The draft usually takes place at the end of June, during the NBA off-season. Since 1989, the draft has consisted of two rounds; this is much shorter than the entry drafts of the other major professional sports leagues, all of which run at least seven rounds. Sixty players are selected in each draft. No player may sign with the NBA until he has been eligible for at least one draft.
A business plan is a written description of your business's future. That's all there is to it--a document that desribes what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan.
A plan is typically any diagram or list of steps with timing and resources, used to achieve an objective. See also strategy. It is commonly understood as a temporal set of intended actions through which one expects to achieve a goal. For spatial or planar topologic or topographic sets see map. Plans can be formal or informal: 1  Structured and formal plans, used by multiple people, are more likely to occur in projects, diplomacy, careers, economic development, military campaigns, combat, sports, games, or in the conduct of other business. 2  Informal or ad hoc plans are created by individuals in all of their pursuits.