Most great businesses can be described in several sentences, not several pages. Think of how to write a business plan introduction samples as a written "elevator pitch" with more detail, of course.
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. Make the rest of the process easy. As you develop your Summary you will naturally focus on the issues that contribute most to potential success.
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. 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.
The following is how an Executive Summary for a bicycle rental store might read. While it can be tough to fit on one or two pages, a good Summary includes: 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.
In short, make readers want to turn the page and keep reading. Your business plan walks the reader through your plan. Also keep in mind this example focused on the rental business, so a description of products was not included.
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.
In this case the products and services are obvious, so including a specific section would be redundant. 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.
Just make sure your sizzle meets your steak by providing clear, factual descriptions. Those employees will be attracted through competitive wages as well as discounts products and services. What ranks high in terms of importance?
Our location is also a key disadvantage where non-park rentals are concerned. Then work to accomplish your secondary objective by focusing on your readers. Keep in mind this is just a made-up example of how your Summary might read.
Our two primary competitive advantages will be location and lower costs. Simply flesh out the highlights with more detail. Market Opportunitiespeople visited the George Washington National Forest during the last twelve months. More from this series: Your Summary describes the highlights of your plan, includes only the most critical points, and leaves out less important issues and factors.
Due to the somewhat seasonal nature of the business, part-time employees will be hired to handle spikes in demand. Your Summary can serve as a guide to writing the rest of your plan. If your concept is too fuzzy, too broad, or too complicated, go back and start again.
Provide some sizzle in your Executive Summary Let your excitement for your idea and your business shine through.
While the outdoor tourism industry as a whole is flat, the park expects its number of visitors to grow over the next few years. Work hard to set the stage for the rest of the plan.This article is part of a series on how to write a great business plan. 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. Writing a Business Plan Georgia State SBDC 2 Why Write a Business Plan? A Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and unemotional way.
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.
A business plan can be a brief, informal document for internal use or a detailed, formal document used to attract investment capital or secure a business loan. In this tutorial, we’ll teach you. A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope. We would like to show you a description here but the site won’t allow us.Download