ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Typically 15-20 pages long, a business plan is a document that explains what your business does, what you want to achieve in the business and the strategy you plan to use to get there. It details the opportunities you are going after, what resources you will need to achieve your goals and how you will define success.
Detailed explanation-2: -A business plan is a written narrative, typically 25 to 35 pages long, that describes what a new business plans to accomplish. For most business the business plan is a dual-purpose document, used both inside and outside the firm.
Detailed explanation-3: -Keep it short. The average length of most business plans is shorter now than it used to be. You can probably cover everything you need to convey in 20 to 30 pages of text plus another 10 pages of appendices for monthly projections, management resumes and other details.
Detailed explanation-4: -How long should a business plan be? There is no right or wrong answer to this question – a business plan can be anywhere from 10 to 100 pages long (although we recommend keeping it shorter so your audience doesn’t lose interest).