This blog takes a very practical view of the task of preparing a business plan. It is based on the results of a survey which explores the processes and difficulties associated with the compilation of a plan.
The results were derived from complete, valid responses submitted between March 2000 and August 2001 by almost 450 site visitors who signified that they (a) were currently preparing a plan or (b) had compiled one in the past. Because of guaranteed anonymity, no specific information is available about these respondents.
However, based on our visitor logs and results of other polls, the majority are likely to have been US-based and either entrepreneurs planning new business or owner/managers of smallish business. A substantial minority would have been professional advisers or managers within larger businesses.
The survey found at that a "typical" business plan had the following general characteristics:Had 10-25 pages excluding appendices etc. Needed between two and four drafts Took 2-3 months to research and write Required much more time to research than write Had limited inputs from external advisers/consultants
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