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 one. You start here, today, with certain resources and abilities.
And you want to get to there, a point in the future (usually three to five years out), at which time your business will have a different set of resources and abilities as well as greater profitability and increased assets.
If your investors have detailed questions, they'll ask for more information.' How to Write a Summary Business Plan: A Few Don'ts With that in mind, here are some suggestions for things to leave OUT of your summary business plan, according to Malla Haridat, founder and CEO of New York City-based New Designs for Life, an organization that teaches children about entrepreneurship: How to Write a Summary Business Plan: The Essential Pieces Turning to what you DO want to focus on, consider the following tips offered by Ken Halkin, a business consultant in Amesbury, Massachusetts: 1.
Description: Kick off your plan with a one-page description of your business.
Then, use a footnote to alert readers that more detailed financial schedules and assumptions will exist in a separate document.
To keep focused, consider telling your story by providing the following information: 11.
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Together, they cited information from 16 references.
Halkin also recommends that you put together a detailed strategic plan that establishes the strategies, steps, accountability and timelines for achieving the one-year goals of the business.
A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it.