Imagine that you have the perfect business plan. You have the latest figures, industry trends, market statistics and you’ve just reviewed your goals and vision. Will it still be perfect in 6 months? 12 months?
If you ask some of the most successful business people “When should I update my business plan?” the answer that you’ll most likely receive is – always! The famous quote states “the only constant is change”, then why should your plan stay the same if everything else around you is changing? Your business plan is dynamic document and should be kept up-to-date on a continuous basis.