What ranks high in terms of importance?
If your concept is too fuzzy, too broad, or too complicated, go back and start again. Also keep in mind this example focused on the rental business, so a description of products was not included. Once your Summary is complete, you can use it as an outline for the rest of your plan.
Business plan executive summary financials projections are based on the following key assumptions: We will also use online tools to better engage customers, allowing them to reserve and pay online as well as create individual profiles regarding sizes, preferences, and special needs.
Make the rest of the process easy. In short, make readers want to turn the page and keep reading. Market Opportunitiespeople visited the George Washington National Forest during the last twelve months.
Competitive Advantages The cycling shops located in Harrisonburg, VA, are direct and established competitor. 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.
More from this series: Our location is also a key disadvantage where non-park rentals are concerned. Your business plan walks the reader through your plan. If your business will manufacture or sell products, or provide a variety of services, then be sure to include a Products and Services section in your Summary.
Acquiring the right location?
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.
Keep in mind this is just a made-up example of how your Summary might read. The following is how an Executive Summary for a bicycle rental store might read. In this case the products and services are obvious, so including a specific section would be redundant. While the outdoor tourism industry as a whole is flat, the park expects its number of visitors to grow over the next few years.
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.
Simply flesh out the highlights with more detail. Provide some sizzle in your Executive Summary Due to the somewhat seasonal nature of the business, part-time employees will be hired to handle spikes in demand. Those employees will be attracted through competitive wages as well as discounts products and services.
Then work to accomplish your secondary objective by focusing on your readers. 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.
Your Summary can serve as a guide to writing the rest of your plan. Financial Projections Blue Mountain Cycle Rentals expects to earn a modest profit by year two based on projected sales.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 Business Plan and Executive Summary You will need to develop several investor communication documents or tools when raising money and interfacing with potential investors. This quick guide offers tips that will help you create the executive summary for your business plan.
Writing the Executive Summary of Your Business Plan no matter what your financials are. Jul 24, · Your executive summary can make or break your chances of getting funding.
Here's how to write an executive summary that sets your business plan apart/5(). Bplans offers free business plan samples and templates, business planning resources, How-to articles, financial calculators, industry reports and entrepreneurship webinars.
This quick guide offers tips that will help you create the financials section for your business plan. First Steps: Writing the Financials Section of Your Business Plan essential to any.Download