How to Conclude a Business Plan
- Small Business
- Business Planning & Strategy
- Business Plans
- ')" data-event="social share" data-info="Pinterest" aria-label="Share on Pinterest">
- ')" data-event="social share" data-info="Reddit" aria-label="Share on Reddit">
- ')" data-event="social share" data-info="Flipboard" aria-label="Share on Flipboard">
How do I Write an Executive Summary for a Start Up Business?
How to create a business plan as an entrepreneur, how to write a data report.
- 6 Types of Business Plans
- How to Write a Letter From the Staff of a Company to a Bank Requesting a Loan
Business plans explain what a company does, who runs the company and how the company plans on hitting revenue goals, based on competitive advantages and marketing strategies. 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 150 percent more in revenues, the conclusion of growth needs to be backed by those specific data points, which conclude that the assumption is correct.
- American Energy Innovation: The Business Plan Conclusion
- Inc: How to Write a Great Business Plan: The Executive Summary
With more than 15 years of small business ownership including owning a State Farm agency in Southern California, Kimberlee understands the needs of business owners first hand. When not writing, Kimberlee enjoys chasing waterfalls with her son in Hawaii.
Related Articles
How to create a new business plan, what is an executive summary business plan, what are the benefits of a business plan, how to understand a business plan, definition of business planning, what does "abridged" mean on a business plan, business planning & analysis, business objectives in designing reports, what are the components of a good business plan, most popular.
- 1 How to Create a New Business Plan
- 2 What Is an Executive Summary Business Plan?
- 3 What Are the Benefits of a Business Plan?
- 4 How to Understand a Business Plan
IMAGES
VIDEO
COMMENTS
The conclusion needs to gift your readers a sense by latch by wrapping up all loose ends while making your recent pitch effort to obtain the money your business may necessity. A business plan conclusion is a project of a business plan's strengths designed to convince the lecturer of the company's success. Because ...
December 17, 2022 Robby. Your business plan’s conclusion should encapsulate your overall justification for why your venture will succeed in order to draw investors or motivate your staff. Additionally, it ought to give a short future outlook outlining your goals for development and growth. The conclusion should also restate your company’s ...
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 ...