In addition to the three main sections, your plan could use a cover page and a table of contents.
A business plan is usually ten to twenty pages long, depending on your plan and how you display it. A plan that gives possible investors information should be longer and much more detailed than one for simple changes in the company.
You also might need to update a current plan if you are an experienced company seeking investments or planning a new venture. If a new financial period is beginning, you might need to update your plan annually, quarterly, or monthly.
You will also need to create a plan if you require new financing if there’s a change in your market, client needs, trends, and of course if you’re developing a new product. When your management changes or you no longer feel your vision aligns with your actions, it’s time to create a plan.
Whatever your company’s plans, these components can help you see how it can turn out in the long run. If you’d like to try potential customers and possible investors, whether they are looking to assist you as a partner or make a large investment.