Tip #30: Time to Revise the Business Plan….. Again!

Tip 30-Needing a new business planThe days of the 5 and 10 year business plan are long over – everything is changing at such a fast pace.

Business owners need to review their plan to determine what has already changed and forecast what could change – competition, technology, demand for the product or services of the business, etc.

Plans must be updated and must be realistic for the foreseeable future.