From the Desk of Chad Solberg, Bankers Trust
11 Aug 2022
When you first started your business, you likely created a business plan that outlined your company’s needs, goals, strengths and challenges, as well as how it would progress over the coming years. Often overlooked is the importance of evaluating your plan periodically – quarterly, annually, every couple of years, or as needed – and revising it to reflect your business’s changing needs and environment. This is especially critical during times of drastic change.
If you haven’t reviewed your plan for some time now, or if you suddenly feel your business’s environment, challenges, or needs have changed, ask yourself these guiding questions to determine changes you should document in your business plan.