What is the final step when completing a management plan?

In the context of developing a management plan, the final step is indeed implementing the plan. This is a critical phase because it involves putting all the strategies and decisions made during the planning process into action. Implementation translates the theoretical aspects of the management plan into practical initiatives, ensuring that the owner’s goals and strategies are effectively executed.

Identifying and analyzing the owner's goals is an essential step earlier in the planning process, as it lays the groundwork for what the management plan aims to achieve. Despite its importance, it precedes the final step of executing the strategies laid out in the plan.

Reviewing financial projections and conducting a market analysis are also important components that occur earlier in the planning cycle. These activities help inform the overall strategy and decision-making process but do not mark the culmination of the management plan development.

Thus, the correct answer highlights the necessity of taking action on all prior planning to achieve desired outcomes.