Have a question? Try asking one of our Experts
The answer to this question depends on the audience for the plan and the type of business. If the plan is going to be used to search for financing from a lender, then the plan may be required to be comprehensive and detailed, and the primary emphasis should be on the financial statements. If the plan is for internal use, then you might spend more time on the mission and purpose of the business. But more important than length is what the plan says. Some long plans may communicate very little, while some very short plans concisely communicate the essence of the venture. Thoughtfully and thoroughly considering all the areas of the plan is much more important than attempting to reach a certain length. Also, you should be prepared to revisit the business plan periodically and make revisions and updates as your business grows and changes. The best business plans are the ones that get used.
We would like your feedback on this Personal Finance Frequently Asked Question.
Unlike most other resources on the web, we have experts from Universities around the country ready to answer your questions.
This resource area was created by the: community
Enter your zipcode to find your local Extension office:
eXtension provides objective and research-based information and learning opportunities that help people improve their lives. eXtension is an educational partnership of 74 universities in the United States.
© 2008 eXtension. All rights reserved.
Comments
Subscribe to this page's comments
Post a comment about this topic