Executive Summary
The Executive Summary section of your marketing plan allows you to introduce your company and explain the major points of your plan in brief. Many people who need to be on board with the plan simply won't have time or interest to read it in its entirety. The Executive Summary is for them.
You should write it after you've completed the other sections so that you already know what your major points are. Some of the key points to cover are listed below.
1. Introduce your company by briefly describing the nature of your business and the products or services you offer.
- If your business is already in operation, state how long you've been in business and how long you've been at your current location. Describe your business activities, including sales and customers. Highlight your accomplishments and successes.
- If your business is not yet in operation, describe the experience and training you have that qualifies you to operate this kind of business. Include similar quilifications for business partners or key managers of the company.
2. State your founding philosophy-often called a mission statement-and company objectives.
- Mission statements are relatively abstract, such as "to provide quality day care for children."
- Company objectives are more specific, such as "to be the child care provider of choice in the tri-county area; to increase enrollment by 25 percent in 12 months."
3. Introduce your management team. (This may be you-wearing many hats!)
- Describe the organizational structure of your business. Is it a sole proprietorship, partnership or corporation?
- List key management personnel. Include copies of their résumés in the supporting documents section.
- Disclose management salaries and ownership, management assistance and training needs, and supporting professionals (such as a bookkeeper or lawyer).
- List the members of the board of directors.
4. Close the executive summary with a brief statement of the main marketing objectives and strategies contained in the plan.
References:
• Small Business Administration
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