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how to configure status profile

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Hi Folks,

 

My client requirement is such that he wants to include some additional sales stages in sales cycle of opportunity such as qualification of opportunity by sales employee and assignment of opportunity to sales manager.We want to provide these two stages as statuses in the opportunity status profile.So am planning to copy a standard status profile and add the above sales stages as statuses and assign the status profile to my opportunity transaction type.Please let me know if this is appropriate or not.Qualification is already a sales stage in my opportunity transaction type.

 

So is it just like i modify an existing status profile and assign it to business transaction type by going to the details?

 

Pls guide me how to do the configuration as i am new to status profile concept..

 

Regards

Jaya


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