Question: Should your original business plan grows with your company or should it be flexible? What has worked best for you?
Question: Should your original business plan grows with your company or should it be flexible? What has worked best for you?
It Should Evolve With Demand
"Having conviction in my idea was one thing, but following through with actions is the scary part. From the start of AlignedSigns.com, my general plan has changed/evolved and needed revisions as I started to figure out what works and what doesn't. Business moves fast, and every entrepreneur learns many things they did not know about before they began."
@ALIGNEDSIGNS
It Should Guide You
"The original business plan should be flexible because there are always surprises when running a business, such as a new competitor that can beat you, or lack of customers. However, a business needs to reference the original plan and understand why they chose the company in the first place when they are facing a downturn. "
@suprexlearning
It Should Readily Adapt as You Shift Focus
"Business plans should be flexible, so that if there are threats or opportunities presented that could significantly impact the future of the business, the organization can obtain the best outcome. This approach has worked best for our agency, as we've shifted focus on different competencies and customers that align with the most exciting market opportunities."
@justinmoodley
