A business plan can soon become outdated, and there may come a time when your company plan needs reviewing. If you’ve found that costs are rising and profits are taking a hit, then it’s urgent that you take a look at your plan and your business’s expenditure.

You may also have to review your business plan if you’ve grown rapidly, and faster than you ever expected. Growth is not always something a company can control, and as soon as you find yourself outgrowing your plan, then you will have to take a good long look and make any necessary adjustments.

Remember, business is often about diagnosing any problems fast, and a plan should never be set in stone, you should always feel the need to change it as and when you wish, and you may want to consult with a business financial advisor before you make any important adjustments.