A business plan is a written description of the future of your business. It's a document that tells the story of what you plan to do and how you plan to do it. There are some generally accepted conventions about what a full-blown business plan should include and how it should be presented.
Your business plan should cover all the important matters that will contribute to making your business a success. These include the following:
A useful business plan can be any length, but a typical business plan runs from 15 to 25 pages. The size of the plan will also depend on the nature of your business and your reason for writing it. If you have a simple concept, you may be able to express it in very few words. On the other hand, if you're proposing a new kind of business or even a new industry, it may require quite a bit of explanation to get the message across.
It's time to start writing a business plan if you’re doing any of the following: