Updating your business plan

Business planning is one of the most crucial parts of starting a business.

Get it right, and you'll earn the trust of investors, distributors, suppliers and staff.

The evaluation and review of your strategic plan is an opportunity to take a step back, assess and evaluate the state of your business and industry, and re‑align your vision, goals, priorities and action plan.

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During a recession, the market is unpredictable and likely to change with little notice, so frequent updates are important.To help you on your business journey, we've created Smarta Business Builder, the complete online tools package for growing your business.Website Builder, Business Plans, Accounting Software, Legal Documents and Email - all in one place - from just £20 per month with no contract! The starting sales plan The example begins in this first illustration with the sales forecast imported from a finished business plan, developed in Business Plan Pro.Illustration 1: Beginning Sales Plan Actual results for sales In the next illustration, you see the actual results for the same company for the first three months of the plan, at the end of March, showing actual sales numbers. actual sales The third illustration below shows you the plan vs.

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