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IX. Refining the Plan

You should consider your business plan to be a work in progress; the work does not end with the first draft. Show your completed draft to experts in various fields such as marketing, accounting, and finance, and use your readers' feedback to revise and polish your plan.

You should also be reviewing your plan and, in particular, your data periodically. Update your plan as the industry competitive landscape changes. Additionally, if you're finding that your actual results don't match up with your projections, you will have the opportunity to correct discrepancies and adjust business strategies. A business plan should be a blueprint for your company. Over time, continuous revisions to your business plan will make it a valuable tool to help you guide your business venture.




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