Business Plans are basic documents that help to organize your company, from concept to establishment. As your goals and forecast change with time, it is important to update them so that everyone involved can be aware of your new direction.It's recommended that you review your Business Plan once a year, or in the following circumstances:
You change your business direction entirely
There is a market change that affects your business
New technology becomes available that is relevant to your products or services
You gain or lose significant profit
You need to expand or downsize your staff
You are branching out with a new product or service
Your competitors change
After any significant changes that affect your previous Business Plan