A solid business plan statement is important for filing your business and for financing it. If you file for a bank loan or you pitch your plan to investors, you’ll need to know how to write a business plan and an executive summary that is clear and concise.
Alex Genadinik’s book How To Write A Business Plan: Business Planning Made Simple covers most of the groundwork of the formation process.
Here’s the formula for creating your business plan:
- Sentence One: What is the product and who is the target audience?
- Sentence Two: How will you promote the product?
- Sentence Three: How will you generate revenue?
Genadinik’s book also covers writing a complete business plan, including the oh-so-important Executive Summary. He also goes into detail for specific businesses such as e-commerce, restaurants, local brick-and-mortar businesses, and more.
At Executive on the Go, we’re on your side. We want you to succeed from the early stages of business, through scaling and growth, and into the legacy phase of your business.
P.S. If you are launching a new business, you will want to know about our new program launching in September – the Accelerated Business Launch. Join our Facebook Page here as things get underway!