoing cash so you can keep an eye on what you are earning? And how you have to spend it? Keeping in mind all these factors you can develop an efficient financial plan.