If you do not achieve your business plan's goals or exceed its original specifications, these can be indicators to produce an updated plan. You also want to regularly consider where your business is compared to what you designed your business plan to handle. This basically means you need to have key performance indicators that you track every month, so you know exactly where you are at against your annual goals at all times.
Updating your company's business plan is a significant undertaking, and it's worth the effort. When determining when to update your business plan, make sure you focus on improving all aspects of your strategy and mindset to achieve the best outcome.
You want to make sure that you are always looking ahead and not falling behind. Whether or not your company is currently in the process of updating its business plan, you need to consistently be thinking about what's next and always making sure to take a practical approach.
If you need help updating your business success plan or creating a new one, reach out to me today to schedule your complimentary consultation.
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As an experienced accountability coach and author of 5 books, I help business professionals make more money, work less, and enjoy even better work life balance.
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Author of Excuses Don’t Count; Results Rule, Live Life with No Regrets, No Excuses, and the Work Life Balance Emergency Kit, The Roadmap To Success with Stephen Covey and Ken Blanchard, and more.
Published on 2 years ago
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