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8 Reasons You Need To Update Your Business Plan

Feb 24, 2015 3:06:11 PM

A business plan is a necessity for any organized and well-structured business. Large or small, it's also something that should be updated and modified as you shift and grow. Here are 8 reasons why you probably need to update your business plan.

  1. A new financial period is starting.
  2. You need financing.
  3. Large shifts in the market.
  4. New or stronger competition.
  5. Internal developments.
  6. Shifts in management.
  7. Crossing a threshold.
  8. Old plan is outdated.

Remember, your business plan is just that - a plan. Make changes to it as you and your company changes. Read more at Entrepreneur.com.

Topics: General

Vennli
Written by Vennli

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