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The Best time to Review and Update Your Business Plan

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

Tips for Finding and Working with Wholesalers

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 wholesalersHere they are, as described by Entrepreneur.com:

  • Manufacturers - Most small businesses don’t purchase goods directly from big manufacturers because they require incredibly large sales volumes to

Getting Professional: A guide to forming PLLCs, PAs, and other professional entities

About Professional Business Entities If you are considering forming your business as a professional corporation, professional limited liability company, or professional service corporation (also called a professional association or PA), there are some things you should know before you get started. Professional business entities are created according to a state’s statutes. Their purpose is to create an entity exclusively for practicing professionals such as lawyers, accountants, or doctors. Because traditional corporations and LLCs offer liability protections, these entities were

Importing Goods From Other Countries

The most important issue to determine is what, how and how many you want. For example, I get clients who say, “I want to import apparel”, which is about as useful as I want to go out to dinner. The more information you have, the easier it is to develop relationships, find suppliers, and get reliable information.

Public Benefit Nonprofit Corporations

A public benefit nonprofit corporation is what people think of when they think nonprofit.  It is a charity that is advantageous to the public at large, meaning that anyone could benefit from the actions of the nonprofit. 

Earthquake Preparedness Checklist

This checklist will help you prepare for an earthquake's effect on your organization, employees and community by highlighting activities you should undertake before, during, and following the event.

Flood Preparedness Checklist

Floods are one of the most common and widespread of all disasters, and continue to grow in frequency and severity. Businesses are more likely to flood than burn down, so it is vital to prepare now. The following checklist will help keep your business afloat even if the worst happens.


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Funded, in part, through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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