ENTREPRENEURSHIP

Detailed explanation-1: -The business plan usually projects financial data over a three-year period and is typically required by banks or other investors to secure funding. The business plan is a roadmap for the company to follow over multiple years.

Detailed explanation-2: -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-3: -A traditional five-year business plan should include business strategies, financial projections, competitive analysis, SWOT analysis, and future roadmaps.

Detailed explanation-4: -Anything of 20 to 30 pages long with 10 pages for appendices is an ideal length of a business plan for a complex business model. The length may be trimmed for simple business ideas.

Detailed explanation-5: -Your 3-year business plan outline should include a clear strategy for your marketing efforts. Describe any advertising or promotions you plan to do, whether it’s through online, print, TV, or radio media. Also include the costs involved and the reach you expect to gain with your target audience.