The document provides guidance on developing a business plan, including why it is important, key areas to cover, who should be involved, and how to structure planning meetings. Specifically, it recommends starting the planning process 2-4 months before the end of the year, involving owners, managers and other stakeholders over 3-6 weeks to develop the plan before the new year begins. The business plan should cover aspects like marketing, operations, finances, organizational structure and long term goals.