Answer to Question 1
A typical business plan is about 25-50 pages long and takes about six months to write. The completed plan will address all of the following issues:
What good and/or service will the firm provide, and what needs does the product fill?
Who are the potential customers for the product or service, and why will they purchase it from this business?
How will the business reach its target market/potential customers?
Where will the owner get the financial resources to start the business?
When can the owner expect to achieve profitability?
Answer to Question 2
B