An Example of the Company Summary in a Business Plan

 

example of company description in a business plan

The company description section of your business plan is typically the second section, coming after the executive tcheynds.ga company description outlines vital details about your company, such as where you are located, how large the company is, what you do, and what you hope to accomplish. The company summary in a business plan—also known as the company description or overview—is a high-level look at what you are as a company and how all the elements of the business fit together. An effective company summary should give readers, such as potential investors, a quick and easy way to understand your business, its products and. Jun 20,  · The general company description is the first part of the business plan that will actually be written. This section follows the executive summary and is the second part of the business plan. This section provides a general direction of the business and outlines the company for potential investors or potential tcheynds.ga: Gresham Harkless Jr.


Company Description Example


Nobody does what you do better than you, but … what is it that you do again? You might have trouble describing your business in one sentence, or you find yourself at a loss for words when it example of company description in a business plan to writing a company description.

Knowing how to write a company description for a business plan helps you communicate with lenders, investors, employees, and potential customers. You put a lot of thought into your original business concept. Now you need to know how to succinctly describe your business.

A company description is just one part of your small business plan. The business plan outlines your goals and how to achieve them. According to the Small Business Administrationa successful business plan should include:. A business description provides an overview of key aspects about your business, like what you do and what makes your business original.

Anyone reading your company description should have no problem understanding the scope of your business idea. Lenders and investors should see how your business has a place in the market, as well as its benefits to future customers. You need to know how to pitch to investors and lenders to captivate their interest. Your information should answer who, what, where, when, why, and how right off the bat.

Who are you? What is example of company description in a business plan name of your business? You want to verify that the name of your business is clear in the business description of your business plan. And, include your name because lenders and investors want to know the entrepreneur who started the business, example of company description in a business plan. Who is your target customer? When you describe your business, make sure you know who you appeal to.

What is your product or service? Be clear when you tell lenders and investors about your business. What are your goals for your business? Set realistic short-term and long-term goals. Where is your business located? If you are currently operating your business, you need to say its location.

Likewise, if you are opening a new business, make sure you state where you want it to be located. When will you implement your business plan and see results? Say when you want to open your business or when you opened it. And, include when you plan to achieve your goals.

Once your goals are achieved, what is your exit strategy for small business? Do you know how to turn your growing business into a profitable venture? Why would potential customers want to buy from you?

Explain why you are set apart from the competition. A mission statement helps set you apart from competition and explain why your business is unique. What type of business structure will you form? Will you function as a sole proprietorship, limited liability corporation, partnership, or corporation? Explain why you chose your business structure. Mention the small business advisor help you have enlisted, like a business attorney, example of company description in a business plan, since each structure has different registration requirements, regulations, and liabilities.

Do you know how to interview and hire employees? Do you know how to do payroll on your own, or will you use payroll software? And, how do you plan to achieve the goals you set for your business? Explain what steps you will take to make your business a success. If you need to know how to write a company description for a business plan, take a look at this example.

The business is a sole proprietorship, operating under entrepreneur Ann Smith. Looking for a place to share your small business experience? Check out our Guest Post Guidelines and start contributing today! Small Business. Facebook Twitter Pinterest LinkedIn. Search our articles. Follow Us.

 

How to Write a Company Description for a Business Plan

 

example of company description in a business plan

 

The Company Description Example Should Distill the Basics of the Business Plan Into One Simple, Clear and Easy to Understand Statement. Sample Company Description Terra Engineering is a new company that will provide high quality technical and environmental engineering services to it's tcheynds.ga: Jeff Grill. Dec 09,  · If you need to know how to write a company description for a business plan, take a look at this example. Ann’s Office Hut delivers office supplies to small businesses in Boston, Massachusetts. The business is a sole proprietorship, operating under entrepreneur Ann tcheynds.ga: Rachel Blakely-Gray. Jun 20,  · The general company description is the first part of the business plan that will actually be written. This section follows the executive summary and is the second part of the business plan. This section provides a general direction of the business and outlines the company for potential investors or potential tcheynds.ga: Gresham Harkless Jr.