In this case the products and services are obvious, so including a specific section would be redundant. Also keep in mind this example focused on the rental business, so a description of products was not included.
Due to the somewhat seasonal nature of the business, part-time employees will be hired to handle spikes in demand. Once your Summary is complete, you can use it as an outline for the rest of your plan.
Your business plan walks the reader through your plan. Your Summary describes the highlights of your plan, includes only the most critical points, and leaves out less important issues and factors.
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.
Provide some sizzle in your Executive Summary Competitive Advantages The cycling shops located in Harrisonburg, VA, are direct and established competitor.
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. Just make sure your sizzle meets your steak by providing clear, factual descriptions. Acquiring the right location? 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.
Simply flesh out the highlights with more detail. The economic outlook indicates fewer VA, WV, NC, and MD cycling enthusiasts will travel outside the region The park has added a camping and lodging facilities that should attract an increased number of visitors The park has opened up additional areas for trail exploration and construction, ensuring a greater number of single-track options and therefore a greater number of visitors The market potential inherent in those visitors is substantial.
Those employees will be attracted through competitive wages as well as discounts products and services. Our location is also a key disadvantage where non-park rentals are concerned. While the outdoor tourism industry as a whole is flat, the park expects its number of visitors to grow over the next few years.
Make the rest of the process easy. If your concept is too fuzzy, too broad, or too complicated, go back and start again. What ranks high in terms of importance? 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.
Most great businesses can be described in several sentences, not several pages.
Financial Projections Blue Mountain Cycle Rentals expects to earn a modest profit by year two based on projected sales. More from this series: Keep in mind this is just a made-up example of how your Summary might read.Jolly's Java and Bakery bakery business plan executive summary.
Jolly's Java and Bakery is a start-up coffee shop and bakery. How to Write the Financial Section of a Business Plan: The Purpose of the Financial Section Let's start by explaining what the financial section of a business plan is not.
The executive summary of the business plan needs to capture the reader's attention and get them reading the rest of the plan.
Here's how to write one. There are seven major components of a business plan, and each one is a complex document.
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. MaRS – Business Planning and Financing Management Series Building Block 2 – The Business Plan and Executive Summary How to use this workbook guide 1. Make it a team exercise—but make it quick.
Pulling the background information and strategy together to create a coherent.Download