The executive summary is a crucial part of the business plan. It is a synopsis of the main points of your business plan, highlighting the key features. This is usually the first part of your plan that prospective investors will read and it must be interesting and concise.
As a result, business plan writers are required to develop an executive summary. An executive summary is simply a quick overview of the entrepreneur's proposed business venture. Investors and bankers read the entrepreneur's summary and decide which business plans can be eliminated and which warrant a further investigation.
Knowing this, the entrepreneur should begin to realize the importance of the business plan's executive summary.
Moreover, if investors and bankers are not interested or aroused by your executive summary, chances are they will not read the entire business plan. And if an investor does not read your business plan, chances are she will not provide the necessary financing for the business venture.
Therefore, as the author of the business plan, your objective should be to write an executive summary that will tantalize and spark the interest of an investor, banker, or other reader so that they will read the entire business plan.
It is extremely important to focus only on the positives aspects when writing the executive summary. Never lie in your executive summary in an attempt to get a banker, for example, to read the entire business plan.
Tantalizing is extremely different from lying. And never lie in any other section of your business plan either. Never make false claims knowingly in your executive summary in an attempt to get an investor to read your plan. False claims may get your business plan read, but after wasting an investors time, you won't get the financing you require.
The Executive Summary is always the last section to be prepared. In other words, Never, Never, Never write the Executive Summary until you have completed all other sections of your business plan.
If you do, you'll find yourself constantly rewriting it and rewriting it, and rewriting it. The Executive Summary always appear directly after the Table of Contents.
This concludes our discussion on the Executive Summary.Fosse Commercial Contractors construction business plan executive summary. Fosse Commercial Contractors, an established general contractor, plans expansion, changing target markets from residential to commercial building projects/5(83).
According to Forbes, a strategic plan emphasizes your gameplan towards winning the success of ones business. They advised that it is good that the Executive summary of a strategic plan sample is made after every single part of the plan is already finished.
It will just summarize the highlights of the plan which is very significant to employees and . Business Plan Executive Summary INSTRUCTIONS FOR APPLICANTS: This executive summary should include the following information in two pages or .
The executive summary might sound like one of the simplest components of the business plan - and in some ways, it is. As long as you have done your work gathering the information required for the. Sample Business Plan. Following is a business plan written by The Business Plan Store.
Executive Summary Proposed Business. OBRA e-z, Inc. produces a program that collects and reports all the critical elements of data required for governmental reporting purposes. As a result, business plan writers are required to develop an executive summary. An executive summary is simply a quick overview of the entrepreneur's proposed business venture.
Investors and bankers read the entrepreneur's summary and decide which business plans can be eliminated and which warrant a further investigation.