A construction project has five key stages: Planning & Design (finalizing blueprints and permits), Pre-Construction (site prep and material sourcing), Construction (building the structure), Inspection & Quality Control (ensuring safety and compliance), and Handover (final checks and project delivery).
A business plan should include a company overview, market analysis, business model, marketing strategy, financial plan, and operational plan to outline goals, strategies, and financial projections for success.
A business plan should be updated whenever major changes occur, such as shifts in the market, new competitors, or business growth. Ideally, reviewing it every 6 to 12 months keeps strategies fresh and aligned with current goals. Think of it as a roadmap—regular updates ensure you’re always heading in the right direction.