BizSugar.com › Strategy › What to Do Next When Your 5-Year Business Plan Comes to a Close

Writing a 5-year plan is usually the very first step in the occasionally stressful but always rewarding road of business ownership. One of the biggest problems with most 5-year plans is that you are sort of flying by the seat of your pants when you write it out. Until you actually run a business, you have no idea what type of obstacles you’ll face, or even what you can achieve. A 5-year plan is often based on cursory research, some hope, and a bit of guesswork. At the end of your first five years, you should look back on your original plan to see how far you’ve come, then figure out what you need to work on for the next 5 years to come by doing the following five things...