Planning for Success: Are Your Biz Plans up to Date?

This Week's Business Stat Has Arrived To ensure you receive updates from Docstoc, please add messages@docstoc.com to your address book | Unsubscribe.   Stat of the Day   50% of Small Business Owners Review and Update their Business Plan at Least Every Quarter Planning For Success – 30% of Small Business Owners review and update their business plans every quarter, and 20% do so each month.     Source: TD Bank Share this article with your friends:       No Surprise – Small Business Owners Plan, and Plan, and Plan Again, for Success Recently released survey results from TD Bank lead to the conclusion that small business owners believe that their business plans matter – or at least their propensities to review and update their plans certainly suggest that. In late 2012, TD Bank surveyed 500 small business owners whose businesses had no more than $5 million in annual sales, and a vast majority (86%) said they review and update their business plans at least once a year. Of that 86%, 36% revisit their business plans once a year, 30% review and update their plans every quarter, and 20% keep their plans relevant and up to date on a monthly basis. Read the rest here >>   63% of Small Business Owners Rely Heavily on Word-of-Mouth to Find New Employees 48% of Owners Would Like a Family Member to Eventually Take Over the Family Business 78% of Small Businesses Plan To Automate to Cut Costs         To ensure you continue to receive our e-mails please add messages@docstoc.com to your Address Book now. We send this email to members of docstoc.com per our Privacy Policy . You can manage your email preferences and other settings by going to Your Settings Page . If you have any questions you can e-mail or call us anytime by using our Contact Us page. You may unsubscribe from this mailing here: Unsubscribe. You can manage your email preferences in the notifications tab here: Preferences. *Disclaimer: Legal information is not legal advice. Read More. Docstoc.com , Inc. 409 Santa Monica Blvd., Ste 2A Santa Monica, CA 90401