You can also read our article on common mistakes to avoid when building your business plan. The Canada Business Network also offers a guide to writing your business plan as well as good examples of industry specific business plans. Your business plan has to be backed by facts and research to hold up to scrutiny.
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.For a detailed description of each section of the plan, you'll want to refer to the Guide to Writing a Business Plan Step By Step.
Once you complete your simple business plan be sure to format it attractively, print it and get it professionally bound. 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. Business plans are inherently strategic.
A business plan is a written document that describes your business. It covers objectives, strategies, sales, marketing and financial forecasts.
A business plan helps you to. May 14, · Whether you are trying to develop an overarching guide to your sales business strategy, or are a salesperson seeking to define your goals and tactics for meeting (and exceeding) your targets, writing a sales plan can help you take a bit more control in the unpredictable world of sales%(92).
Jul 20, · The restaurant business is a competitive industry with many variations. Therefore, it is important to know how to write a business plan for a restaurant or food business.
Sample business . We support America's small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business.