Presenting Your Plan Business Plan:
Some businesses write a business plan for internal review, tracking annual goals. Business plans are also used to seek investor loans or to finance their business.
When presenting the plan for financing, it's important to conclude the plan with purpose, but to do so succinctly. Conclusion or Executive Summary?
Business owners might confuse a business plan's conclusion with the plan's executive summary.
The executive summary is actually the first section of a business plan, which provides a synopsis and a high-level overview of the major sections of the plan. A business owner might confuse this with the conclusion, because many business experts suggest writing the executive summary last, after the necessary information has been fleshed out.
The executive summary is usually a series of section teasers that give readers a high-level preview of the plan. It's also possible for the business plan to have a formal conclusion at the end of the sections. The conclusion is usually tailored and targets the informational needs of a specific investor or of a specific strategic partner.
Conclusion as a Summary of Needs and Abilities If the executive summary states what the plan will be, then the conclusion reviews what the plan has stated. A business plan conclusion redefines the company's needs, the competence of management to achieve the goals and the key points to justify why the business will succeed with funding.
Investors are looking for reasons why they should risk money in the venture; this is achieved by highlighting the unique ways in which the company solves problems and how an influx of funding will yield success. Usually, there's a specific call to action in the conclusion. End Notes and References Creating a business plan requires market and industry research.
The larger the company or the more complicated its products or services, then it is even more important that research is needed to verify regulations, industry trends and technology innovations. End notes are the expert resources used in writing the plan and justifying propositions.
These are like a bibliography in a high-school research paper. End notes refer to specific data cited in the plan, listed in order of use by the correlating fact within the business plan. For example, the competitive-analysis section might cite consumer data obtained by public industry reports.
If this is the third citation of data, the superscript is the numeral three that corresponds to the third end note. The Tone of the Conclusion The business plan's conclusion should rely on facts and maintain a professional tone.
Any projections and assumptions are backed by data points, the business' prior success, and management's ability to deliver.
This is similar to a scientist using known facts to create a hypothesis for a new study. For example, if the conclusion states that funding can scale factory operations by 50 percent more and yield percent more in revenues, the conclusion of growth needs to be backed by those specific data points, which conclude that the assumption is correct.Food and Farming Catering Business Plan Sample.
Thinking of getting into catering? Make sure you have a detailed business plan to start with. Fressen catering will inject new life into the kosher catering market, leveraging Chef Susan Cheflly's culinary skills to develop creative new catering options.
Susan's advanced skills, industry insight, and a great market opportunity will allow Fressen Catering to reach profitability by month 11 and generate $, in revenues for year three.
Jun 27, · The business plan's conclusion should rely on facts and maintain a professional tone.
Any projections and assumptions are backed by data points, the business' prior success, and management's. Catering business plan executive summary sample document template design project proposal.
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The Starting a Catering Business Start-Up Guide Kit™ also includes all of the necessary forms that are needed to operate a catering business including many financial forms, sample business letters and a complete business plan. Catering for Kids Business Plan Business Plan Example iii Overview of Business Plan Example.
The following business plan example, “Catering For Kids”.