There are also 2 types of business plans based on the level of comprehensiveness.
I say this not to brag, but to assure you that much information online about business plans is false.
Below you will find correct answers to the most common business plan questions.
For instance, it should include the reasons you think the business, product or service will be successful.
It should prove that the market is big enough to support your business.
There are small business plans that generally cover companies up to 50 employees.
Medium and large company business plans are usually for companies with 51-250 employees and 250 employees respectively.
When you are conceiving a new business or new product or service, you should at least create a basic business plan (see our simple business plan template below).
This business plan should cover the basics of your plan.
A business plan for strategy focuses on ensuring you have the right strategy (marketing strategy, operations strategy, HR strategy, etc.) to grow a successful company.
When you add the need for funding to this, you must also spend time convincing funding sources why your company will succeed.