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"Strategic plans vary with respect to the time period involved. Generally, short-range plans are for one year or less and moderate-range plans for two to five years" (http://nctr.cob.fsu.edu/text/articles).
Both types of plans are usually quite detailed. Long-range plans cover periods of more than five years, perhaps up to fifteen years, and are usually not as specific. Knowledge of the risks, company liabilities and other business related structures that may be pertinent to the success of that company. With the job market and national economy in its current state, one must carefully evaluate the way by which he plans to govern his business...
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