![]() ![]() Therefore, it is important that a summary captures the reader’s attention. Others may look at the summary of a plan first to decide whether or not they want to read more about it. ![]() It offers an introduction and overview of your company’s mission statement, what product(s) or service(s) you offer, as well as highlights any pertinent industry background information.Īlthough the executive summary is essential in plans written for outsiders, depending on who your audience will be, many people will only read the executive summary and not go into detail. The executive summary is written at the end of a business plan outline, summarizing everything that was described earlier in the document. The idea is to paint the best possible picture and present yourself as attractive and professional, whatever that means to you. There is no definitive guide to creating the perfect business plan for your particular venture, as you may want to combine sections or add additional detail on a personal level. ![]() The outline below summarizes what each section of your business plan outline should contain. Lenders and investors usually require this type of plan, but it can be time-consuming. It is detailed, takes more time to write, and is more comprehensive. Traditional business plan outlines are more common, use standard structures, and encourage you to go into detail in every section – they usually require more work upfront and can be dozens of pages long. Lean startup plans are quick to create and focus only on the essential elements you may need additional information. They usually take an hour or less to complete and can even be as little as one page long if you need to move quickly. Lean business plans for startups are less common but use the same structure as the other types of business plans – they focus on summarizing only the critical points of the essential elements of your project. Traditional business plans are more common and use standard structures. Most plans fall into one of the two categories: traditional or lean startup. Choose an outline for your business plan that suits you. ![]()
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