In a recent blog post (10 Reasons to Update Your Business Plan - Why, When & How), we outlined why and when to update your business plan, in this post we'll talk about how to update and manage it. Remember, these ideas are the same whether your plan is for financing purposes, strategic planning or business operations purposes. Good planning ensures your plan because a useful management tool. To create plans that are effective management tools, I encourage my clients to: Create a Vision...

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