When to Pivot: Letting Your Plan Evolve Without Losing Your Dream
One of the most liberating things about having a written business plan is that it gives you permission to change it. Here’s how smart entrepreneurs use their plans to evolve — without losing sight of what matters most. Your Plan is a Living Document Large companies revisit their business plans every quarter and formally update them every year. They call it the Annual Operating Plan — and entire divisions spend months getting it right. For a small business owner, you don’t need to do that. But revisiting your plan once a year, or once every couple of years, can completely change how you make decisions. Why? Because a written plan doesn’t just tell you what to do. It also tells you what not to do. The Power of Saying No Imagine someone approaches you with a great new opportunity — say, adding a car cleaning service to your lash studio business. On the surface, it sounds like more revenue. But your plan says you’re building a lash and beauty coaching brand. Does car cleaning fit tha...