Resume as one of the most important business plan
The most important part of a business plan is the executive summary - a summary of the content of the entire document. It contains goals and objectives, planned indicators, the amount of start-up costs and the expected payback of the project. Potential investors often only read this part of the plan. If it doesn't make a positive impression, they lose interest in the project and don't invest in it. We will tell you about the rules for compiling a summary of a business plan and what information needs to be reflected in it.
What is a business plan summary and what is it for
The business plan is drawn up according to a certain structure. The details may vary, but the content of the plans is almost always the same. For example, let's take the requirements of the European Bank for Reconstruction and Development:
- Title page.
- Summary.
- History of the company and description of current activities.
- Financial condition and loans.
- Investment plan of the project.
- Description of the manufacturing process.
- Financial valuation.
- Environmental Assessment.
- Schedules for obtaining loans and their repayment.
- Equipment and work for which credit is required.
- SWOT analysis.
- The main risks and methods of overcoming them.
In this article, we will dwell on the summary in detail. This section is fundamentally important because it summarizes the entire content of the business plan. It is with him that investors and creditors first get acquainted. If the resume interests them, they will read the entire plan and, possibly, participate in the project. If the resume is weak and does not seem promising, investors will refuse further acquaintance with the project.
What is a business plan summary? This is a quick summary of the basic data of the business plan - goals, initial investment amount, expected ROI and results.
Large lenders regularly have to process a large flow of proposals to invest in a "promising" project. A business plan can take several tens of pages and it is physically impossible for investors to familiarize themselves with each of them. Often they are limited to reading the first page with general summaries of goals and numbers. Therefore, writing a resume is such a crucial stage - the success of the project with investors depends on its content.
The resume is also important for the author of the project: it is a short list of tasks that he must solve for the business to flourish, and the indicators that must be achieved for success.
Writing a resume is one of the most crucial stages in developing a business plan
Summary content
A resume is a "squeeze" of all the content of a business plan. It will summarize the findings and key indicators of each section.
What information is included in the business plan summary:
Videos with examples of self-calculation of a business plan (from the series "The transformation of Mr. Vasyuki into the capital of the Russian Federation and the MFC")
Series 36. Drawing up a business plan summary (3.5 min.)
- How to write a business plan summary (executive summary) when developing a business plan in the Online constructor E-planificator ?
- Why is the resume drawn up at the end of the business plan?
Theory
Business plan summary
You probably already know that a resume (also called a "executive summary") is the main part of a business plan with a volume of 1-2 pages, is drawn up at the last stage of developing a business plan, but is placed in it beginning (immediately after the content). The purpose of the resume is to convince the reader of the business plan that further reading of the business plan will not lead to a waste of time.
Current state of affairs in the company (project)
Before starting your resume, fill out the current status form.
Enter here the latest information about your project, in particular, the degree of relevance of the calculations provided in the business plan and the (estimated) start date of the project and its duration, the stage of development at which the project is located.
If you have already managed to attract any partners and / or funding, mention it (if you have not written about it earlier in the "Description of the funding structure" form, step 11..).
If the project is being implemented in an existing company, please give a brief description of this company and its achievements.
Vasina Anna Alekseevna Practicing consultant of the IEI "IPP"
SUMMARY (example, variant)
The result of this project is the construction of a new bakery and the organization of production and sale of bakery products with a capacity of xx tons per day.
The XXX company has experience in the production and sale of bakery products. At the moment the company has a number of bakery in the villages of the region and a network of retail stores, the company's motor transport division provides services for the delivery of bread.
Village N currently consumes x, x tons of bread per day. The main suppliers: bakeries LLC "XXX" and LLC "XXX" bake x, x and x, x tons of bread per day, respectively.
According to experts, the demand for bakery products exceeds the capacity and range of existing bakeries. An increase in demand from schools for bakery products is expected, a large volume of construction work is underway in the area - there are many visitors, there is a need for a variety of supplies of rye-wheat bread, in the summer period bakery products are sold on open trays, supplies will be made to catering establishments, including ... LLC "XXX" and the villages of the district.
The technical state of the existing bakery and bakery XXX does not significantly change the situation.
The new bakery should replace and exceed the existing bakery capacities - bakery and bakery (LLC "XXX"), the technical condition of which does not allow meeting the demand of the population of the village N in products of a wide range and high quality. The project involves the construction of a new bakery with a capacity of x, x tons per day. The period of construction and launch of the plant is 1 year. The construction of the plant will be carried out by the construction division of LLC "XXX"
The bakery of LLC "XXX" will be closed due to the technical condition, and the bakery of LLC "XXX" will be reoriented to confectionery production. Qualified specialists will be hired to work at the new bakery.
The opening of the bakery will optimize the sales structure towards increasing high-quality and bakery products, increase the range of products offered, ensure high quality products due to the technological capabilities of the equipment and reduce the delivery time for fresh bread, increase production, optimize the delivery scheme ( delivery) of products to the shops of the area.
The project will allow the company to increase sales and generate additional profit
The most important part of the business plan is the executive summary - a summary of the content of the entire document. It contains goals and objectives, planned indicators, the amount of start-up costs and the expected payback of the project. Potential investors often only read this part of the plan. If it doesn't make a positive impression, they lose interest in the project and don't invest in it. We will tell you about the rules for compiling a summary of a business plan and what information needs to be reflected in it.
What is a business plan summary and what is it for
The business plan is drawn up according to a certain structure. The details may vary, but the content of the plans is almost always the same. For example, let's take the requirements of the European Bank for Reconstruction and Development:
- Title page.
- Summary.
- History of the company and description of current activities.
- Financial condition and loans.
- Investment plan of the project.
- Description of the manufacturing process.
- Financial valuation.
- Environmental Assessment.
- Schedules for obtaining loans and their repayment.
- Equipment and work for which credit is required.
- SWOT analysis.
- The main risks and methods of overcoming them.
In this article, we will dwell on the summary in detail. This section is fundamentally important because it summarizes the entire content of the business plan. It is with him that investors and creditors first get acquainted. If the resume interests them, they will read the entire plan and, possibly, participate in the project. If the resume is weak and does not seem promising, investors will refuse further acquaintance with the project.
What is a business plan summary? This is a quick summary of the basic data of the business plan - goals, initial investment amount, expected ROI and results.
Large lenders regularly have to process a large flow of proposals to invest in a "promising" project. A business plan can take several tens of pages and it is physically impossible for investors to familiarize themselves with each of them. Often they are limited to reading the first page with general summaries of goals and numbers. Therefore, writing a resume is such a crucial stage - the success of the project with investors depends on its content.
The resume is also important for the author of the project: it is a short list of tasks that he must solve for the business to flourish, and the indicators that must be achieved for success.
Writing a resume is one of the most crucial stages in developing a business plan
Summary content
The most important part of the business plan is the executive summary - a summary of the content of the entire document. It contains goals and objectives, planned indicators, the amount of start-up costs and the expected payback of the project. Potential investors often only read this part of the plan. If it doesn't make a positive impression, they lose interest in the project and don't invest in it. We will tell you about the rules for compiling a summary of a business plan and what information needs to be reflected in it.
What is a business plan summary and what is it for
The business plan is drawn up according to a certain structure. The details may vary, but the content of the plans is almost always the same. For example, let's take the requirements of the European Bank for Reconstruction and Development:
- Title page.
- Summary.
- History of the company and description of current activities.
- Financial condition and loans.
- Investment plan of the project.
- Description of the manufacturing process.
- Financial valuation.
- Environmental Assessment.
- Schedules for obtaining loans and their repayment.
- Equipment and work for which credit is required.
- SWOT analysis.
- The main risks and methods of overcoming them.
In this article, we will dwell on the summary in detail. This section is fundamentally important because it summarizes the entire content of the business plan. It is with him that investors and creditors first get acquainted. If the resume interests them, they will read the entire plan and, possibly, participate in the project. If the resume is weak and does not seem promising, investors will refuse further acquaintance with the project.
What is a business plan summary? This is a quick summary of the basic data of the business plan - goals, initial investment amount, expected ROI and results.
Large lenders regularly have to process a large flow of proposals to invest in a "promising" project. A business plan can take several tens of pages and it is physically impossible for investors to familiarize themselves with each of them. Often they are limited to reading the first page with general summaries of goals and numbers. Therefore, writing a resume is such a crucial stage - the success of the project with investors depends on its content.
The resume is also important for the author of the project: it is a short list of tasks that he must solve for the business to flourish, and the indicators that must be achieved for success.
Writing a resume is one of the most crucial stages in developing a business plan
Summary content
A resume is a "squeeze" of all the content of a business plan. It will summarize the findings and key indicators of each section.
What information is included in the business plan summary:
- data about an entrepreneur or legal entity;
- data about the project, its competitive advantages, prospects;
- financial data - costs, expected income and payback.