In today’s data-driven world, high performance computing (HPC) has emerged as a critical resource for businesses across various sectors, from scientific research to financial modeling and artificial intelligence. As organizations increasingly demand advanced computational capabilities, the need for accessible, scalable, and efficient HPC solutions has never been greater. This shift has paved the way for entrepreneurial opportunities in the realm of high performance computing as a service (HPCaaS). Launching an HPCaaS business not only allows you to tap into a burgeoning market but also positions you to support companies in their quest for innovation and efficiency. This article will guide you through the essential steps to establish a successful HPCaaS venture, covering everything from understanding the market landscape and defining your service offerings to the technical infrastructure required and strategies for attracting clients. Whether you're a seasoned tech entrepreneur or a newcomer to the field, this comprehensive guide will provide you with the insights needed to navigate the complexities of this exciting industry.

The global market for high-performance computing (HPC) as a service has experienced significant growth over the past several years, driven by the increasing demand for advanced computational capabilities across various industries. As organizations seek to leverage big data, artificial intelligence (AI), and machine learning (ML), the need for scalable and efficient computing resources has surged, positioning HPC as a service as a vital solution. As of 2023, the global HPC market is estimated to be worth several billion dollars and is expected to witness a compound annual growth rate (CAGR) of over 20% in the coming years. This growth is fueled by the rising adoption of cloud computing, which enables businesses of all sizes to access powerful computing resources without the need for substantial capital investment in hardware. Industries such as healthcare, finance, manufacturing, and scientific research are particularly prominent in their utilization of HPC as a service, relying on these resources for simulations, complex modeling, and data analysis. Furthermore, the evolution of technologies such as edge computing, serverless architectures, and containerization has enabled service providers to offer more flexible and efficient HPC solutions. This trend is attracting a broader range of customers, including small and medium-sized enterprises (SMEs) that previously lacked access to such advanced computational power. Geographically, North America holds a significant share of the HPC as a service market, driven by a strong presence of leading technology companies and a robust ecosystem of research institutions. However, regions such as Asia-Pacific and Europe are catching up rapidly, with increasing investments in digital transformation and cloud infrastructure. Overall, the HPC as a service market presents a lucrative opportunity for entrepreneurs and businesses looking to enter this space. As organizations continue to prioritize data-driven decision-making and innovation, the demand for high-performance computing solutions is poised to grow, making it an opportune time to establish a business in this sector.

Understanding the target market is crucial for any high performance computing (HPC) as a service business. This market primarily includes industries and sectors that require significant computational power to process large datasets, perform complex simulations, and accelerate research and development. Key segments include:
1. Research Institutions and Academia: Universities and research organizations often need HPC resources for scientific research, simulations, and data analysis. These institutions may have limited budgets for maintaining their own HPC infrastructure, making them prime candidates for HPC as a service solutions.
2. Financial Services: The finance sector relies heavily on data analytics, risk modeling, and real-time processing of transactions. Firms in this industry can benefit from HPC services for algorithmic trading, fraud detection, and portfolio optimization, where speed and computational power are critical.
3. Healthcare and Life Sciences: The healthcare industry increasingly utilizes HPC for tasks such as genomic sequencing, drug discovery, and medical imaging analysis. Companies in this sector look for scalable and efficient computing solutions to handle massive datasets and complex algorithms.
4. Manufacturing and Engineering: Industries involved in product design, simulation, and testing, such as aerospace, automotive, and consumer electronics, require robust computing resources to run simulations for product development and optimization. HPC services can provide the necessary power without the overhead of maintaining in-house facilities.
5. Media and Entertainment: The media industry, including film production and video gaming, needs substantial computational resources for rendering, visual effects, and real-time graphics processing. HPC as a service can enable these companies to efficiently manage peak workloads during production cycles.
6. Artificial Intelligence and Machine Learning: Organizations developing AI and machine learning applications require powerful computing capabilities for training models on large datasets. HPC services can offer the necessary infrastructure to accelerate these processes.
7. Government and Defense: Government agencies and defense departments often engage in simulations, modeling, and data analysis for various applications, from climate modeling to national security. HPC services can provide secure and scalable solutions tailored to their specific needs. By identifying and understanding the needs of these target markets, HPC as a service businesses can tailor their offerings, marketing strategies, and customer support to effectively reach and serve their clients, ultimately driving business growth and innovation in the field.

When considering the establishment of a high-performance computing (HPC) as a service business, it is crucial to develop a robust business model that aligns with market demands and leverages existing technological capabilities. The following models are particularly relevant in the HPC landscape:
1. Subscription-Based Model: This model involves charging customers a recurring fee for access to HPC resources. Subscriptions can be tiered based on compute power, storage capacity, or additional services such as technical support or advanced analytics tools. This model ensures predictable revenue and builds long-term customer relationships, making it easier for clients to budget for services while providing consistent cash flow for the business.
2. Pay-As-You-Go Model: In this flexible pricing structure, customers are billed based on their actual usage of computing resources. This approach allows clients to scale their usage up or down according to project demands, making it appealing for businesses with fluctuating workloads. It can attract a wide range of customers, from startups to large enterprises, who may be hesitant to commit to long-term contracts.
3. Dedicated Instances Model: Some clients may require dedicated resources for compliance or performance reasons. This model involves providing exclusive access to specific hardware or software environments, ensuring that performance is not affected by other users' workloads. This can be a premium offering within the HPC service portfolio, catering to sectors such as finance, healthcare, or research that have stringent performance and security requirements.
4. Hybrid Model: Combining elements of both subscription and pay-as-you-go models, a hybrid approach allows businesses to cater to diverse customer needs. Clients can subscribe for baseline services while having the option to pay extra for additional usage during peak times. This model enhances flexibility, which can be a strong selling point for organizations experimenting with HPC resources.
5. Consulting and Professional Services Model: Beyond just providing computing resources, offering consulting and professional services can create additional revenue streams. This might include helping clients optimize their workflows, port applications to the cloud, or provide specialized training on HPC tools and technologies. By positioning the business not only as a service provider but also as a strategic partner, it can enhance customer satisfaction and loyalty.
6. Marketplace Model: Establishing a platform where third-party developers can offer applications or services that run on the HPC infrastructure can create a vibrant ecosystem. This model allows customers to access a variety of tools and applications tailored to their specific needs, while the HPC provider benefits from increased traffic and potential revenue sharing agreements.
7. Vertical-Specific Solutions: Tailoring offerings to specific industries, such as pharmaceuticals, automotive design, or financial services, can differentiate the business in a competitive market. By providing specialized tools, compliance features, or support for industry-specific applications, the business can attract niche markets looking for targeted HPC solutions. In conclusion, choosing the right business model for an HPC as a service venture depends on understanding the target market, the competitive landscape, and the unique value proposition of the service being offered. A thorough analysis of customer needs and preferences will guide the decision-making process, ensuring the business is well-positioned for sustainable growth in the evolving field of high-performance computing.

The competitive landscape for a high-performance computing (HPC) as a service business is characterized by a mix of established players, emerging startups, and cloud service providers that have integrated HPC capabilities into their offerings. Understanding this landscape is crucial for new entrants aiming to carve out a niche in the market. Currently, major cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud dominate the HPC as a service sector. These companies leverage their extensive infrastructure and resources to offer scalable, flexible, and cost-effective HPC solutions. Their established customer bases and deep pockets allow them to continuously innovate and improve their services, making it challenging for smaller players to compete on a similar scale. In addition to the big cloud providers, there are specialized HPC service companies that focus on specific industries or applications, such as simulation, data analytics, and scientific research. These companies often differentiate themselves by offering tailored solutions, expert support, and optimized environments for particular workloads. For example, organizations like Penguin Computing and Rescale focus on providing high-performance computing resources for engineering simulations and computational science, appealing to niche markets that may require more specialized services than those offered by larger providers. Emerging startups are also beginning to enter the HPC as a service market, often leveraging innovative technologies such as containerization, serverless computing, or edge computing to provide unique value propositions. These new entrants can disrupt traditional models by offering more agile, user-friendly platforms that cater to specific user needs, such as on-demand access to computing resources or simplified management interfaces for non-expert users. Moreover, the growing trend of hybrid and multi-cloud environments has led to increased competition as businesses seek to optimize their HPC workloads across different platforms. This has prompted many service providers to enhance interoperability and support for various cloud environments, allowing customers to choose the best combination of resources for their needs. As the market continues to evolve, factors such as pricing, performance, reliability, and customer support will play significant roles in determining competitive advantage. New entrants must be prepared to innovate and differentiate themselves, whether through specialized offerings, superior customer service, or advanced technologies, in order to succeed in this dynamic and competitive landscape.

When embarking on a high-performance computing (HPC) as a service business, navigating the legal and regulatory landscape is crucial for ensuring compliance and mitigating risks. Here are key considerations to keep in mind:
1. Business Structure and Registration: Choose a suitable business structure, such as a sole proprietorship, partnership, LLC, or corporation. Each structure has different legal implications, tax obligations, and liability protections. Register your business according to local, state, and federal laws, obtaining necessary licenses and permits.
2. Data Protection and Privacy Laws: Given that HPC services often handle sensitive data, compliance with data protection regulations is paramount. Familiarize yourself with regulations such as the General Data Protection Regulation (GDPR) in Europe, the Health Insurance Portability and Accountability Act (HIPAA) in the U.S., or the California Consumer Privacy Act (CCPA). These laws dictate how personal data should be collected, stored, and processed.
3. Intellectual Property Regulations: Protecting your intellectual property (IP) is essential in the tech sector. Consider trademarking your brand and obtaining patents for any proprietary technology or processes. Additionally, ensure that your service agreements include clauses that protect your IP rights while respecting the rights of your clients.
4. Service Level Agreements (SLAs): Draft comprehensive SLAs that outline the terms of service, including uptime guarantees, support response times, and data security measures. These agreements not only clarify expectations but also serve as legal protections in case of disputes.
5. Cybersecurity Compliance: As an HPC service provider, you must implement robust cybersecurity measures to protect your infrastructure and client data. Compliance with standards such as the National Institute of Standards and Technology (NIST) cybersecurity framework or the ISO/IEC 27001 can enhance your security posture and reassure clients of your commitment to data protection.
6. Export Control Regulations: If your HPC services involve technology that can be exported, be aware of export control laws that govern the transfer of certain technologies across borders. The U.S. Export Administration Regulations (EAR) and International Traffic in Arms Regulations (ITAR) may apply, depending on the nature of your service and the data processed.
7. Environmental Regulations: HPC centers consume significant energy and resources, which may subject you to environmental regulations. Investigate local, state, and federal guidelines regarding energy use, waste disposal, and emissions to ensure compliance and consider sustainable practices to appeal to environmentally-conscious clients.
8. Industry-Specific Regulations: Depending on your target market, there may be additional regulatory requirements. For example, if your HPC services cater to the healthcare or finance sectors, you must comply with industry-specific regulations that govern data handling and security. In summary, understanding and adhering to the legal and regulatory requirements is fundamental to establishing a high-performance computing as a service business. Seeking legal counsel or consulting with compliance experts can help navigate these complexities and ensure your business operates within the legal framework. This proactive approach not only protects your business but also builds trust with clients, positioning you for long-term success in the competitive HPC market.

When launching a high-performance computing (HPC) as a service business, securing the necessary funding is crucial for acquiring the right infrastructure, technology, and talent. Here are several financing options to consider:
1. Bootstrapping: Starting with personal savings or funds from friends and family can be a straightforward way to kick off the business without incurring debt or giving away equity. This option allows for greater control over the business but may limit initial growth due to constrained resources.
2. Bank Loans: Traditional bank loans can provide a significant amount of capital for purchasing hardware, software, and other necessary resources. It's important to present a solid business plan that outlines your market strategy and projected revenue to secure favorable loan terms.
3. Venture Capital: If your business has high growth potential, seeking venture capital may be a viable option. Venture capitalists are often interested in tech startups with innovative solutions and a clear path to profitability. Be prepared to pitch your business model and demonstrate how you plan to scale.
4. Angel Investors: Similar to venture capital, angel investors provide funding in exchange for equity or convertible debt. They may also bring valuable industry experience and connections that can help accelerate your business growth.
5. Grants and Competitions: Various government programs and private organizations offer grants for technology startups, especially those focusing on research and development in computing. Participating in startup competitions can also yield financial rewards and exposure.
6. Crowdfunding: Platforms like Kickstarter or Indiegogo allow you to raise small amounts of money from a large number of people. This can be an effective way to gauge interest in your HPC service while securing initial funding, though it often requires a strong marketing campaign to attract backers.
7. Partnerships: Forming strategic partnerships with established companies can provide not only financial support but also access to their resources, technology, and customer base. This could include collaborations with universities, research institutions, or tech firms looking to enhance their HPC capabilities.
8. Leasing Equipment: Instead of purchasing all the necessary hardware outright, consider leasing equipment. This can significantly reduce upfront costs and allow you to scale your infrastructure as your business grows, freeing up capital for other investments.
9. Government Programs: Many governments offer support for technology-driven businesses, including low-interest loans, tax incentives, and grants. Research local and national programs that can provide financial assistance tailored to the tech sector.
10. Incubators and Accelerators: Joining an incubator or accelerator program can provide not just funding but mentorship, networking opportunities, and resources that can help you refine your business model and accelerate your growth. Choosing the right financing option will depend on your specific business needs, growth strategy, and risk tolerance. It's essential to carefully evaluate the potential impacts of each funding source on your business structure and long-term goals.

When launching a high performance computing (HPC) as a service business, effective marketing and sales strategies are crucial for attracting clients and building a sustainable client base. Here are several key approaches to consider:
1. Target Market Identification: Clearly define your target audience. HPC as a service typically appeals to sectors such as academia, research institutions, financial services, engineering, and industries relying on large-scale data analysis. Understanding their specific needs and challenges will enable you to tailor your messaging and offerings effectively.
2. Value Proposition Development: Articulate a clear value proposition that highlights the benefits of using your HPC services. Focus on aspects such as cost-effectiveness, scalability, performance, and ease of use. Emphasize how your service can solve specific problems—like reducing time to insights, handling complex simulations, or managing large datasets—while allowing clients to focus on their core competencies.
3. Content Marketing: Create high-quality content that educates potential customers about HPC technologies and their applications. This can include blogs, whitepapers, case studies, and webinars that discuss industry trends, success stories, and technical insights. By positioning your company as a thought leader in the HPC space, you can attract and engage prospects.
4. Search Engine Optimization (SEO): Optimize your website and content for search engines to ensure that your business ranks well for relevant keywords. This will help potential clients discover your services organically when searching for HPC solutions. Focus on both on-page SEO (such as keyword usage and site structure) and off-page SEO (such as backlinks and social signals).
5. Social Media Engagement: Leverage social media platforms to connect with your audience, share valuable content, and promote your services. Platforms like LinkedIn are particularly effective for B2B marketing, allowing you to engage with industry professionals and organizations. Regularly post updates, insights, and resources that are relevant to your target market.
6. Partnerships and Collaborations: Form strategic partnerships with other tech companies, academic institutions, and industry organizations. Collaborations can enhance your credibility and expand your reach. Consider co-hosting events, sharing resources, or developing joint solutions that can benefit both parties.
7. Direct Sales Approach: Implement a direct sales strategy that includes outreach to potential clients through personalized emails, calls, or in-person meetings. Building relationships with key decision-makers in target organizations can lead to valuable contracts and referrals. Tailor your pitch to address specific pain points and demonstrate the ROI of your HPC services.
8. Free Trials and Demonstrations: Offering free trials or live demonstrations of your HPC platform can effectively showcase its capabilities. This allows potential clients to experience the benefits firsthand and can significantly increase conversion rates. Ensure that your onboarding process is smooth and that you provide ample support during the trial period.
9. Customer Testimonials and Case Studies: Use testimonials and case studies from satisfied clients to build trust and credibility. Highlight successful projects where your HPC services delivered measurable results. This social proof can be a powerful motivator for prospects considering your services.
10. Continuous Feedback and Improvement: Establish a feedback loop with your clients to gain insights into their experiences and needs. Use this information to continually refine your offerings and customer experience, ensuring that you remain competitive and responsive to market demands. By integrating these strategies into your marketing and sales efforts, you can effectively position your HPC as a service business for success in a competitive landscape.

To successfully launch a high performance computing (HPC) as a service business, it's essential to establish robust operations and logistics that can support the unique demands of your clients. Here are key considerations to ensure efficient service delivery and customer satisfaction:
1. Infrastructure Setup: Invest in high-quality hardware that meets the processing, memory, and storage needs of your target market. This may include clusters of powerful servers, GPUs for parallel processing, and high-speed networking equipment. Consider the scalability of your infrastructure; as demand grows, your system should be able to expand without significant downtime or reconfiguration.
2. Data Center Management: Choose an optimal location for your data center, considering factors like power availability, cooling systems, and geographical risks (e.g., natural disasters). Implement effective cooling and power management solutions to maintain operations efficiently. Regular maintenance and upgrades of the facilities will ensure optimal performance and longevity of your hardware.
3. Cloud Integration: Many customers prefer flexible, on-demand models. Implement cloud technologies that allow for easy resource allocation and management. This may involve using virtualization technologies that enable you to create and manage multiple environments on a single physical server, optimizing resource use and reducing costs.
4. Service Level Agreements (SLAs): Establish clear SLAs that define the performance metrics your service will guarantee, such as uptime, response time, and support availability. This builds trust with clients and sets expectations for both parties. Ensure that your operations can consistently meet these commitments.
5. Monitoring and Management Tools: Deploy comprehensive monitoring and management systems to track the performance of your hardware and applications continuously. Utilize software that can provide real-time analytics, resource allocation insights, and automated alerts for any anomalies. This will help in preemptively addressing issues before they affect clients.
6. Security Protocols: Given the sensitive nature of many HPC applications, implement robust cybersecurity measures. This includes data encryption, secure access controls, regular security audits, and compliance with industry standards and regulations. Educate your team on best practices for cybersecurity to minimize risks.
7. Client Support and Onboarding: Develop a strong client support structure that includes onboarding processes, technical support, and training resources. A dedicated support team should be equipped to assist clients with technical issues and inquiries about optimizing their use of your HPC services.
8. Cost Management: Carefully plan your pricing model to ensure profitability while remaining competitive. Consider various pricing strategies, such as pay-as-you-go, subscription models, or tiered pricing based on resource consumption. Monitor operational costs closely to identify opportunities for efficiency improvements.
9. Partnerships and Ecosystem Development: Build relationships with software vendors and other technology providers to enhance your service offerings. Collaborate with research institutions, universities, and industry players to understand market needs and stay ahead of technological advancements.
10. Feedback Mechanism: Implement a system for gathering client feedback regularly. This will help you identify areas for improvement, adapt services to meet evolving needs, and foster long-term customer relationships. By focusing on these operational and logistical elements, your HPC as a service business will be well-equipped to deliver high-quality, reliable solutions that meet the demands of your clients while also maintaining efficiency and profitability.

In launching a high-performance computing (HPC) as a service business, the role of human resources and management is crucial for establishing a strong foundation and ensuring long-term success. A well-structured approach to HR and management not only facilitates the recruitment and retention of skilled personnel but also fosters a culture of innovation and collaboration essential for delivering high-quality services. ### Recruitment and Talent Acquisition To build a competitive HPC service, it is vital to attract top talent with specialized skills in areas such as systems architecture, cloud computing, data analytics, and software development. Crafting clear and compelling job descriptions that highlight the unique opportunities within your HPC business can help draw in the right candidates. Networking within industry-specific forums, attending relevant conferences, and utilizing specialized recruitment platforms can also enhance your talent acquisition efforts. ### Training and Development Given the rapid evolution of technology in the HPC space, ongoing training and development are essential. Investing in continuous learning opportunities, such as workshops, certifications, and access to online courses, ensures that your team remains knowledgeable about the latest advancements and best practices. Encouraging employees to share their learnings can foster a culture of knowledge sharing and innovation. ### Performance Management Implementing a robust performance management system is key to maintaining high performance within your team. Setting clear objectives and key performance indicators (KPIs) aligned with your business goals allows for regular assessment of individual and team contributions. Regular feedback sessions can help identify areas for improvement and celebrate successes, fostering a motivated workforce that is aligned with the company’s mission. ### Leadership and Governance Effective leadership is vital for steering the organization towards its strategic objectives. Establishing a management structure that promotes transparency, accountability, and open communication can enhance decision-making processes and increase employee engagement. Leaders should be equipped to inspire their teams, encourage innovation, and adeptly manage challenges that arise in the fast-paced HPC environment. ### Culture and Environment Creating a positive organizational culture that promotes collaboration, diversity, and inclusivity is essential for attracting and retaining talent. Encouraging teamwork and establishing cross-functional groups can enhance problem-solving capabilities and drive innovation. Additionally, fostering an environment that values work-life balance helps to improve employee satisfaction and retention. ### Compliance and Ethics As HPC businesses often deal with sensitive data, it is imperative to integrate compliance and ethical considerations into your HR practices. Ensuring that employees are trained on data security protocols and ethical guidelines is critical in maintaining trust with clients and stakeholders. This focus on compliance not only protects your business but also enhances your reputation within the industry. ### Conclusion In summary, a well-thought-out approach to human resources and management is fundamental for the success of an HPC as a service business. By prioritizing recruitment, training, performance management, effective leadership, a positive culture, and compliance, you can build a capable and motivated team that drives your business forward in a competitive landscape.

In conclusion, launching a high performance computing as a service business offers a promising opportunity to tap into the growing demand for advanced computational resources across various industries. By carefully assessing market needs, selecting suitable technologies, and establishing a robust infrastructure, entrepreneurs can position themselves for success. Emphasizing customer support and continuous innovation will not only enhance user experience but also ensure long-term sustainability in a competitive landscape. As you embark on this journey, remember that adaptability and a proactive approach to emerging trends will be key in meeting the evolving needs of your clients and driving your business forward. With the right strategy and dedication, you can become a leader in this dynamic sector, delivering exceptional value to your customers and contributing to the advancement of high performance computing technologies.

A business plan is a critical tool for businesses and startups for a number of reasons
Business Plans can help to articulate and flesh out the business’s goals and objectives. This can be beneficial not only for the business owner, but also for potential investors or partners
Business Plans can serve as a roadmap for the business, helping to keep it on track and on target. This is especially important for businesses that are growing and evolving, as it can be easy to get sidetracked without a clear plan in place.
Business plans can be a valuable tool for communicating the business’s vision to employees, customers, and other key stakeholders.
Business plans are one of the most affordable and straightforward ways of ensuring your business is successful.
Business plans allow you to understand your competition better to critically analyze your unique business proposition and differentiate yourself from the mark
et.Business Plans allow you to better understand your customer. Conducting a customer analysis is essential to create better products and services and market more effectively.
Business Plans allow you to determine the financial needs of the business leading to a better understanding of how much capital is needed to start the business and how much fundraising is needed.
Business Plans allow you to put your business model in words and analyze it further to improve revenues or fill the holes in your strategy.
Business plans allow you to attract investors and partners into the business as they can read an explanation about the business.
Business plans allow you to position your brand by understanding your company’s role in the marketplace.
Business Plans allow you to uncover new opportunities by undergoing the process of brainstorming while drafting your business plan which allows you to see your business in a new light. This allows you to come up with new ideas for products/services, business and marketing strategies.
Business Plans allow you to access the growth and success of your business by comparing actual operational results versus the forecasts and assumptions in your business plan. This allows you to update your business plan to a business growth plan and ensure the long-term success and survival of your business.

Many people struggle with drafting a business plan and it is necessary to ensure all important sections are present in a business plan:Executive Summary
Company Overview
Industry Analysis
Consumer Analysis
Competitor Analysis & Advantages
Marketing Strategies & Plan
Plan of Action
Management Team
The financial forecast template is an extensive Microsoft Excel sheet with Sheets on Required Start-up Capital, Salary & Wage Plans, 5-year Income Statement, 5-year Cash-Flow Statement, 5-Year Balance Sheet, 5-Year Financial Highlights and other accounting statements that would cost in excess of £1000 if obtained by an accountant.

The financial forecast has been excluded from the business plan template. If you’d like to receive the financial forecast template for your start-up, please contact us at info@avvale.co.uk . Our consultants will be happy to discuss your business plan and provide you with the financial forecast template to accompany your business plan.

To complete your perfect high performance computing as a service business plan, fill out the form below and download our high performance computing as a service business plan template. The template is a word document that can be edited to include information about your high performance computing as a service business. The document contains instructions to complete the business plan and will go over all sections of the plan. Instructions are given in the document in red font and some tips are also included in blue font. The free template includes all sections excluding the financial forecast. If you need any additional help with drafting your business plan from our business plan template, please set up a complimentary 30-minute consultation with one of our consultants.

With the growth of your business, your initial goals and plan is bound to change. To ensure the continued growth and success of your business, it is necessary to periodically update your business plan. Your business plan will convert to a business growth plan with versions that are updated every quarter/year. Avvale Consulting recommends that you update your business plan every few months and practice this as a process. Your business is also more likely to grow if you access your performance regularly against your business plans and reassess targets for business growth plans.