Market Analysis: Before doing anything one should analyze the conditions or situations. So as in the business you have to analyze your market place and how things work in web hosting business. While performing a market analysis you have to keep these things in mind, what are you offering? Where you have to start? Why you choose this business? And how you will compete? Market analysis will clarify your targeted clients and competitor so you can define your web hosting plans keeping market trends in mind.
He explains that his definition of a business plan is "a formal document written to capture and communicate the planned direction and manoeuvres required for the business to accomplish its most important goal _ profitability". Balanko_Dickson adds that profit is no accident, and by writing and following your plan, you increase the chances of achieving profitability. Balanko_Dickson educates that developing a detailed plan will provide you with an opportunity to shape a powerful business development strategy, whether your goal is to: get financing to start; get financing to expand; be more organised and increase your odds of success; identify the value of your business and prepare a plan for selling; create a plan to buy a business; create a management succession plan to facilitate your retirement, etc.