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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 Old plan is outdated.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

Vennli is the content intelligence platform that empowers marketing leaders to increase the effectiveness of content marketing for each persona across every stage of the buyer’s journey - from awareness to advocacy. The smart content planning tool combines customer data and artificial intelligence, including insights about what matters most to the target market, to make intelligent content, messaging, and communication recommendations that will attract, convert, and retain more customers.

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