The executive summary is a crucial part of the business plan.
While it can be tough to fit on one or two pages, a good Summary includes: The Executive Summary is often the make-or-break section of your business plan. So think of it as a snapshot of your business plan. Since a business plan should above all help you start and grow your business, your Executive Summary should first and foremost help you do the following.
Refine and tighten your concept. Think of it as a written "elevator pitch" with more detail, of course. Your Summary describes the highlights of your plan, includes only the most critical points, and leaves out less important issues and factors.
As you develop your Summary you will naturally focus on the issues that contribute most to potential success. If your concept is too fuzzy, too broad, or too complicated, go back and start again. Most great businesses can be described in several sentences, not several pages.
Your business plan walks the reader through your plan. What ranks high in terms of importance? Acquiring the right location? Your Summary can serve as a guide to writing the rest of your plan. Make the rest of the process easy. Once your Summary is complete, you can use it as an outline for the rest of your plan.
Simply flesh out the highlights with more detail. Then work to accomplish your secondary objective by focusing on your readers. Even though you may be creating a business plan solely for your own purposes, at some point you may decide to seek financing or to bring on other investors, so make sure your Summary meets their needs as well.
Work hard to set the stage for the rest of the plan. Let your excitement for your idea and your business shine through. In short, make readers want to turn the page and keep reading. Just make sure your sizzle meets your steak by providing clear, factual descriptions.
The following is how an Executive Summary for a bicycle rental store might read. Introduction Blue Mountain Cycle Rentals will offer road and mountain bike rentals in a strategic location directly adjacent to an entrance to the George Washington National Forest.
Our primary strategy is to develop Blue Mountain Cycle Rentals as the most convenient and cost-effective rental alternative for the thousands of visitors who flock to the area each year. Once underway we will expand our scope and take advantage of high-margin new equipment sales and leverage our existing labor force to sell and service those products.
Company and Management Blue Mountain Cycle Rentals will be located at Mountain Drive, a location providing extremely high visibility as well as direct entry and exit from a primary national park access road.
The owner of the company, Marty Cycle, has over twenty years experience in the bicycle business, having served as a product manager for ACME Cycles as well as the general manager of Epic Cycling. Because of his extensive industry contacts, initial equipment inventory will be purchased at significant discounts from OEM suppliers as well by sourcing excess inventory from shops around the country.
|The Best Way to Write an Executive Summary - wikiHow||The Executive Summary is a brief outline of the company's purpose and goals. While it can be tough to fit on one or two pages, a good Summary includes:|
|How to Write an Executive Summary for a Business Plan | CEBblog™||Open Mic Executive Summary Samples In order to draft a correct executive summary, it may be important to refer to samples. In this article we give you one such example and tips on how such a document should be drafted.|
|Writing a Business Plan Executive Summary – Sample Template||Even though it comes after you have written and thought through every other facet of your business, it is arguably the most important part of the puzzle. As its name implies, the executive summary is a brief overview of your business plan.|
|Purpose for Business||Author, speaker and small business coach How to Write a Business Plan: So far we have covered Part I:|
Due to the somewhat seasonal nature of the business, part-time employees will be hired to handle spikes in demand.An executive summary of a business plan is an overview.
Its purpose is to summarize the key points of a document for its readers, saving them time and preparing them for the upcoming content. The executive summary section of the business plan: A) is the last section of the plan, but should be the first part written. B) should be no more than 8 or 10 pages long.
This article is part of a series on how to write a great business plan. The Executive Summary is a brief and grow your business, your Executive Summary should first and a written "elevator.
The executive summary part of a business plan should be written last. The type of executive summary that briefly covers all aspects of the business plan giving each topic relatively equal treatment is the ____ executive summary. The first part of your business plan that anybody will see is the executive summary.
It’s a brief look at the key elements of the whole plan—and it’s critical. The executive summary should. Building Block 2 – The Business Plan and Executive Summary Why Write a Business Plan? A business plan enables you to demonstrate to stakeholders, including founders and written document to ensure a consistent writing style.
Then have several key Building Block .