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Test The executive summary in the business plan
Agenda
QUESTION 1: WHAT IS THE BUSINESS PLAN SUMMARY?
It is the detailed description of your company
Section that allows the reader to get an idea of the business in a concise and brief way
Visual manifestation, ambition and representation of the company in the future
A brief and specific statement of the company's objectives
QUESTION 2: HOW MANY PAGES IS RECOMMENDED FOR THE BUSINESS SUMMARY?
As required
Between 3 and 5 pages
Up to 2 pages
Less than 1 page
QUESTION 3: WHAT FORMAT SHOULD THE BUSINESS SUMMARY TAKE?
As an organizational chart
Schematic
Detailed
Simple and easy to read
QUESTION 4: SHOULD YOU GO INTO DETAILS ABOUT FINANCING IN THE BUSINESS PLAN SUMMARY?
Yes
No
QUESTION 5: WHICH TYPE OF INVESTOR IS MORE RISK AVERSE?
Banks
Venture capitalists
Family or friends
You and your associates
QUESTION 6: WHAT WOULD YOU COMPARE THE BUSINESS PLAN SUMMARY TO?
With the development
With the conclusions
With the prologue
With annexes
QUESTION 7: DO LENDERS OR INVESTORS USUALLY READ THE ENTIRE BUSINESS PLAN?
Yes
No
QUESTION 8: WHAT IS THE FIRST THING YOU NEED TO HAVE IN ORDER TO ATTRACT INVESTORS?
A lot of experience
High initial capital
A well itemized budget
A winning idea
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