A Business Plan is the most important document in the life of a business entity .It contains all the essential information about the Business right from the legal status to Exit procedure.

2.For whom is it intended?

Biz Plans are meant to be submitted to Venture Capitalists,Angel Investors,Private Equity Investors,Joint Venture Partners, Banks/Institutions.

3.Who Prepares it?

Generally the Entrepreneur / Founder.In some cases, owners may be technologists having no financial background.In such cases an outside agency. It all depends on the size, time available with the enterepreneur, etc.,

4.What is the size?

Size of a Biz Plan varies according to the industry and scale of business and also on the reader`s requirement.

5.Language:

Language is country and reader specific. Globally it is preferred to have your Biz plan in English.

6.Jargons:

Always keep the reader in mind and avoid excessive use of Jargons .But cover the technicals which are essential to the business.

7.Number of years of Financial workings:

Financial workings are provided for 3 to 5 years.

8.All the money is my own, why should I have a Biz Plan?

For securing a license under the law, one has to submit a Biz Plan as a necessary enclosure. Moreover, Biz Plan act as a guide or a reference point to check the levels of efficiency and also help in Profit planning etc.,