HBR 20-Minute Manager Boxed Set (10 Books) (HBR 20-Minute Manager Series)

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Conclusion

W

riting a business plan is part of the

process of preparing your business for

success. But the document you create

is not meant to be static. Once you’ve left the plan-

ning stages, regularly updating your business plan

enables you to track your progress. Referring back to

your business plan later in the process also helps you

determine whether your original assumptions about

the keys to your success are becoming realities. This

provides valuable information—you’ll be able to an-

ticipate and respond to challenges before it’s too late;

you’ll be able to update investors on progress; and, by

verifying your original assumptions, you ...