The overall length of a business plan for an established company (i.e., one with revenues or significant assets) will depend on the complexity of its offerings, industry trends, size and growth potential. Prior to start working on your business plan, it’s important to know what it should include and how long it should be. What to consider prior to start working on your business plan? If you seek funding, it also provides investors with an opportunity for due diligence before committing resources and capital. A business plan is an ongoing process, and it should be revised every year or so to reflect changes in the market, shifts in strategy, and new opportunities.Ī good business plan defines what your company does, where you expect it go in the future and how you will get there. This couldn’t be any further from the truth. Many people have the misconception that a business plan is something that you create before starting your company. Whether you are launching a business or have been operating one for many years, the need for a solid business plan remains unchanged – it is the most important part of a company success!
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