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1. 3 Tips on How To Make Your Business Plan Dynamic
3 Tips on How
To Make Your
Business Plan
Dynamic
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2. 3 Tips on How To Make Your Business Plan Dynamic
Business plans are not static
documents that only exist to be put
on a shelf. It is exactly the opposite:
if you want your business plan to
come true, you have to work with
this document on the daily basis. But
what does it mean to have a dynamic
business plan and how to make your
business plan work that way?
1. Write a business plan
Yes, it is obvious but creating a plan
should be a starting point of your
business venture. Remember that

3. 3 Tips on How To Make Your Business Plan Dynamic
cliché: those who fail to plan, plan to
fail. So do think before you act
especially if acting means investing
your money. And think twice (if not
more!) before investing anyone else’s
money into what you feel is a great
business opportunity.
When you start working with your
business idea, don’t hesitate to write
down all your thoughts and
assumptions – they will become the
ground for a more fundamental
document, your business plan.
Writing a business plan is like filling
in the questionnaire about your
endeavor. You investigate your
competitors, analyze their weak and
strong sides, make corrections to

4. 3 Tips on How To Make Your Business Plan Dynamic
your product concept, learn about
your target audience, discover
technologies and develop operational
plan. Some might think that business
plan is all about financials but I
suppose that financial projections are
probably the most vulnerable and
disputable part of any business plan.
Imagining your sales volumes is
good, but having a clear-cut vision of
your business strategy is far more
important.
And remember that business plan is a
powerful motivational tool for you
and your team. Visualizing your
results and business outcomes will
help you greatly in overcoming all the
difficulties you’ll face.

5. 3 Tips on How To Make Your Business Plan Dynamic
2. Print out your business plan
and continue making notes
Somehow business plans appear to
be more powerful and likely to come
true when you have them as hard
copies. So print your plan out and
put it on your desk so that you could
always have your hands on it. When
you start implementing your business
plan continue making notes and
recording your thoughts and ideas.
You’ll be getting new information
about your customers, their lifestyle,
media preferences and consumption
habits daily. So don’t trust your
memory and write everything down
meticulously.

6. 3 Tips on How To Make Your Business Plan Dynamic
Of course you should strive at
achieving what you have planned.
But the real world will always
introduce its corrections as you go.
So you’ll see how your ideas
develop and how your understanding
of your business matures. You’ll be
able to track if you were
overoptimistic at the beginning (in
terms of how quickly you’ll be able to
execute, or how many items will be
sold in the first period etc.). And
you’ll as well have the reason to
praise yourself and your team when
you are ahead of the schedule or
when you meet your budget
limitations. It is always good to
compare your plan and actual results,

7. 3 Tips on How To Make Your Business Plan Dynamic
make conclusions and move forward
at a higher speed.
3. Extend your business plan into
the future
Business plan always has its time
bounds. So when you are reaching
the end of the schedule, just
continue your time axis. Work with
your notes and make revision of all
the parts of your business plan.
When I say “you” here, I mean you
as a project/business lead and your
team which is responsible for
execution of this plan. Remember,
that you need to synchronize your
business vision and objectives all the

8. 3 Tips on How To Make Your Business Plan Dynamic
time, so that everyone moves in the
same direction.
With your continued business
planning your product concept
becomes more detailed, your risk
analysis more unfold and your team
more balanced. Will your financial
projections become more accurate,
too? Again, I think it is more the
matter of luck. In any case you can
start right now with creating your
business, click here