A typical business plan should be approximately five to seven pages and should provide only a brief overview of the purpose, strategy, and organization of the firm. One common mistake small business owners make is to develop long, detailed business plans that bankers and investors simply will not take the time to read.

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A typical business plan is usually more detailed and can range from 20 to 40 pages, covering various aspects such as market analysis, financial projections, and operational plans, which are necessary for investors and bankers to assess the viability of the business.

A Typical Business Plan Should Be Approximately Five to Seven