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Updating the Business Plans

Written on the 8 February 2014 by National Australia Bank

Part 7

Updating the plan

Finally, recognise that economies, markets and your business itself keep changing – sometimes favourably, sometimes unfavourably. This means you need to review your plan at least once a year. How well have you done? Have you met the benchmarks in the plan? Revising and updating your plan will keep it relevant as a roadmap for your business.

Next steps

Use our business plan template to flesh out your plan.

Please note that this is a guide only and should neither replace competent advice, nor be taken, or relied upon as financial or professional advice. Seek professional advice before making any decision that could affect your business.

Download Guide – How to write a business plan (PDF – 564KB)

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Author: National Australia Bank

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