Every business needs a plan to run smoothly. As the saying goes, “if you fail to plan, you plan to fail”; that cannot happen to any business as it was set up to excel. No business owner wants his business to fail; thus, it is important to have a business plan and to have it well executed.
Hence, a business plan executive is really a summary or write up that contains the overview of the business’ operation to achieve the business objectives. It can be a simple and easy business plan executive or complicated and detailed depending on the needs and requirements of the business. Regardless, it should be a clear guide for the business profitability and operation.
A business plan executive template usually has the following information:
* Company Name & Mission
* Company Products & Services
* Company Registration Number
* Date of Establishment
* Overview of Company Operations
* Existing Issues
* Existing Solutions
* Suggested Solutions
* Competitive Advantage(s)
* Marketing Strategies
* Financial Analysis
It is important to be able to identify the current issues faced by the business today and how effective are the current solutions to determine if better solutions should be considered.
Equally important is the company’s competitive advantage(s) which put it at the forefront of its business to bring in more profit. Marketing strategies that are relevant and impactful.
Financial Analysis is important to understand the cash flow of the company.
Consider the attached sample template for your convenience.