Now that you are further along on the path to your successful business, take a fresh look at your business plan and update it to fit your changing needs. Have you decided on a name, location, and structure? Has the process taken longer than expected? do you need to update your financial projections (sometimes called pro forma) or cash flow analysis? Do you have more investors or debt/equity partners? As you finalize your business plan, this document will be a key reference for investors.