Once your business is established and running well, you may be inclined to let things continue to run as they are.
However, it’s actually time to plan again. After the crucial early stages, you should regularly review your progress, identify how you can make the most of the market position you’ve established and decide where to take your business next. You will need to revisit and update your business plan with your new strategy in mind and make sure you introduce the developments you’ve noted.
This guide takes you through this essential process, detailing the stages you should go through to assess how well your business is performing, highlighting your strengths and areas that could be improved and suggesting the actions you need to take to implement the improvements that you’ve identified.
It is also useful if you have decided that your company is ready to move on to another level.
Setting the direction
A clear business strategy will help to answer any concerns and show practical ways forward.