Updating business plan

01 Mar

At the very beginnings of your company you’ll have sat down and put your heart and soul into this business plan.

If the purpose of the plan is to seek equity investment, then your exit strategy should also be discussed.

Some people will base their decision on whether to read the rest of the plan on the quality of the executive summary, so make sure it's compelling and clear, as well as interesting to the reader.

This is where to describe your business, including its history, structure, strategy, mission statement, current position of the business, as well as ownership structure.

Your business plan should never be an after-thought, it was important to you once and should remain so to help you fulfill your potential.

Locked Away for Special Occasions Most people never look at their business plan after first drawing it up.