Anyone who owns a business needs a well written business plan not only for internal business planning needs, but business plans are also required when a business owner seeks funding for expansion.
One of the most important components of a business plan is the Executive Summary. This part of the business plan is arguably the most important because it outlines the entire business project or goal. It must be written in powerful attention-grabbing language to persuade potential lenders or investors of a business’ or project financial stability.
The summary needs to outline all sections of the business plan. The common parts to include are the business concept, business plan purpose, summary of products and/or services, sales and profit projections, business ownership and operations, any other important facts.
“The Executive Summary can make or break the chances of a project receiving funding,” says Angel Bischak, President of Angels Wealth Lenders. Angels Wealth Lenders offers clients an evaluation of their current business plan including the Executive Summary.
