This is one of the most common questions asked by new entrepreneurs and business owners. The answer is simple, as it ‘depends.’
Most business experts and consultants suggest a business plan needs to be 30 to 50 pages, as a minimum, while others may say even less or more than this depending on their own personal perspective.
I have seen a beautiful business plan written by consultants for a local SME, which weighted 1.5 Kgs and was beautifully bound. When I asked how often they referred to it, they said ‘never’, but the Bank loved it. ( I expect the Bank never read it, and wouldn’t understand it anyway) .
I’m a fan of having a version that’s easy to read, easily understood, can be shared and lived. Consider having a Plan on a Page that everyone can access and connect with.
In short, you need a couple of plans, the over arching business plan, shorter concise plans for specific use like raising finance, briefing marketeers and exciting staff.