A vital management tool – the business plan can be used by management to assist in business decisions and to successfully plan the direction of the company over the next 3-5 years. If a company is attempting to apply for financing a business plan is a necessity upon application. A business plan should be 50 pages or less, written clearly and simply it tells the story of the company without jargon and is easily understood. The document will be written in a professional manner using the internationally accepted format.