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In this post, you will learn what events trigger a need to update your business plan, how updating a business plan differs from creating the original, and who should be involved in the updating process.
Do I Need to Update My Entire Plan?
Rarely is a complete update required, but frequently the marketing section strategies and tactics need review and updating to meet constantly changing market realities.
For example, which of your actions/activities worked well and should be continued, and which should not? If everything is working, then you are not experimenting enough — not everything will work
If you own a small retail store or service business, there’s a good chance you’ll need a wholesale supplier to provide essential goods. However, with thousands of wholesalers throughout the country, it can be a difficult (and sometimes overwhelming) task finding the right one to best meet your needs.
Before beginning your search, it’s helpful to understand the five main types of wholesalers. Here they are, as described by Entrepreneur.com:
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Manufacturers - Most small businesses don’t purchase goods directly from big manufacturers because they require incredibly large sales volumes to