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Why your business plan's executive summary is so important (+ how to write one)
If you plan to launch your own small business , then you'll need to write an executive summary as part of your full business plan. In this article, we'll answer all your pressing questions, including: What the heck is an executive summary, anyway? What’s the purpose of an executive summary? And how do I actually create a well-written executive summary?
Executive summaries are arguably one of the most critical sections of a business plan —and they're also one of the trickiest to write. The executive summary is the first part of your complete business plan that someone will read, so it needs to be compelling in order to convince someone to read the whole thing.
But here’s the catch: 55% of people spend less than 15 seconds actively reading content, based on data published in Time Magazine . This means the limited window of time you have to convince someone your business plan is worth their attention depends on a strong executive summary. No pressure or anything.
For that reason, it’s important to know how to draft a concise executive summary that makes an impact and communicates the goals of your small business. But have no fear, just read on to learn how!
What is an executive summary?
An executive summary is essentially an outline of your business plan. If your full business plan is a roadmap, your executive summary is your roadmap's roadmap. It gives your readers a heads up about what you'll talk about in the rest of your business plan. For all intents and purposes, your business's executive summary is your elevator pitch.
The purpose of an executive summary
If there's one section of your business plan everyone is going to read, it's the executive summary. Your business plan's executive summary exists to give readers an overview of the entire document. It should outline what they can expect to learn and motivate them to keep reading on.
“Investors will read the executive summary to decide if they will even bother reading the rest of the business plan. It’s rare for an investor or lender to read an entire business plan, at least in the initial stages of analysis and consideration for funding,” says Eric Markowitz , Inc.com Staff Writer.
Keep your goals and purpose in mind when writing your executive summary.
If your business is a startup, the purpose of your business plan (and executive summary) will likely be to get banks or investors to provide you with financing. So, when writing your executive summary, highlight the financial requirements of your business and why your business is worthy of funding.
If you're a more established business owner, then your executive summary will talk more about your achievements, evolution, and goals for the future.
How to write an executive summary for a business plan
Your business's executive summary should be as short as possible, ideally only one or two pages long.
Remember that you're vouching for yourself and your business in your executive summary, so make sure your language is confident and positive!
Bad example : We might not be the best or the most established protein powder brand, but we probably have the most passion and love out of all our competitors.
Good example: With some vegan protein powder products on the market currently, we expect mild competition and are confident we will be able to build a strong market position.
It's best practice to avoid talking about more fluffy, subjective points and cliches (like passion, hard work, etc.) so you can focus more on the practical information and facts your readers want to know about (like why they should actually invest or partner with your business). You also want to seem confident in yourself and your business, so avoid words like "might," "maybe," or "could" and opt for more definitive words, like "will"!
Remember that your executive summary should fill in the blanks for your readers. Keep your target audience in mind and try to answer their questions, rather than create new ones, or they may get confused and stop reading. Give them a reason not to go back to checking their current value of Bitcoin.
"Put yourself in the business plan reader's shoes and think about what you would like to know in the report," Marius Thauland, business strategist at Leiekontor, told Business News Daily . "Get their attention by making it simple and brief yet still professional. It should also attract them to read the entire document to understand even the minute details."
There's no specific way to order the different sections of your executive summary, but you'll want to put the most important information or your strongest points first . The first sentence and paragraph of your executive summary is especially important, since these are what will reel your readers in.
We'll give you an idea of how to do this below.
What to include in the executive summary of your business plan
Despite being the first page of your business plan, it’s a good idea to write your executive summary section last. This trick allows you to get a clear picture of what specific material from the full business plan you need to introduce in the executive summary. So if you haven't written the rest of your business plan yet, stop, maybe check out our articles on writing a business plan (wink wink nudge nudge), and come back here once you're done.
Since the goal of a business plan is to persuade the reader to invest in your business, your executive summary needs to demonstrate why this investment would be a smart financial decision. The kicker is: you need to do all of this in 1-2 pages.
To get started, The Balance Small Business suggests including the following eight sections. Choose the topics most relevant to your business and write one or two sentences about each of them. And remember to order them from most important to least important!
1. Business opportunity
What demand or need is there for your business and how will you meet this demand? Talk about a problem or a gap in the market, and why your business alone has all the answers.
2. Target market
What demographic do you intend to reach as your customer base? Who's going to be buying your product?
3. Business model
Use this part to give more juicy details about your business idea. What products or services will your business offer, and what makes them desirable?
4. Marketing/Sales strategy
What will your methods be to create brand recognition for these products or services? You might want to consider marketing techniques like social media, paid media, or email marketing.
5. Competition
Give your readers the low-down of your industry. What businesses will you compete with for market share, and what does your business offer that your competitors do not? How big and competitive is your industry? How will you stand out against other small businesses? Are there any industry trends you should bring up?
6. Financial analysis
Investors and banks will be especially interested in this part. What is your plan to manage your business finances, and what is your projected revenue for the first three years of your business? You should go into detail about how you will distribute your funding and spell out what your investors will get out of it.
7. Owners/Staff
In this section, you can give a brief overview of your business's history. Who are the owners and lead staff members of your business and what important skills or credentials do they bring?
8. Implementation plan
What is your framework and timeline to move from a concept to launching an actual business?
Effective executive summary examples
Sitting down to start writing an executive summary and putting all the pieces together can be challenging .
To think about it differently, you might consider grouping the above details into a few specific categories:
Mission statement
What are the core values and central purpose of your business?
Company information
What products or services do you offer, how long has your business been in operation, who are the owners and lead staff members, and how many business locations do you manage?
Financial summary
What is the current and projected state of your finances and do you need an investor to help you expand?
Future goals
What objectives or projects will this financial investment be used for?
Keep in mind that, as you write your own executive summary, you should consider the industry and market that you are entering, the customers you’ll be interacting with, and the things your business will need to succeed (financial backing, upfront costs, additional workforce, etc). Here’s an example of a good executive summary template to guide you as you embark on writing your own executive summary.
Executive summary/business plan example: Vegan Protein Blitz
Company: Vegan Protein Blitz: Animal-free protein powder
Our Mission
Vegan Protein Blitz: Animal-Free Protein Powder offers 25 grams of protein per serving without any use of animal protein—similar to, and in many cases, more than, the average amount of protein in similar products. We intend to appeal to those within the fitness community who are looking for a great-tasting protein powder without compromising on the amount of protein per serving. With some vegan protein powder products on the market currently, we expect mild competition and are confident we will be able to build a strong market position.
The Company and Management
Vegan Protein Blitz: Animal-Free Protein Powder was founded in 2018 by Sarah Bailey, a certified personal trainer and former food scientist, who couldn’t find a vegan protein powder that tasted good and provided the amount she needed to fuel her fitness routine. Her kitchen is based in San Diego, California, where she employs two full-time employees and three part-time employees.
Along with Sarah Bailey, Vegan Protein Blitz: Animal-Free Protein Powder has a board of advisors. The advisors are:
- Laura Henry, partner at Food Inc.
- Kristin Smith, CEO of Just Nuts Vegan Health Bars
Our Product
We offer animal-free protein powder that is made with all-natural sugar sources and no preservatives. Our customers are health-conscious and serious about fueling their bodies with animal-free whole foods. We plan to grow quickly, with an initial goal of building a full-time marketing team of fitness advocates and professionals who understand the industry and our customers’ needs.
Our Competitive Advantages
While there are other vegan protein powders on the national market, there are none that are made with all-natural sugar and with a comparable amount of protein as that of an animal-based powder. With the expertise of our founder Sarah Bailey, we also stand out as a company that truly understands the audience. Please see our market research (Section 3) for more information on why consumers are demanding this expertise.
Financial Considerations
Our sales projections for the first year are $600,000 with a 10% growth rate over the next two years. By year three, we project 55% gross margins and will have ten full-time employees. The salary for each employee will be $60,000 USD.
Startup Financing Requirements
We are seeking to raise $250,000 in startup funds to finance the first year. The owner has invested $40,000 to meet working capital requirements, and will use a loan of $80,000 to supplement the rest.
More executive summary templates
Need more business plan examples, or ready to create your own executive summary with a template? Here are a few we found around the web:
- US Small Business Association
- Template.net
Final tips for writing an executive summary
Earning investor interest in your business is critical to getting access to the things your business will need to succeed, and a solid executive summary can help you do that. Writing your full business plan first can help you get clarity on the strongest key points of your business proposal, which you can use to build out your executive summary.
Most importantly, keep this section of your business plan straightforward and concise, making it easy for the reader to understand what you’re doing and why it matters.
Brush up on your writing skills
You're an entrepreneur, and you probably didn't start your business to write business plans . Free online editing tools and resources like Hemingway and Grammarly can help you punch up and polish your writing. Just copy and paste your executive summary into the software, and it will let you know where your writing needs to be more clear.
Get to the point
Remember what we said about keeping it short? We mean it. Even if there's a really clever sentence that you're super proud of, it's gotta go if it doesn't contribute to your summary. You don't want to give too much detail (that's what the rest of your business plan is for!) or repeat yourself.
Always proofread your work a couple of times before calling it a day! Reading your executive summary out loud can help you identify awkward phrasing and catch any typos you might have missed. Another idea is to copy and paste it into a text-to-speech program to hear what it sounds like out loud. It also helps to print out your executive summary and edit the physical document, which helps you see it from a fresh perspective.
Get feedback
If you have a kind friend, family member, or fellow business owner, you should ask them to take a look at your executive summary/business plan and give their constructive criticism. If they understand your goals and plan and seem excited about your idea, that's a good sign! If they give your business plan back to you with a bunch of red marks and a confused look on their faces, that's probably a sign for you to make sure your executive summary flows more logically.
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Everything you need to write a killer executive summary for your business plan
What is Executive Summary—and Why Should You Care?
Executive Summary is the first and most important section of a business plan, providing a snapshot of the overall plan with the aim to compel the reader to continue reading the full document by highlighting its most important components and strengths .
Keep reading for insider tips from a professional business writer on how exactly to write a captivating executive summary that will maximize the impact and success of your business plan.
You’ll discover:
- Why: Critical importance of an executive summary
- What: The key elements you need to include
- How: The best structure—length, layout and components
Importance: Why is Executive Summary Important in a Business Plan?
Executive summary is the most important part of a business plan because it is the first and only opportunity to grab readers’ interest as they review this section prior to deciding whether or not to read the rest of the document.
No matter how excellent your business idea, it is the executive summary alone that persuades a reader to spend more time with the plan to find out more about your venture.
Some financiers receive hundreds of business plans every month. Understandably, they do not read them all . Instead, they can tell in a couple of paragraphs if it is something they may be interested in.
The Executive Summary is so important, in fact, that some investors and lenders prefer to receive just the summary and financials before requesting the full business plan. So if you can hook your readers here, they will ask for more.
Similarly, senior decision-makers on many company or bank boards and committees will often read nothing else than an executive summary when approving a decision to back a business.
In other words, your Executive Summary is the first impression many readers will get of your business. Make sure it is a great one. Only a clear , concise , and compelling summary of your business right up front twill persuade readers to wade through the rest of the plan.
Contents: What Should an Executive Summary for a Business Plan Include?
Executive summary brings the separate parts of a business plan together to sum up what the business is, where it is going, why it will be successful – and why it is worthy of backing . Highlight the most important and impressive facts about the company , management , offering , market , strategy and financials .
When completed, your executive summary will answer these questions for your readers:
- What is your business all about ?
- What are the most compelling qualities?
- Is the business likely to succeed and why?
Executive summary is an introduction to your business, which provides a brief snapshot of your plan as a whole. To that end, concisely highlight the most important concepts and impressive features from each section of your completed plan, addressing the following areas:
Essentially, you should make it crystal clear to the that a compelling market opportunity exists for your product/service and demonstrate that your business is well-positioned to exploit it .
Remember to be brief and concise . Organize the information in a way that gives the best impression of your business to your target reader. Combine related topics if that improves the flow of the document.
If the readers of your executive summary conclude that the above elements exist in your business, they are likely to commit to reading the rest of your business plan.
So, let’s examine each of the key elements in more detail to make the reader excited about the potential of your business plan and interested to read further:
Mission Statement
Answer this question for your readers:
- What is your business on a mission to create and why?
Aim: Convince the reader that your basic business concept makes sense.
Give a concise overview of your business idea, purpose and goals. Summarize why you have created this company and what your business is all about in one or two sentences, but no more than a paragraph.
Products and Services
Answer these questions for your readers:
- What product(s) and/or service(s) does your business provide?
- What problems are you solving for your target customers and how?
- What makes your product/service different and compelling for the customers to buy?
Aim: Demonstrate to the reader that your product/service solves a real problem in the market and that the problem is worth solving.
Briefly describe the products and services your company provides and what problems you solve for your target customers, making the case for why your product will be successful:
Description:
List the products or services your company sells or plans to sell.
Problem & Solution:
Explain the need for the products or services:
- Problem: Summarize the problem your product/service solves and why it is worth solving. In other words, what is it that your customers need and cannot find elsewhere.
- Solution: Summarize how you will solve the problem that your customers face.
Value Proposition:
Outline why your product or service will be valuable to your customers and the advantages that will make it compelling enough for them to purchase.
Market Opportunity
- Who are your (ideal) target customers?
- Is there a real market demand for your product/service?
- What is the size of the market opportunity?
Aim: Convince the reader that large and compelling market demand opportunity exists for your product/service.
List the target market you intend to reach and explain why you chose it:
Target Market:
Provide a brief description of your ideal customers and how do they break down into recognizable types or segments.
Market Analysis:
Indicate that you have done thorough market analysis by providing a summary of your market research results, including:
- How many potential customers are there for your solution (target market)
- What proportion of the market your company can reasonably capture (market share)
- Forecast estimating what the future holds for the industry and market demand
Competitive Advantage
- Who are your competitors?
- How is the market currently divided?
- What advantages does your company have over the competition?
Aim: Convince the reader that your business has a significant competitive edge to succeed in your target market.
This section is where you describe the gap in your target market, how your solution can fill it, and the competitive advantages that will enable you to exploit this market gap.
Hence, include information about your competition and what differentiates your business:
Competitors and Market Distribution:
Who are you up against? What other options do your customers have to address their needs? Indicate the nature of your competition and how the market is currently divided.
Competitive Advantage:
What comparative advantage does your product/service have?
Show your conclusions on your company’s competitive position and why your company will be able to compete successfully. Remember to list any important distinctions, such as patents, major contracts, or letters-of-intent.
Unique Selling Proposition:
What unique selling proposition will help your business succeed?
What makes your solution better for your customers compared to the competition?
Is competition going to get tougher?
Summarize your conclusions on whether competition is going to intensify going forward.
Company Description
Company information:.
- Is the management team capable?
- What are the basic details of your business?
- What is the company’s current stage of development?
- What are some of the milestones you’ve met?
Aim: Convince the reader that your business has the right structure and capable management team in place to succeed.
Your goal is to demonstrate that you are well-positioned to exploit the market opportunity by highlighting the positive factors in your company’s management, structure and history.
Company Details:
Include a short statement that covers the basic company details, such as the company name, when your business was formed, the names of the founders and their roles, number of employees, business location(s), and legal status.
Stage of Development:
State whether your company is a startup or continuing business, when it was founded, how far along the product or service is in its creation, and if you’ve already made sales or started shipping.
Track Record:
- If you are an established business, provide a brief history of the company’s trading activity to date, including financial and market growth highlights.
- If you are just starting a business, you won’t have as much information as an established company. Instead, focus on your experience and background as well as the decisions that led you to start this particular enterprise.
Management:
Briefly describe the bios of the key members of your management team , particularly those of company founders/owners , as well as the key professional advisors .
What do they bring to the table that will position your company well to take advantage of the market opportunity and make the business a success?
Highlight management’s vision and passion , along with the relevant skills , experience , qualifications , subject-matter expertise , business acumen , industry connections and other capabilities as they relate to the venture.
Operations:
Showcase the key operational features that will give the business a competitive edge.
This could include anything from an advantageous location, through innovative manufacturing technology and processes, to preferential supplier and distribution agreements – and anything in between.
Outline the strategy to achieve the company’s goals and continuously strengthen its competitive position.
Next, indicate the keys to success that you intend to use in order to implement that strategy, such as:
- Marketing and Sales: Briefly describe the methods you will utilize to reach your target customers to market your offering and secure sales.
- Operations and Resources: Summarize the most important resources and operational features your company will deploy to implement its strategy.
Address your plans for where you would like to take your business in the future.
Spell out the objectives you have for the company, what you plan to do:
- Where do you expect the business to be in 1 year, 3 years, 5 years ?
- What are some of the key milestones you plan to meet?
- What are your long-term goals ?
- What is your potential exit strategy ?
Make an educated projection for the expected performance of your business, including:
- Sales volume and value
- Cash flow position
- Profitability
- Number of employees
- Number of locations
- Market share
- New products
Financial Forecast
Summarize the expected financial outlook and performance for your business, answering the following questions for your readers:
- How much do you expect to make in the first year of your business?
- What kind of growth do you expect to see in the following years?
- If you do not expect your business to be profitable , do you have a strategic reason for running at a loss?
- What are the key metrics that you need to watch?
- Will your backers (if any) be able to get their money back and when ?
- Are your financial projections realistic ?
In general, it is customary to indicate financial information for years one through three or five , depending on the requirements of the business plan reader. Typically, this includes Year 1 and Year 3 / 5 results; and Year 10 / long-term goals.
However, your readers can find the detail of the projected financials further on in the plan. In this section, only provide the highlights of your forecast and encourage the reader to keep reading to learn more about your company.
Funding Requirements
How will you fund your business to get it started and grow it to the next level?
- Is it already self-sufficient?
- Do you plan to invest your own money?
- Do you seek outside financing?
If the business does not require any outside financing, you can note that here or just remove this section from your plan altogether.
When you are using the business plan for financing purposes, explain how much money is needed, from whom, and how you will utilize it to grow your business, hinting at an exit opportunity:
- Existing Source of Funds: Include information about your current lenders and investors, if any.
- Funding Requirements: Indicate how much money you are seeking, from what sources, and perhaps even under what conditions.
- Use of Funds: Specify how the raised funds will be used.
- Exit Strategy: Hint at how the backers will get their money out, with the expected timing and returns.
Tips: How Do You Write an Executive Summary?
Writing an executive summary is arguably the most fun – and important – part of writing a business plan.
You have already completed all the research, thinking and writing about market demand, competition, strategy, operations and financials.
All that is left to do now is to summarize the key conclusions into a coherent narrative , answering the million-dollar question:
Why is your plan worthy of backing?
Here are 7 tried and tested tips to prepare a compelling summary of your business that will convince the readers to read through the rest of your plan:
Target Audience (Tip #1)
Ask yourself: “Who will be reading my business plan?”
Since the summary is what the reader reads first, and may be the only section read at all, you can significantly improve your chances of a positive reception if you know the answer to that question before you prepare your executive summary.
Remember, your reader is only going to spend a few minutes , or even seconds , on your executive summary. This is especially true if you are targeting busy investors or lenders for whom it is not unusual to review more than 1,000 each year.
Naturally, the readers are going to focus on the issues that interest and concern them most . If you understand their priorities, you will be better able to craft the summary to “push the right buttons”. For example:
- Bankers are likely to look for aspects of your business that minimize risk to make sure the loan is secure and they will get their money back.
- Investors are focused on aspects that maximize the potential of your company scaling significantly and rapidly, because they will receive a share of that success.
- Management may be interested in accessing new markets for the company.
Do your homework to discover the interests and concerns of your most likely business plan recipients, and then write and organize the summary in a way that most appeals to your target audience:
- Place the issues most important to the reader near the top of your summary.
- Order the sections in any way that gives the best impression of your business to your target reader.
- In the text itself, give more emphasis to those aspects that concern your reader most.
If you are not able to identify the specific person who will read your plan, just focus on the general type of a person that is most likely to receive it and their concerns.
However, it is not a good idea to tailor the executive summary for just one specific person or organization, especially if your plan is likely to end up in the hands multiple and/or unknown recipients.
To be on the safe side, target your summary to address general institutional concerns rather than individual preferences.
Insider Tips: Writing a Winning Executive Summary
Convey your enthusiasm (tip #2).
The Executive Summary enables the readers to quickly understand the highlights of your business and decide whether to commit more of their time to reading the full plan.
To that end, you need to motivate and entice the readers by your own optimism about how well-positioned your business is to exploit a compelling market opportunity, conveyed in a dynamic , positive and confident tone.
Write Executive Summary Last (Tip #3)
Your executive summary will be the last chapter of the business plan that you prepare.
Even though the executive summary always appears first in the completed document, it is usually crafted last after you have had a chance to carefully consider all key aspects of your business throughout the rest of the plan.
The executive summary is the place where you bring all your planning together and sum up the separate parts of your business proposal to provide an overall outline and highlight the strengths of your entire plan.
Therefore, you will find it much easier and faster to come back and produce this section once you have completed the rest of your business plan.
That way, you will have thought through all the elements of your business, work out the details, and be prepared to summarize them. This approach will not only increase the consistency and accuracy of the plan, but also help make it more compelling .
So, if you have not yet finalized the other sections of your plan, proceed to the next section, and return to the executive summary when you have completed the rest of your plan.
Once finished, the executive summary will become “ Chapter 1 ” of your business plan document.
Summarize Highlights (Tip #4)
A good summary contains highlights from all of the subsequent sections of the business plan.
To achieve that, select the key points from each section of your completed plan by summarizing conclusions you have reached in each area. Remember to focus only on the most important and impressive features of your business.
What sets your business apart from the competition? Early on in your summary, showcase your distinguishing qualities and make sure you describe your winning concept in a way that any reader can easily grasp .
Use logical writing to tell a story, freely changing the order of sections and combining related topics if that helps to improve the flow and make a good impression.
Make Each Word Count (Tip #5)
The executive summary provides a brief snapshot of your business, casting a spotlight on the most important facts and concepts from your entire business plan.
As a result, this section should be clear , concise and to the point. Make each word should count.
Avoid Jargon (Tip #6)
In case the summary read by people unfamiliar with your industry, avoid any technical jargon or provide sufficient explanatory notes .
Edit, Edit, … And Edit Some More (Tip #7)
By the time you reach the executive summary, you may be tired from all the planning and writing. However, remember that this really is the most important section of the business plan.
The best investment you can make is to spend sufficient time to perfect the summary, including ruthless editing . There are professional editors who can help you make it flawless.
Design: How Do You Design an Executive Summary?
Looks matter. Your business plan will be well researched, analysed and written, but it must also be well presented. While your plan will ultimately be judged on the quality of your business concept and strategy, you also want to make sure it gives the best first impression possible.
And nowhere is presentation more important than in the executive summary, because for all readers it will be the first page(s) they read – and some will read nothing else.
The key advice here is: Break it Up . Large, dense blocks of text intimidate readers.
Dividing the Summary text with paragraph headings, bullet points and white space makes the information on a page more inviting and appealing:
- Paragraphs: Break up the Summary into paragraphs that roughly mirror the sections of your business plan
- Brief: Keep each topic as brief as possible
- Subheads: Insert informative topic headings at the beginning of each paragraph to help readers’ quick comprehension
- Bullets: Use bullet points to highlight the most compelling information
- Numbers: Use numbers instead of words where appropriate
- Visuals: Include a (small) chart or graph if it helps to clarify an important point
- Spacing: Use white space to break up the text to make the page look less intimidating. Single space text, but leave an extra line of space between paragraphs.
Because you are limited to so few pages, it may seem counterintuitive to give up space for visual considerations, but these effective techniques make your Summary much more accessible to the business plan readers.
The way you prepare and present the executive summary is an indicator of your professionalism. A polished Summary sheds a favourable light on your business. A sloppy one works against you.
Length: How long is an executive summary?
The executive summary in a business plan should be no more than 2-3 pages in length, with 1 page being perfectly acceptable and often preferable. The advantage to the busy business plan reader is that they are able to skim through this short summary in a few seconds and read it in full in less than 5 minutes .
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How To Write an Executive Summary for a Business Plan + Example
Written by Dave Lavinsky
Executive Summary of a Business Plan
The Executive Summary is the most important part of your entire business plan . This is because it’s the first section in your plan, and if it doesn’t excite readers, they won’t continue reviewing it. Importantly, there is a way to ensure your executive summary is compelling and includes the key information readers expect. In this article, you’ll learn how to craft the perfect executive summary for your business plan.
Download our Ultimate Business Plan Template here >
Table of Contents:
What is an Executive Summary?
Why do i need an executive summary.
- How Long Should an Executive Summary Be for a Business Plan?
How To Write an Executive Summary for a Business Plan + Template
- Sample Executive Summary
An executive summary of a business plan gives readers a high-level overview of your business plan and highlights its key points.
The executive summary should start with a brief overview of your business concept. Then it should briefly summarize each of the key elements of your business plan: your industry analysis , customer analysis , competitive analysis , marketing plan , operations plan , management team , financial plan and funding needs.
If presented for funding, the executive summary provides the lender or investor a quick snapshot which helps them determine their interest level and if they should continue reading the rest of the business plan.
An effective executive summary is a quick version of your complete business plan. You need to keep it simple and succinct in order to grab the reader’s attention and convince them it’s in their best interest to keep reading.
As mentioned above, your business plan is a detailed document that requires time to read. Capture the attention of your intended audience with a concise format that provides an compelling overview of your plan to save them time and indicate which parts of the business plan may be most important to read in detail. This increases the odds that your business plan will be read and your business idea understood. This is why you need a well-written executive summary.
How Long Should a Business Plan Executive Summary Be?
When structuring your business plan executive summary, the first thing to keep in mind is that it should be short and comprehensive. The length of your executive summary should never exceed 3 pages; the ideal length is one or two pages.
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To write a compelling executive summary, follow the steps below and use this free executive summary template as a guide:
1. State the Problem and/or Business Opportunity
Generally there is a gap or a problem in the market which your business aims to solve. This is your problem statement and it must be included in the summary, as potential investors want to understand if the world truly needs your company’s products and/or services.
2. Briefly Describe Your Business Idea
The next thing a reader would want to know is how you plan to approach the problem and solve it. This is your business model and it should briefly describe how your product or service can help solve the problem.
3. Provide Key Information About Your Company History
The best indicator of future success is past success. Your company’s history helps the reader understand how your business has evolved and grown over the years and what you’ve been able to accomplish. Even startups have generally accomplished milestones like choosing a business name, conceiving products, finding a location, etc.
4. Conduct Market Research About Your Industry
Conducting thorough market research will help you detail the industry in which you are operating, it’s size and if any trends are positively or negatively influencing it. This gives readers a sense of the size of the opportunity you are pursuing.
5. Identify the Target Market or Ideal Customer
Every business has a target customer base or a target market on which they focus. Here you will detail your target customers including their demographic and psychographic profiles.
6. Explain Your Competitive Advantage
When you venture into a market or an industry, there are generally other players with which you compete. Knowing your competition is crucial to your success. Readers of your plan want to know who your competitors are, their strengths and in what areas you will have competitive advantage. Discussing the competitive landscape is a crucial component of a strong executive summary.
7. Establish Relevant Milestones For Your Business To Achieve
In addition to showing relevant milestones your company has achieved, you need to explain your timeline for milestones or essential points in the future. Include dates you hope to launch products, achieve sales milestones, hire key employees, etc.
8. Develop a Financial Plan
If you are requesting funding from investors or banks, they will want to know how you are going to their funds. Include key financial information regarding how and where you plan to allocate the funds should be included in the summary. For existing businesses, you should also provide a history/summary of past financial performance. Finally, for all businesses, you need to provide future financial projections so investors can determine whether they might get an adequate return from investing in you and lenders can ascertain whether or not you will be able to repay your debts.
9. Describe the Qualifications of Your Management Team
In this section, you will introduce the key members of your team. The success or failure of your company depends largely on the parties involved. So, any reader surely wants to know how well equipped your team is. Mention key staff members and the experience and skills they bring, in the executive summary.
Whether you’re a large or small business, your executive summary is the first thing someone reads that forms an opinion of your business. Whether they decide to read your detailed business plan or push it aside depends on how good your executive summary is. We hope this guide helps you craft an effective and impactful executive summary. That way, readers will be more likely to read your full plan, request an in-person meeting, and give you funding to pursue your business plans.
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Looking to get started on your business plan’s executive summary? Take a look at the great executive summary example below.
Business Plan Executive Summary Example
Shoutmouth.com executive summary, business overview.
Launched late last year, Shoutmouth.com is the most comprehensive music news website on the Internet.
Music is one of the most searched and accessed interests on the Internet. Top music artists like Taylor Swift receive over 5 million searches each month. In addition, over 500 music artists each receive over 25,000 searches a month.
However, music fans are largely unsatisfied when it comes to the news and information they seek on the artists they love. This is because most music websites (e.g., RollingStone.com, MTV.com, Billboard.com, etc.) cover only the top eight to ten music stories each day – the stories with mass appeal. This type of generic coverage does not satisfy the needs of serious music fans. Music fans generally listen to many different artists and genres of music. By publishing over 100 music stories each day, Shoutmouth enables these fans to read news on all their favorite artists.
In addition to publishing comprehensive music news on over 1200 music artists, Shoutmouth is a social network that allows fans to meet and effectively communicate with other fans about music, and allows them to:
- Create personal profiles
- Interact with other members
- Provide comments on news stories and music videos
- Submit news stories and videos
- Recommend new music artists to add to the community
- Receive customized news and email alerts on their favorite artists
Success Factors
Shoutmouth is uniquely qualified to succeed due to the following reasons:
- Entrepreneurial track record : Shoutmouth’s CEO and team have helped launch numerous successful ventures.
- Monetization track record : Over the past two years, Shoutmouth’s founders have run one of the most successful online affiliate marketing programs, having sold products to over 500,000 music customers online.
- Key milestones completed : Shoutmouth’s founders have invested $500,000 to-date to staff the company (we currently have an 11-person full-time team), build the core technology, and launch the site. We have succeeded in gaining initial customer traction with 50,000 unique visitors in March, 100,000 unique visitors in April, and 200,000 unique visitors in May.
Unique Investment Metrics
The Shoutmouth investment opportunity is very exciting due to the metrics of the business.
To begin, over the past five years, over twenty social networks have been acquired. The value in these networks is their relationships with large numbers of customers, which allow acquirers to effectively sell to this target audience.
The sales price of these social networks has ranged from $25 to $137 per member. Shoutmouth has the ability to enroll members at less than $1 each, thus providing an extraordinary return on marketing expenditures. In fact, during a recent test, we were able to sign-up 2,000 members to artist-specific Shoutmouth newsletters at a cost of only 43 cents per member.
While we are building Shoutmouth to last, potential acquirers include many types of companies that seek relationships with music fans such as music media/publishing (e.g., MTV, Rolling Stone), ticketing (e.g., Ticketmaster, LiveNation) and digital music sales firms (e.g., iTunes).
Financial Strategy, Needs and Exit Strategy
While Shoutmouth’s technological, marketing and operational infrastructure has been developed, we currently require $3 million to execute on our marketing and technology plan over the next 24 months until we hit profitability.
Shoutmouth will primarily generate revenues from selling advertising space. As technologies evolve that allow us to seamlessly integrate music sampling and purchasing on our site, sales of downloadable music are also expected to become a significant revenue source. To a lesser extent, we may sell other music-related items such as ringtones, concert tickets, and apparel.
Topline projections over the next three years are as follows:
Download our executive summary example business plan PDF .
By writing an executive summary that highlights your business’s potential and key strengths, you can entice your target audience to delve deeper into your full business plan. Remember, this is your chance to make a strong first impression and convince them your idea is worth their investment. Take the time to refine your summary, ensuring it’s concise and informative, and leaves the reader wanting more. With a well-written executive summary, you’ll be well on your way to securing the funding or support you need to turn your business dream into a reality.
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How to Write an Executive Summary
9 min. read
Updated December 13, 2023
An executive summary isn’t just the beginning of your business plan – it’s your opening act, your first chance to impress potential investors, banks, clients and other stakeholders.
An effective executive summary gives decision-makers critical information about your business instantly.
Creating an executive summary is more than just a writing exercise. It requires careful crafting and strategic thinking, as well as an ability to balance the needs to be both succinct and comprehensive.
- What is an executive summary?
The executive summary is a brief introduction and summary of your business plan. It introduces your business, the problem you solve, and what you’re asking from your readers. Anyone should be able to understand your business by simply reading this section of your plan.
While structurally it is the first chapter of your plan—you should write it last. Once you know the details of your business inside and out, you will be better prepared to write this section.
- Why write an executive summary?
The business plan executive summary provides quick access to critical information from your more detailed business plan.
It is essential for informing anyone outside of your business. Many people—including investors and bankers—will only read your summary. Others will use it to decide if they should read the rest. For you, it is a snapshot of your business to reference when planning or revising your strategy.
Now if you’re writing a business plan solely for internal use you may not need an executive summary. However, some internal plans may necessitate writing an executive summary for assignment—such as for an annual operations plan or a strategic plan .
It takes some effort to do a good summary, so if you don’t have a business use in mind, don’t do it.
- How long should it be?
Business plan executive summaries should be as short as possible. Your audience has limited time and attention and they want to quickly get the details of your business plan.
Try to keep your executive summary under two pages if possible, although it can be longer if absolutely necessary. If you have a one-page business plan, you can even use that as your executive summary.
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- Executive summary outline
Two pages isn’t a ton of space to capture the full scope of your vision for the business. That means every sentence of your executive summary counts.
You will want to immediately capture the reader’s attention with a compelling introduction. Without getting too lengthy, present who you are as an organization, the problem you are seeking to solve, your skills, and why you are the best entity to solve the problem you’ve outlined.
It’s crucial to establish the need or problem your business is solving in a clear manner, in order to convince your audience that it must be addressed. Following that, recommend the solution and show its value. Be clear and firm in your recommendation, making sure to justify your cause and highlighting key reasons why your organization is the perfect fit for the solution you’re proposing. Finally, a strong conclusion is needed to reiterate the main points and wrap up the executive summary.
What to include in your executive summary
1. business overview.
A one-sentence description that explains what you do, why you do it, and how you do it.
Summarize the problem you’re solving in the market and reference any data that solidifies that there is a need.
3. Solution
Describe your product or service and how it addresses the problem you identified.
4. Target market
Who is your ideal customer? Describe who they are, how they’ll benefit, and why they’re an attainable customer base.
5. Competition
Who are your competitors? List out any primary competition as well as alternatives that your customers may consider. Include key details about their current offerings, promotions, and business strategy.
6. Your team
In your executive summary, outline your organizational structure and current team. List out brief explanations of who you and your team are, your qualifications, and what your function will be within the business. It may be valuable to also highlight any gaps in your team and how you intend to fill them. If you have potential partners or candidates in mind, briefly mention them and expand on their qualifications within your full business plan.
7. Financial summary
Highlight key aspects of your financial plan that address sales, expenses, and profitability. Try to keep these in chart or graph form to ensure the information is easy to consume and resonates visually.
8. Funding requirements
This section is only necessary if you’re seeking out funding or pitching to investors. Be sure to throw out your financing number and reasoning upfront, rather than hiding it later on in your plan. It helps investors understand your position, what you’re asking for, and how you’ll use it.
9. Milestones and traction
Add initial sales, pre-sales, newsletter sign-ups, or anything else that showcases customer interest. Outline what steps you’ve already taken to launch your business, the milestones you’ve hit, and your goals and milestones for the next month, six months, year, etc.
Executive summary vs introduction
A common mistake some people make when starting an executive summary outline is thinking it performs the same function as the introduction to their business plan. In fact, the two serve different purposes and contain different types of information, even though they are both essential.
As we’ve discussed, the executive summary is a high-level overview of the entire business plan. The introduction, by contrast, dives deeper into your business, providing information about the nature of your business, the history of your company, your mission statement, products or services, and the specific problem that your business solves.
The introduction is more detailed, and usually comes right after the executive summary.
On the other hand, the introduction gives investors or lenders – anyone reading your business plan – a sense of why they should continue reading. Think of it more as the space to tell stakeholders why you are speaking to them. An executive summary can also serve this purpose, but the introduction is meant to speak more directly to your target audience, while an executive summary could give a larger audience a general overview of your business.
Tips for writing an effective executive summary
Here are a few best practices to make writing your executive summary easier, and ultimately more effective.
1. Think of an executive summary as your pitch
The executive summary is like an elevator pitch. You’re selling someone on reading your full plan while quickly summarizing the key points. Readers will expect it to cover certain areas of your business—such as the product, market, and financial highlights, at the very least.
While you need to include what’s necessary, you should also highlight areas that you believe will spark the reader’s interest. Remember, you’re telling the brief but convincing story of your business with this summary. Just be sure that you’re able to back it up with the right details with the rest of your business plan.
2. Write it last
Even though the executive summary is at the beginning of a finished business plan, many experienced entrepreneurs choose to write it after everything else. In theory, this makes it easier to write since all of the information is already written out and just needs to be condensed into a shorter format.
Now, if you’ve started with a one-page plan, this process is even easier. Just use your one-page plan as a starting point and add additional details to any sections that need it. You may even find that no changes are necessary.
3. Keep it short
Ideally, the executive summary is short—usually just a page or two, five at the outside—and highlights the points you’ve made elsewhere in your business plan. Whatever length you land on, just focus on being brief and concise. Keep it as short as you can without missing the essentials.
4. Keep it simple
Form follows function, so don’t overcomplicate or over-explain things. The best executive summaries are a mixture of short text, broken up with bullets and subheadings, and illustrations, such as a bar chart showing financial highlights.
Run through a legibility test after writing your summary. Is it easy to skim through? Are the right pieces of information jumping out? If the answer to either of those questions is no, then work back through and try breaking up information or adjusting the formatting.
5. Create an executive summary outline based on importance and strengths
Organize your executive summary outline so that the most important information appears first. While there are specific components to include, there is no set order of appearance. So, use the order to show emphasis.
Lead with what you want to get the most attention, and add the rest by order of importance. For example, you may start with the problem because that can add drama and urgency that tees up the solution you provide.
Additional resources to write a great executive summary
Need more information and guidance to craft a convincing executive summary? Check out these in-depth resources and templates.
Key mistakes to avoid when writing an executive summary
Here are the critical mistakes you should avoid when writing your executive summary.
How to write your executive summary for specific audiences
The executive summary should tell your audience exactly what your business is, what it does, and why it’s worth their time. Here’s how you can take it a step further and fine-tune it for specific people.
How to develop a mission statement
Learn to put a heart behind the business and create an easy-to-understand narrative by writing a mission statement.
Executive Summary FAQ
What is in an executive summary?
The executive summary of a business plan is a brief introduction and summary of your business strategy, operations, and goals.
What is the purpose of an executive summary?
An executive summary is typically written to convince someone to read your more detailed plan. For investors, it may be the only thing they look at when deciding if they’d like to hear your pitch. Loan officers may review it to determine if your business seems financially sound. And partners, mentors, or anyone else may use it to determine if they want to be involved with your business.
How do you start an executive summary?
While there is no required order for an executive summary, it’s often recommended that you lead with the problem you’re solving or the purpose of your business. This will help frame your intent for the reader, and ideally make them more interested in learning more.
How do you write a good executive summary?
A good executive summary is brief, convincing, and easy to read. Focus on keeping things short and concise, only including necessary information. Be sure to lead and highlight anything that is especially interesting or important about your business. And after writing, spend some time reviewing and reformatting to make your summary as attractive to read as possible.
Tim Berry is the founder and chairman of Palo Alto Software , a co-founder of Borland International, and a recognized expert in business planning. He has an MBA from Stanford and degrees with honors from the University of Oregon and the University of Notre Dame. Today, Tim dedicates most of his time to blogging, teaching and evangelizing for business planning.
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Executive Summary of the Business Plan
How to Write an Executive Summary That Gets Your Business Plan Read
Susan Ward wrote about small businesses for The Balance for 18 years. She has run an IT consulting firm and designed and presented courses on how to promote small businesses.
CP Cheah / Getty Images
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.
Think of the executive summary as an advance organizer for the reader. Above all else, it must be clear and concise. But it also has to entice the reader to read the rest of the business plan.
This is why the executive summary is often called the most important part of the business plan. If it doesn’t capture the reader's attention, the plan will be set aside unread—a disaster if you've written your business plan as part of an attempt to get money to start your new business. (Getting startup money is not the only reason to write a business plan; there are other just-as-important reasons .)
Because it is an overview of the entire plan, it is common to write the executive summary last (and writing it last can make it much easier).
What Information Goes in an Executive Summary?
The information you need to include varies somewhat depending on whether your business is a startup or an established business.
For a startup business typically one of the main goals of the business plan is to convince banks, angel investors , or venture capitalists to invest in your business by providing startup capital in the form of debt or equity financing .
In order to do so you will have to provide a solid case for your business idea which makes your executive summary all the more important. A typical executive summary for a startup company includes the following sections:
- Business Opportunity: Describe the need or the opportunity.
- Taking Advantage of the Opportunity: Explain how your business will serve the market.
- Target Market : Describe the customer base you will be targeting.
- Business Model : Describe your products or services and what will make them appealing to the target market.
- Marketing and Sales Strategy : Briefly outline your plans for marketing your products and services.
- Competition: Describe your competition and your strategy for getting market share. What is your competitive advantage, e.g. what will you offer to customers that your competitors cannot?
- Financial Analysis: Summarize the financial plan including projections for at least the next three years.
- Owners/Staff: Describe the owners and the key staff members and the expertise they bring to the venture.
- Implementation P lan: Outline the schedule for taking your business from the planning stage to opening your doors.
For established businesses, the executive summary typically includes information about achievements, growth plans , etc. A typical executive summary outline for an established business includes:
- Mission Statement : Articulates the purpose of your business. In a few sentences describe what your company does and your core values and business philosophy.
- Company Information: Give a brief history of your company —describe your products or services, when and where it was formed, who the owners and key employees are, and statistics such as the number of employees, business locations, etc.
- Business Highlights: Describe the evolution of the business and how it has grown, including year-over-year revenue increases, profitability, increases in market share, number of customers, etc.
- Financial Summary: If the purpose of updating the business plan is to seek additional financing for expansion, then give a brief financial summary.
- Future Goals: Describe your goals for the business . If you are seeking financing explain how additional funding will be used to expand the business or otherwise increase profits.
How Do I Write an Executive Summary of a Business Plan?
Start by following the list above and writing one to two sentences about each topic (depending on whether your business is a startup or an established business). No more!
The Easy Way of Writing One
Having trouble getting started? The easiest way of writing the executive summary is to review your business plan and take a summary sentence or two from each of the business plan sections you’ve already written.
If you compare the list above to the sections outlined in the business plan outline , you’ll see that this could work very well.
Then finish your business plan’s executive summary with a clinching closing sentence or two that answers the reader’s question, “Why is this a winning business?”
For example, an executive summary for a pet-sitting business might conclude: “The loving on-site professional care that Pet Grandma will provide is sure to appeal to both cat and dog owners throughout the West Vancouver area.”
(You may find it useful to read the entire Pet Grandma executive summary example before you write your own.)
Tips for Writing the Business Plan’s Executive Summary
- Focus on providing a summary. The business plan itself will provide the details and whether bank managers or investors, the readers of your plan don’t want to have their time wasted.
- Keep your language strong and positive. Don’t weaken your executive summary with weak language. Instead of writing, “Dogstar Industries might be in an excellent position to win government contracts,” write “Dogstar Industries will be in an excellent position.”
- Keep it short–no more than two pages long . Resist the temptation to pad your business plan’s executive summary with details (or pleas). The job of the executive summary is to present the facts and entice your reader to read the rest of the business plan, not tell him everything.
- Polish your executive summary. Read it aloud. Does it flow or does it sound choppy? Is it clear and succinct? Once it sounds good to you, have someone else who knows nothing about your business read it and make suggestions for improvement.
- Tailor it to your audience. If the purpose of your business plan is to entice investors , for instance, your executive summary should focus on the opportunity your business provides investors and why the opportunity is special. If the purpose of your business plan is to get a small business loan , focus on highlighting what traditional lenders want to see, such as management's experience in the industry and the fact that you have both collateral and strategies in place to minimize the lender's risk.
- Put yourself in your readers’ place. And read your executive summary again. Does it generate interest or excitement in the reader? If not, why? Also try giving it to a friend or relative to read, who is not engaged in the business. If you've done a good job on the executive summary, an impartial third party should be able to understand it.
Remember, the executive summary will be the first thing your readers read. If it's poorly written, it will also be the last thing they read, as they set the rest of your business plan aside unread.
Office of the Comptroller of the Currency. " Business Plan Guidelines ," Page 2.
Corporate Finance Institute. " Executive Summary ."
Iowa State University. " Types and Sources of Financing for Start-up Businesses ."
U.S. Small Business Administration. " Write Your Business Plan ."
Clute Institute. " Using Business Plans for Teaching Entrepreneurship ," Page 733.
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Business Plan & Pitch Presentation
- #1. Executive Summary
- #2. Description, Objectives, and Product/Services
- #3. Market Research
- #4. Marketing and Sales Plan
- #5. Financial Analysis and Projections
- #6. Appendix
- How To Pitch Your Business Plan
Executive Summary (Completed Last)
The executive summary is undeniably the most critical section of your business plan. It provides a concise overview, including key elements such as the business concept, mission, vision, market opportunities, offered products and services, financial projections, and noteworthy achievements or milestones.
A well-crafted executive summary is your opportunity to convince the reader that:
- Your business concept is sound.
- Your planning has been meticulous.
- Your management team is capable.
- A clear market opportunity exists.
- Your business boasts significant competitive advantages.
- Financial projections are realistic.
- Investors or lenders stand to profit.
Once all other sections of the business plan are completed (Sections 2, 3, 4, 5, and 6), it's time to compose the executive summary.
- << Previous: How To Write A Business Plan
- Next: #2. Description, Objectives, and Product/Services >>
- Last Updated: Sep 9, 2024 12:30 PM
- URL: https://guides.lib.usf.edu/business_plan
How to Write an Executive Summary (+ Examples)
- September 4, 2024
The executive summary is the cornerstone of any business plan, serving as a gateway for readers to understand the essence of your proposal.
It summarizes the plan’s key points into a digestible format, making it crucial for capturing the interest of investors, partners, and stakeholders.
In this comprehensive guide, we’ll explore what the executive summary is, why we use it, and also how you can create one for your business plan. Let’s dive in!
What is an Executive Summary?
An executive summary is a concise and compelling overview of a business plan (or simply a report), designed to provide readers, such as investors, partners, or upper management, with a quick and clear understanding of the document’s most critical aspects.
For a business plan, it summarizes the key points including the business overview , market analysis , strategy plan timeline and financial projections.
Typically, the executive summary is the first section of a business plan, but it should be written last to ensure it accurately reflects the content of the entire document.
The primary goal of an executive summary is to engage the reader’s interest and encourage them to read the full document.
It should be succinct, typically no more than one to two pages, and articulate enough to stand on its own, presenting the essence of the business proposal or report without requiring the reader to go through the entire document for basic understanding.
Why Do We Use It?
The executive summary plays a crucial role in whether a business plan opens doors to funding, partnerships, or other opportunities . It’s often the first (and sometimes the only) part of the plan that stakeholders read, making it essential for making a strong, positive first impression. As such, we use it in order to:
- Capture Attention: Given the volume of business plans investors, partners, and lenders might receive, an executive summary’s primary function is to grab the reader’s attention quickly. It highlights the most compelling aspects of the business to encourage further reading.
- Save Time: It provides a succinct overview of the business plan, allowing readers to understand the key points without going through the entire document. This is particularly beneficial for busy stakeholders who need to make informed decisions efficiently.
- Facilitate Understanding: An executive summary distills complex business concepts and strategies into a concise format. Therefore, it makes it easier for readers to grasp the business’s core mission, strategic direction, and potential for success.
- Driving Action: By summarizing the financial projections and funding requirements, an executive summary can effectively communicate the investment opportunity. Indeed the investment opportunity, whether to raise money from investors or a loan from a bank, is the most common reason why we prepare business plans.
- Setting the Tone: The executive summary sets the tone for the entire business plan. A well-written summary indicates a well-thought-out business plan, reflecting the professionalism and competence of the management team.
How to Write an Executive Summary in 4 Simple Steps
Here’s a streamlined approach to crafting an impactful executive summary:
1. Start with Your Business Overview
- Company Name: Begin with the name of your business.
- Location: Provide the location of your business operations.
- Business model: Briefly describe how you make money, the producfs and/or services your business offers.
2. Highlight the Market Opportunity
- Target Market : Identify your target market and its size.
- Market Trends : Highlight the key market trends that justify the need for your product or service.
- Competitive Landscape : Describe how your business is positioned to meet this need effectively.
3. Present Your Management Team
- Team Overview: Introduce the key members of your management team and their roles.
- Experience: Highlight relevant experience and skills that contribute to the business’s success.
4. Include Financial Projections
- Financial Summary: Provide a snapshot of key financial projections, including revenue, profits, and cash flow over the next three to five years.
- Funding Requirements: If seeking investment, specify the amount needed and how it will be used.
2 Executive Summary Examples
Here are 2 examples you can use as an inspiration to create yours. These are taken from our coffee shop and hair salon business plan templates.
Coffee Shop Executive Summary
Hair Salon Executive Summary
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The purpose of an executive summary. If there's one section of your business plan everyone is going to read, it's the executive summary. Your business plan's executive summary exists to give readers an overview of the entire document. It should outline what they can expect to learn and motivate them to keep reading on.
By the time you reach the executive summary, you may be tired from all the planning and writing. However, remember that this really is the most important section of the business plan. The best investment you can make is to spend sufficient time to perfect the summary, including ruthless editing. There are professional editors who can help you ...
An executive summary is the first section of a business plan or proposal that provides a brief overview of the document and contains its main points. In other words, it is a condensed version of a complete business plan or proposal. It is primarily used in the business world, but its application in academia is also possible. Breaking Down ...
The executive summary should mimic the sections found in the business plan. It is just a more concise way of stating what's in the plan so that a reader can get a broad overview of what to expect.
Executive Summary of a Business Plan. The Executive Summary is the most important part of your entire business plan. This is because it's the first section in your plan, and if it doesn't excite readers, they won't continue reviewing it.
Organize your executive summary outline so that the most important information appears first. While there are specific components to include, there is no set order of appearance. So, use the order to show emphasis. Lead with what you want to get the most attention, and add the rest by order of importance.
Pitching to investors: Investors often make preliminary decisions based on the executive summary. A well-crafted summary can get you a meeting and a chance to present your full business plan. Summarizing for stakeholders: Stakeholders need to quickly understand your business's direction and key strategies. An executive summary gives them a concise update.
This is why the executive summary is often called the most important part of the business plan. If it doesn't capture the reader's attention, the plan will be set aside unread—a disaster if you've written your business plan as part of an attempt to get money to start your new business.
Executive Summary (Completed Last) The executive summary is undeniably the most critical section of your business plan. It provides a concise overview, including key elements such as the business concept, mission, vision, market opportunities, offered products and services, financial projections, and noteworthy achievements or milestones.
Setting the Tone: The executive summary sets the tone for the entire business plan. A well-written summary indicates a well-thought-out business plan, reflecting the professionalism and competence of the management team. How to Write an Executive Summary in 4 Simple Steps. Here's a streamlined approach to crafting an impactful executive ...