Planning your #BusinessPlan – the Executive Summary. Today, #Business Plans aren’t just for and #entrepreneur launching a #startup, #StartingACompany or creating a product anymore. In some circumstances, Business Plans have even become additions to, or even substitutes for job applications. The Executive Summary offers a brief overview of what the intended business is, what any critical assumptions may be, and general idea of the potential return an investor might expect. It might also include a brief listing of the company history, and even some of the key personnel involved, as well as their qualifications. You might of hear about the “elevator pitch.” This is a 3-minute description of your company and why someone should invest in you. Its name comes from an imagined situation where you enter an elevator with a huge investor. From when the doors close to where the executive gets out, you only have 30 or 40 floors or about 3-minutes, to explain your venture. In a properly written #Business Plan the first, section is the Executive Summary. #BizTip - While the Executive Summary usually appears at the front of a business plan, it is usually written last, only after the other parts of the business plan have been collected. https://www.instagram.com/p/B79jvgSpCkb/?igshid=1shu6sxw0qp3i
