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Writing an Effective Business Plan Conclusion: Tips & Examples

Do you need help concluding the business plan that you have worked so hard to create? A well-crafted business plan conclusion is essential for setting the tone for the entire document, and summarizing the key points that justify why the business will be successful. In this article, we will explore how to write an effective business plan conclusion that will ensure that your plan is read and taken seriously.

How to End a Business Plan?

The conclusion of your business plan should briefly summarize the main points of your argument. It should state why you believe your business will succeed and explain how you intend to achieve your goals. A business plan conclusion should cover the opportunity, highlight the strengths of your plan, summarize your vision, and remind the reader why your business is in a unique position to succeed.

A template example of a solid business plan conclusion follows:

  • Opportunity: Explain the opportunity that your business is capitalizing on and why it is attractive.
  • Key Strengths: Highlight the key strengths of your plan, such as your competitive advantage and any unique selling points.
  • Vision: Summarize your vision for the business and its future.
  • Unique Position: Remind the reader why your business is in a unique position to succeed.

It is important to keep your business plan conclusion succinct and to the point. It should be no longer than a few paragraphs, and should be a clear and concise summary of the entire document.

At Atlantabusinesses.com, we understand how important it is to have a clear and effective business plan conclusion. We are experts in the field of business brokering, and we can help you through the entire process of buying or selling a business. Visit our website for more information, and for answers to all your questions about selling a business and about business brokers.

What is the final stage of the business plan?

Conclude your business plan with a presentation for obtaining funding, and provide any relevant data, graphs, and charts to back it up. Make it explicit how much money you are asking for from investors—whether it is equity, a collaboration, or a loan.

What is the appropriate way to conclude a business plan letter?

What should be included in the concluding section of a business plan.

It should also include a description of the problems you are trying to solve, a review of your marketing strategy, and an assessment of the financials. The best way to write an executive summary is to write it after you have a thorough understanding of your entire plan and can succinctly summarize it. The executive summary should include your company’s mission statement, a description of the products and services you offer or plan to offer, an overview of the problems you are aiming to solve, an assessment of your marketing strategy and an overview of the financials.

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Business Plan Conclusion: Summary & Recap

solid business plan conclusion

You’ve written your business plan, but now you want to wrap it up to make a lasting impact on your reader. In this article, we will define the conclusion to a business plan as well as provide some tips to help you attract and seal the deal with potential investors and lenders.  

What is a Business Plan Conclusion?

This business plan conclusion is a concise summary and recap of all of the components of a business plan , but especially the executive summary. It summarizes your business plan in 2-3 paragraphs, with an emphasis on the most important points.  

Download our Ultimate Business Plan Template here

Is the Business Conclusion Necessary?

It’s good practice for business plans, but not always necessary to be successful in obtaining funding.

If you have a stellar executive summary, it may be unnecessary.

If the business conclusion is written well enough, it can serve as an executive summary of sorts – a short recap that provides more detail than the business plan as a whole, but only includes the most important points. It could also serve as an executive summary that is more concise than an actual executive summary.  

How To Write a Conclusion for Your Business Plan

The conclusion of your business plan is the last thing people read before deciding to invest in you and your business, so it needs to make a lasting impression.  

Determine Location

think about your audience

Depending on your intended audience, there are two common places for the conclusion. If your plan is meant for internal purposes, you may have the conclusion at the end of the entire document. However, if you are seeking funds from investors, you want to place the conclusion at the end of the Executive Summary, increasing the chances that it is actually read.

Review & Concisely Recap 

conclusion reviews key points from the executive summary

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Startups might include the following information:.

  • Funding requirements
  • Service or benefit to the investor
  • Target market and audience
  • How products or services solve the target market’s problem
  • Marketing strategy
  • Competitive advantage
  • Management team experience
  • Financial projections
  • Launch plan

Established businesses might include information in their conclusions such as:

  • Mission statement
  • Company’s history
  • Products and/or services
  • Historical growth data
  • Financial summary
  • Company’s goals

Summarize the 3-5 points in a couple of paragraphs. You don’t need to summarize everything that happened in your business plan, just the most important points of the business plan.

Support Your Claims with Stats and/or Visuals

company’s profitable revenue model

Establish a Call-To-Action (CTA)

acquire funds for lucrative returns

Proofread & Spell-Check

grammar and tone carefully considered

The conclusion needs to give your readers a sense of closure by wrapping up all loose ends while making your last pitch effort to obtain the money your business may need.

Business Plan Conclusion Example

Use this conclusion example to help you with how to end a business plan, but keep in mind to make it relevant to your target audience, industry, and funding requirements:

Expanding into the Seattle metro area will allow Skyridge to provide its cutting-edge technology to more people who need it. Purchasing the fabrication plant in Seattle allows us to produce all of our products in-house and in one location, delivering them promptly and efficiently to the northwestern region.

We have the power to change the way people use technology, and we want [Investor’s Name] to be a part of it. By investing in Skyridge’s growth, [Investor’s Name] will benefit in the following ways:

  • Inclusion with a startup that has seen XXX% growth over the past X years and our company’s management team with XX years of experience in the technology industry
  • Contribution to Seattle’s economic growth and its citizens’ access to technology that enhances their lives
  • Participation in company planning meetings and receive an XX% share in all profits earned

We can add to the number of lives Skyridge’s technologies impact, generate more job opportunities in the region, and alter the technology sector if we work together. If you agree with our vision for a better future for everyone, join us.

How to Finish Your Business Plan in 1 Day!

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Related Articles To Help You Write a Business Plan

  • How to Write an Executive Summary
  • How to Expertly Write the Company Description in Your Business Plan
  • How to Write the Market Analysis Section of a Business Plan
  • The Customer Analysis Section of Your Business Plan
  • Completing the Competitive Analysis Section of Your Business Plan
  • How to Write the Management Team Section of a Business Plan + Examples
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Closing Statement Example for Business Plan: Tips & Guide

Table of Contents

Your business plan’s closing statement is the last thing an investor will read, so it must be compelling enough to encourage them to invest. The final paragraph of your business plan should do two things. It should summarize the entire document and give the reader a better grasp of your company’s USPs (unique selling propositions). By using persuasive writing techniques and language, you can ensure your ending is as impactful and memorable as possible. To help get you started, this blog post will provide tips and an example of a successful closing statement for a business plan.

What Is a Business Plan?

A business plan is a comprehensive document that outlines a business’s strategy and operating procedures . It’s typically used to attract investors, secure funding, and provide direction for the business in the future. Typical components of a business plan include 

  • An executive summary
  • Market analysis overview
  • Financial projections
  • Details on how the company plans to achieve its stated objectives.

conclusion of business plan essay

Tips on Writing a Conclusion for Your Business Plan

Your company’s closing statement in a business plan can inspire investors or motivate employees. It should offer a view into the future by stating your goals for the company’s growth and development.  Consider the following suggestions for concluding your business plan .

Proper Amount of Information

The final section of your business plan should include a concise summary of your essential ideas. Explain why your company will succeed and how you intend to get there. This business plan section is your last attempt to convince potential backers to put money into your venture. The final section of a company plan written for internal use can be more optimistic. You could mention your future goals for growth or expansion in this situation. This will help the audience understand the direction you envision the company heading. To win over investors, you might include the following in your final paragraph:

  • The state of your company’s finances as of right now
  • Money to help your business expand and thrive
  • Customers and clients who fit your target demographic
  • Demand from Consumers
  • Particulars that set you apart from the competition
  • Your strategy to boost revenue.
  • Include the following in your conclusion to provide management with some insight into the future of the company:
  • Details about your company’s past and its offerings
  • Intentions for the long-term
  • Future growth or expansion plans

These aren’t the only points that should be mentioned in a conclusion, but they’re among the most crucial.

Incorporate Data and Statistics

To make your case more convincing, you should use evidence like figures and facts. Doing so will strengthen your argument and leave the reader with a favorable impression of your company. Your company’s financial history and growth projections may help convince investors to invest in your company. Market share and customer happiness statistics can help reassure upper management that their company is on the right track.

Keep a Good Attitude

Avoid sounding pessimistic as you wrap things up. Avoid statements like “Despite our difficulties, I am certain that our business will be successful.” Don’t dwell on past failures, but rather on your company’s successes and future prospects.  Using phrases like “I am positive about the future of our company” will leave the reader with a favorable impression of your firm.

End With a CTA

The business plan’s final section should end with a call to action. In this section, you might argue why the reader should join your cause or invest in your business. Your stand must be a concise and direct call to action. Readers need to know exactly what you want them to do, and you need to convince them to do it.

Conclude and Reflect

After you’ve finished writing your conclusion, it’s essential to go back and read it over. Ensure that your point is made without ambiguity and that all relevant details are included. Ensure the tone is upbeat and cheerful, and check for spelling and grammatical problems. To attract investors, it’s essential to have a second pair of eyes look over the final draft of the business plan. Obtaining as much input as possible will help you ensure your argument is well-articulated and persuasive. After you’ve come to a satisfying conclusion, it’s time to move on to the next phase of your business plan.

Location: End of Document or Executive Summary?

Determine whether you want your business plan’s conclusion to appear at the end of the document or the executive summary. If you’re writing a business plan to attract investors or obtain funding, consider adding the conclusion to the executive summary.  Investors will likely skim the rest of your report before getting to your executive summary. Including it there is crucial to ensure they get your main points. Doing so will give your audience a clearer picture of where you are going with your argument.

Closing Statement Example for Business Plan

We are certain that ABC Corporation will become a key player in the XYZ industry due to our extensive market research and analysis. Our unique combination of innovative products and services, competitive pricing, and dedicated customer service makes us the go-to provider for ABC customers.  The funds we secure from this investment round will help us develop and improve our products and services. It will also finance our expansion into new markets.  With your support, we can make ABC Company the industry leader in XYZ. Thank you for considering our business plan and taking the time to learn more about our company. We look forward to working with you and exploring the potential of this partnership.  Thank you for your time.  Sincerely,  XYZ Team 

The closing statement example for business plan above is an excellent example of how a business model should end. It emphasizes the objective, progress, and, most significantly, the business owner’s commitment to its mission . In summary, the conclusion should restate your company’s value proposition and create a lasting impression on the reader.

Closing Statement Example for Business Plan: Tips & Guide

Abir Ghenaiet

Abir is a data analyst and researcher. Among her interests are artificial intelligence, machine learning, and natural language processing. As a humanitarian and educator, she actively supports women in tech and promotes diversity.

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How To Write the Conclusion of a Business Plan

Your business plan’s conclusion should encapsulate your overall justification for why your venture will succeed in order to draw investors or motivate your staff. Additionally, it ought to give a short future outlook outlining your goals for development and growth. The conclusion should also restate your company’s key selling points and leave readers with a favorable impression.

How to write a business plan conclusion

When writing a business plan’s conclusion, adhere to these guidelines:

1. Decide where you want it to be

Choose whether you want the executive summary or the entire document to contain your business plan’s conclusion. Consider placing the conclusion at the end of the executive summary if you are writing a business plan to attract investors or raise money. The executive summary introduces the key points of the business plan and outlines the company’s funding requirements and conditions. It can be more persuasive to potential investors to place the conclusion at the end of this summary, and it also increases the likelihood that it will be read.

You might select a more conventional location for your conclusion at the end of the document if you are writing a business plan for an established company to track progress or provide information to a third party. In this case, your conclusion should review and highlight the company’s advantages.

2. Include the right information

Depending on whether your business is a startup looking to raise capital or an established organization evaluating goals, the information you include in your business plan conclusion will vary. New companies trying to get funding might include:

Established businesses might include information in their conclusions such as:

Not all conclusions need all these details. The most crucial information for the purpose of your business plan should be included, but the conclusion should be brief. When selecting what to include in your conclusion, keep your audience in mind. Focus on the value your company provides to investors, for instance, and the reasons why this opportunity is special. Focus on company leadership’s experience and ways to lower the lender’s risk when applying for a business loan.

3. Add facts and statistics

Facts, figures, and statistics should be used to support the conclusions in your business plan. Investors want evidence that your business can succeed and that they will see a return on their investment. Include details like your track record of expanding this or other businesses, or the information you used to calculate how much funding you need. This information is more convincing than assumptions or vague statements.

4. Maintain a positive tone

Your business plan’s conclusion should be formal and upbeat in nature. You want to convey your optimism and enthusiasm for the company’s success so that the reader will feel motivated or enthusiastic to support the business. Use language that is assertive and active and conveys your confidence in the business.

5. Include a call to action

At the conclusion of your essay, include a brief call to action that instructs the reader on what to do next. The reader should be motivated to support the business’s objectives in the manner you desire. You might conclude by saying something like, “Invest in the success of Harper Corps by joining us as a minority partner in WinTec Enterprises.” In your call to action, use action words and emphasize how the reader will benefit from taking that action.

6. Review your conclusion

Make sure your business plan’s conclusion is written with proper spelling, grammar, and punctuation by reading it after you’ve finished. You want it to flow naturally and be both concise and clear. Ask a friend or coworker who is not familiar with the objectives of your company to read it as well. Ask them if they have any questions about the book’s conclusion and whether reading it has piqued their interest or excitement. Then make improvements as needed.

What is a business plan conclusion?

The goal of a business plan conclusion is to persuade the reader of the company’s success by summarizing the plan’s advantages. The conclusion should highlight how the organization makes money and why it is a good investment because businesses typically produce business plans in order to obtain funding or investors. Businesses also create business plans to evaluate their performance or set new objectives.

In a business plan, the conclusion can be found at the end of the whole thing or at the end of the executive summary. The executive summary, which appears at the start of the business plan, provides an overview of what the reader can expect to learn and persuades them to continue reading. Some people conflate the executive summary and the conclusion, but there are several significant differences between the two.

Every business, whether new or established, should have a business plan with a succinct and focused conclusion.

Business plan conclusion example

Use this sample business plan conclusion as a model for your own plan’s conclusion, being sure to customize it to your target audience’s needs and requirements:

Expanding Bridgewater & Co. Our already prosperous company will be able to provide cutting-edge health technologies to more people who need them thanks to its expansion into the Denver metropolitan area. Buying this manufacturing facility in Denver gives us the chance to produce all of our goods internally and in a single location and ship them out quickly and effectively to the area. We want Sixty-Seven Investors to be a part of this exciting revolution because we have the unique ability to change lives. Investing in Bridgewater & Co. s expansion benefits Sixty-Seven Investors by:

We can save more lives if we work together, Bridgewater & Co. Products change, add to the community’s employment opportunities, and revolutionize the health technology sector. Invest with us if you share our vision for a more prosperous and healthy future.

Business Plan Writer Explains How to Write a Business Plan: Part 8 The Conclusion

How do you conclude a business plan presentation?

Conclusion. The conclusion of a business plan doesn’t necessarily need to be lengthy; in fact, it can be quite succinct. Your conclusion should restate the opportunity, highlight the plan’s key strengths, summarize your vision, and remind the reader of the reasons why your company is in a position to carry out the plan successfully.

What is summary in business plan?

One of the most crucial components of your plan is the executive summary, which is a synopsis of all the important sections of your business plan.

What should be done after finishing the business plan?

  • Make sure it connects to your purpose.
  • Begin to test and measure.
  • Use the 80/20 rule.
  • Learn something new (quickly)

What is recommendation in a business plan?

A business recommendation letter, also known as a reference letter, is an endorsement of the products or services that one company has provided to another business or individual.

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How To Write the Conclusion of a Business Plan

Your business plan’s conclusion should encapsulate your overall justification for why your venture will succeed in order to draw investors or motivate your staff. Additionally, it ought to give a short future outlook outlining your goals for development and growth. The conclusion should also restate your company’s key selling points and leave readers with a favorable impression.

Business Plan Writer Explains How to Write a Business Plan: Part 8 The Conclusion

How to write a business plan conclusion

When writing a business plan’s conclusion, adhere to these guidelines:

1. Decide where you want it to be

Choose whether you want the executive summary or the entire document to contain your business plan’s conclusion. Consider placing the conclusion at the end of the executive summary if you are writing a business plan to attract investors or raise money. The executive summary introduces the key points of the business plan and outlines the company’s funding requirements and conditions. It can be more persuasive to potential investors to place the conclusion at the end of this summary, and it also increases the likelihood that it will be read.

You might select a more conventional location for your conclusion at the end of the document if you are writing a business plan for an established company to track progress or provide information to a third party. In this case, your conclusion should review and highlight the company’s advantages.

2. Include the right information

Depending on whether your business is a startup looking to raise capital or an established organization evaluating goals, the information you include in your business plan conclusion will vary. New companies trying to get funding might include:

Established businesses might include information in their conclusions such as:

Not all conclusions need all these details. The most crucial information for the purpose of your business plan should be included, but the conclusion should be brief. When selecting what to include in your conclusion, keep your audience in mind. Focus on the value your company provides to investors, for instance, and the reasons why this opportunity is special. Focus on company leadership’s experience and ways to lower the lender’s risk when applying for a business loan.

3. Add facts and statistics

Facts, figures, and statistics should be used to support the conclusions in your business plan. Investors want evidence that your business can succeed and that they will see a return on their investment. Include details like your track record of expanding this or other businesses, or the information you used to calculate how much funding you need. This information is more convincing than assumptions or vague statements.

4. Maintain a positive tone

Your business plan’s conclusion should be formal and upbeat in nature. You want to convey your optimism and enthusiasm for the company’s success so that the reader will feel motivated or enthusiastic to support the business. Use language that is assertive and active and conveys your confidence in the business.

5. Include a call to action

At the conclusion of your essay, include a brief call to action that instructs the reader on what to do next. The reader should be motivated to support the business’s objectives in the manner you desire. You might conclude by saying something like, “Invest in the success of Harper Corps by joining us as a minority partner in WinTec Enterprises.” In your call to action, use action words and emphasize how the reader will benefit from taking that action.

6. Review your conclusion

Make sure your business plan’s conclusion is written with proper spelling, grammar, and punctuation by reading it after you’ve finished. You want it to flow naturally and be both concise and clear. Ask a friend or coworker who is not familiar with the objectives of your company to read it as well. Ask them if they have any questions about the book’s conclusion and whether reading it has piqued their interest or excitement. Then make improvements as needed.

What is a business plan conclusion?

The goal of a business plan conclusion is to persuade the reader of the company’s success by summarizing the plan’s advantages. The conclusion should highlight how the organization makes money and why it is a good investment because businesses typically produce business plans in order to obtain funding or investors. Businesses also create business plans to evaluate their performance or set new objectives.

In a business plan, the conclusion can be found at the end of the whole thing or at the end of the executive summary. The executive summary, which appears at the start of the business plan, provides an overview of what the reader can expect to learn and persuades them to continue reading. Some people conflate the executive summary and the conclusion, but there are several significant differences between the two.

Every business, whether new or established, should have a business plan with a succinct and focused conclusion.

Business plan conclusion example

Use this sample business plan conclusion as a model for your own plan’s conclusion, being sure to customize it to your target audience’s needs and requirements:

Expanding Bridgewater & Co. Our already prosperous company will be able to provide cutting-edge health technologies to more people who need them thanks to its expansion into the Denver metropolitan area. Buying this manufacturing facility in Denver gives us the chance to produce all of our goods internally and in a single location and ship them out quickly and effectively to the area. We want Sixty-Seven Investors to be a part of this exciting revolution because we have the unique ability to change lives. Investing in Bridgewater & Co. s expansion benefits Sixty-Seven Investors by:

We can save more lives if we work together, Bridgewater & Co. Products change, add to the community’s employment opportunities, and revolutionize the health technology sector. Invest with us if you share our vision for a more prosperous and healthy future.

How do you conclude a business plan presentation?

Conclusion. The conclusion of a business plan doesn’t necessarily need to be lengthy; in fact, it can be quite succinct. Your conclusion should restate the opportunity, highlight the plan’s key strengths, summarize your vision, and remind the reader of the reasons why your company is in a position to carry out the plan successfully.

What is summary in business plan?

One of the most crucial components of your plan is the executive summary, which is a synopsis of all the important sections of your business plan.

What should be done after finishing the business plan?

  • Make sure it connects to your purpose.
  • Begin to test and measure.
  • Use the 80/20 rule.
  • Learn something new (quickly)

What is recommendation in a business plan?

A business recommendation letter, also known as a reference letter, is an endorsement of the products or services that one company has provided to another business or individual.

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12.13: Conclusion

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In this chapter, we have illustrated the process and the elements that are used to develop a full-blown business plan. The key points are the following:

  • The FAD template, the Organizational and Industry Analysis template, the Business Plan Overview template and executive summary are used as the basis for developing the full-blown business plan.
  • The business plan serves many purposes including serving as a communication tool for investors; it is a scaled-down version of how the business will function and it is used as a platform for communications among the founders, employees, consultants, and mentors; and finally, it can be used as a blueprint for operating the business the first year.
  • A business plan template is presented that illustrates the typical sections that are contained in the business plan.
  • The writing style, the organization and the formatting are just as important as the content for communicating the essence of the business model.
  • It is important to pitch and present the business plan before finalizing the full-blown plan. This will help to bring focus and clarity on the emergent business.
  • In many instances, investors invest in the management as much as in the idea.
  • Many investors are interested in market potential in terms of the growth of the market and the total size of the market.
  • Contingency planning and risk assessment should be addressed in the business plan or at least informally among the founders of the business and key management employees.
  • Time, hard work, and attention to details will lead to better business plans.
  • Legal counsel and accounting expertise are essential for incorporating the business and providing guidance through the legal and financial systems.

The business plan is presented to the outside world through a business presentation and the presentation leads to the development of a short business plan document. An important part of developing the business plan is the learning-by-doing process. It is important that the emerging company make and build things, try experiments, and construct prototypes. Prototypes need to be constructed as early as possible for tangible products and also for systems applications. As illustrated in Figure 12.3 "Planning Process Is Ongoing an Iterative" , the process is iterative and ends only after the business is not in existence.

Figure 12.3 Planning Process Is Ongoing an Iterative

conclusion of business plan essay

The most important element of the business plan and the business presentation is the “look and feel.” The plan and the presentation should look clean and streamlined. The development of a business model and plan begins with the moment that the entrepreneur has the original aha experience; this is followed with a very brief strategic planning process (we recommend the Ten–Ten approach coupled with a FAD analysis) and this is in turn followed by the development of the executive summary.

How to Write a Conclusion for a Business Essay

by Priti Ramjee

Published on 26 Sep 2017

Writing a business essay allows you to represent your professional opinion on a particular subject. A business essay requires gathering data and researching the topic to support your statements with credible facts. The essay does not need to be formal, but it must be clear. The opening statement should carry the purpose of the essay. The body tells the reader what to do with the information you are providing. The last paragraph should be an effective and memorable conclusion informing or persuading the reader with the action you would like her to take.

Prepare your conclusion of the business essay by drafting the important points you are making on your area of expertise. Creatively restate the points in the body of your essay in different words. Experiment with memorable phrases such as a quotation or a poetic element if it suits the essay. Strive to leave the reader wanting to know more information about your field, product or service.

Formulate the points into a clear paragraph to create awareness of the purpose of your essay with elements of persuasion. Promote and recommend a particular product or service if applicable. Use logical reasoning to support your recommendation. Persuade your reader to consider your recommendations by emphasizing your opinion of the product or service as the final statement with clear and precise language. Suggest actions that you would like your reader to take such as purchase the product, try the service or just be informed.

Edit and proofread your business essay. Present your material in a logical order. Ensure that your conclusion ties in to the purpose in the introduction. Verify facts for accuracy and relevance to the product, service or other business material you are discussing. Support your main points with examples wherever possible. Reference your sources for credibility. Proofread for spelling, grammatical and punctuation errors.

To arrive at a clear conclusion, avoid irrelevant ideas and wordiness. Stay with your purpose and key points. Avoid ending your essay with phrases like "in conclusion," or "to sum up" because you may irritate the reader by stating the obvious.

Keep information up-to-date, as old information can be misleading and take away from your professional credibility.

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How to write better conclusions in business essays

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conclusion of business plan essay

The question of what to put in a conclusion has long bothered my students. To answer the question “what do I put in my conclusion miss”? I like to answer with a combination of a) their own discovery of what good supported judgement looks like and b) some instruction and guidance from me.

I like to think of it as learning to surf. A certain amount of it you can do on the sand with an instructor, but eventually, you are going to need to get on a board and have a go for yourself. Feel the waves, understand tides, and sense when conditions are just right. It is the same with learning to write a good conclusion.

Avoid lessons like “how to write the perfect conclusion” because a bold scrappy one that is alive with evaluative statements and bang-on application is better than a textbook one.

I chose surfing as an analogy but I could have chosen cooking, swimming or even playing snooker. Just activities where the learner needs to do some of this for themselves or they will never improve. So here is some guidance to help your students achieve “ Pura Vida ” ( a Costa Rican term, to mean an attitude, emotion and contentment all in one) Source: https://www.rapturecamps.com/blog/speak-like-a-surfer/

conclusion of business plan essay

1) Answer the question. e.g. Assess the factors that might affect the success of a global business such as XXXXX when entering a new market such as China. So in this example, students can look for the most important reason which will impact the success of XXXX. That should form the framework of their conclusion. 99% of the time they can argue either way or for any factor. Occasionally there will be a set answer, but mostly a good argument with a bold conclusion will be fine.

2) What does the answer depend on? E.g. ability to extend the lifecycle. I like to suggest the use of PESTLE factors for this, which means bumping that unit forwards so that kids can use it in all their essays. E.g. economic factors such as growth in the Chinese economy or social factors such as the level of demand due to trends

3) What evidence is there in the case study to support it? Use a short quote to back up your ideas. When they first read the case study, they should have already read the question and be looking for their supporting quotes. Teach reading case studies with a highlighter in hand. Reading the question before the case study can save students from having to read it twice, and can be a game changer for good students who tend to run out of time in exams.

4) Students should not be afraid to take a responsible risk. This means sticking their neck out, acting on a hunch, using their wits and other phrases that mean having a go and seeing what happens. Occasionally, don’t ask students for their essays, ask for their essay plans, this frees them up to take more risks.

5) Encourage students to be bold, a good evaluation is bold in ideas and is not afraid to take the unpopular viewpoint. Bold is more exciting and interesting to read.

6) Bring a new point to the party. Their argument in the main body of the essay was sound, but that was only the main course, now in the conclusion, they should bring in the pudding. Train them to not accept sprouts in cheese sauce for dessert. They should not repeat their main argument in the conclusion.

7) Short-term, long-term. Use this with caution, do use it if it helps to get the creativity going, but don’t use it if the kids are sitting with their heads in their hands saying “I just can’t think of a long-term impact”. Sometimes it can be a bit prescriptive and does not allow scope for kids to use their own ideas and get things wrong.

conclusion of business plan essay

8) Use MOPS on 20 markers (Edexcel A Level only). This is why I am writing this blog now because after this half term is the perfect time to set 20-mark essays (or essay plans) with MOPS as the star of the show. Start training students early on, and they should have more bold confidence with their 20-mark conclusions. (Lots of examples of these on the 2019 past papers on the exam board websites ).

9) Start with "In conclusion, it's clear to see from extract A that...." this prevents students from putting themselves in the conclusion. Early on I ban the use of "I think that", worse "I feel" and most hated of all; "I believe". It also helps to signal to the examiner that, while there may be superb evaluative statements throughout, this is where the really good surf is...

Let’s hope that your students don’t “ wipe out ” and that their conclusions are bolder, more experimental and totally “off the hook”. (Sorry)

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The Writing Center • University of North Carolina at Chapel Hill

Conclusions

What this handout is about.

This handout will explain the functions of conclusions, offer strategies for writing effective ones, help you evaluate conclusions you’ve drafted, and suggest approaches to avoid.

About conclusions

Introductions and conclusions can be difficult to write, but they’re worth investing time in. They can have a significant influence on a reader’s experience of your paper.

Just as your introduction acts as a bridge that transports your readers from their own lives into the “place” of your analysis, your conclusion can provide a bridge to help your readers make the transition back to their daily lives. Such a conclusion will help them see why all your analysis and information should matter to them after they put the paper down.

Your conclusion is your chance to have the last word on the subject. The conclusion allows you to have the final say on the issues you have raised in your paper, to synthesize your thoughts, to demonstrate the importance of your ideas, and to propel your reader to a new view of the subject. It is also your opportunity to make a good final impression and to end on a positive note.

Your conclusion can go beyond the confines of the assignment. The conclusion pushes beyond the boundaries of the prompt and allows you to consider broader issues, make new connections, and elaborate on the significance of your findings.

Your conclusion should make your readers glad they read your paper. Your conclusion gives your reader something to take away that will help them see things differently or appreciate your topic in personally relevant ways. It can suggest broader implications that will not only interest your reader, but also enrich your reader’s life in some way. It is your gift to the reader.

Strategies for writing an effective conclusion

One or more of the following strategies may help you write an effective conclusion:

  • Play the “So What” Game. If you’re stuck and feel like your conclusion isn’t saying anything new or interesting, ask a friend to read it with you. Whenever you make a statement from your conclusion, ask the friend to say, “So what?” or “Why should anybody care?” Then ponder that question and answer it. Here’s how it might go: You: Basically, I’m just saying that education was important to Douglass. Friend: So what? You: Well, it was important because it was a key to him feeling like a free and equal citizen. Friend: Why should anybody care? You: That’s important because plantation owners tried to keep slaves from being educated so that they could maintain control. When Douglass obtained an education, he undermined that control personally. You can also use this strategy on your own, asking yourself “So What?” as you develop your ideas or your draft.
  • Return to the theme or themes in the introduction. This strategy brings the reader full circle. For example, if you begin by describing a scenario, you can end with the same scenario as proof that your essay is helpful in creating a new understanding. You may also refer to the introductory paragraph by using key words or parallel concepts and images that you also used in the introduction.
  • Synthesize, don’t summarize. Include a brief summary of the paper’s main points, but don’t simply repeat things that were in your paper. Instead, show your reader how the points you made and the support and examples you used fit together. Pull it all together.
  • Include a provocative insight or quotation from the research or reading you did for your paper.
  • Propose a course of action, a solution to an issue, or questions for further study. This can redirect your reader’s thought process and help them to apply your info and ideas to their own life or to see the broader implications.
  • Point to broader implications. For example, if your paper examines the Greensboro sit-ins or another event in the Civil Rights Movement, you could point out its impact on the Civil Rights Movement as a whole. A paper about the style of writer Virginia Woolf could point to her influence on other writers or on later feminists.

Strategies to avoid

  • Beginning with an unnecessary, overused phrase such as “in conclusion,” “in summary,” or “in closing.” Although these phrases can work in speeches, they come across as wooden and trite in writing.
  • Stating the thesis for the very first time in the conclusion.
  • Introducing a new idea or subtopic in your conclusion.
  • Ending with a rephrased thesis statement without any substantive changes.
  • Making sentimental, emotional appeals that are out of character with the rest of an analytical paper.
  • Including evidence (quotations, statistics, etc.) that should be in the body of the paper.

Four kinds of ineffective conclusions

  • The “That’s My Story and I’m Sticking to It” Conclusion. This conclusion just restates the thesis and is usually painfully short. It does not push the ideas forward. People write this kind of conclusion when they can’t think of anything else to say. Example: In conclusion, Frederick Douglass was, as we have seen, a pioneer in American education, proving that education was a major force for social change with regard to slavery.
  • The “Sherlock Holmes” Conclusion. Sometimes writers will state the thesis for the very first time in the conclusion. You might be tempted to use this strategy if you don’t want to give everything away too early in your paper. You may think it would be more dramatic to keep the reader in the dark until the end and then “wow” them with your main idea, as in a Sherlock Holmes mystery. The reader, however, does not expect a mystery, but an analytical discussion of your topic in an academic style, with the main argument (thesis) stated up front. Example: (After a paper that lists numerous incidents from the book but never says what these incidents reveal about Douglass and his views on education): So, as the evidence above demonstrates, Douglass saw education as a way to undermine the slaveholders’ power and also an important step toward freedom.
  • The “America the Beautiful”/”I Am Woman”/”We Shall Overcome” Conclusion. This kind of conclusion usually draws on emotion to make its appeal, but while this emotion and even sentimentality may be very heartfelt, it is usually out of character with the rest of an analytical paper. A more sophisticated commentary, rather than emotional praise, would be a more fitting tribute to the topic. Example: Because of the efforts of fine Americans like Frederick Douglass, countless others have seen the shining beacon of light that is education. His example was a torch that lit the way for others. Frederick Douglass was truly an American hero.
  • The “Grab Bag” Conclusion. This kind of conclusion includes extra information that the writer found or thought of but couldn’t integrate into the main paper. You may find it hard to leave out details that you discovered after hours of research and thought, but adding random facts and bits of evidence at the end of an otherwise-well-organized essay can just create confusion. Example: In addition to being an educational pioneer, Frederick Douglass provides an interesting case study for masculinity in the American South. He also offers historians an interesting glimpse into slave resistance when he confronts Covey, the overseer. His relationships with female relatives reveal the importance of family in the slave community.

Works consulted

We consulted these works while writing this handout. This is not a comprehensive list of resources on the handout’s topic, and we encourage you to do your own research to find additional publications. Please do not use this list as a model for the format of your own reference list, as it may not match the citation style you are using. For guidance on formatting citations, please see the UNC Libraries citation tutorial . We revise these tips periodically and welcome feedback.

Douglass, Frederick. 1995. Narrative of the Life of Frederick Douglass, an American Slave, Written by Himself. New York: Dover.

Hamilton College. n.d. “Conclusions.” Writing Center. Accessed June 14, 2019. https://www.hamilton.edu//academics/centers/writing/writing-resources/conclusions .

Holewa, Randa. 2004. “Strategies for Writing a Conclusion.” LEO: Literacy Education Online. Last updated February 19, 2004. https://leo.stcloudstate.edu/acadwrite/conclude.html.

You may reproduce it for non-commercial use if you use the entire handout and attribute the source: The Writing Center, University of North Carolina at Chapel Hill

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There is no one perfect way to write a business plan. There are many business planning experts with varying business plan writing formats and numerous entrepreneurs that have been successful without one. With the strongest business plan, a company will only be as successful as the execution of the team.

So there’s no guaranteed success, but writing one will increase your chances. It will act as a roadmap and self-check for you to keep your operation day-to-day in line with the over-arching business strategy. It will continue to evolve, but even the most experienced entrepreneur needs a plan.

The business plan has several other valuable uses:

  • The plan will not only help you allocate resources effectively, but will also help you manage all the moving parts and cut down on stress. You may (and probably will) come upon obstacles as your new business swings into operation. Being prepared with a plan, strategy and safety net could be the difference of you continuing operation.
  • A business plan will help enlist others in your idea. To make your business successful you’ll need some combination of partners, investors, employees, etc. These people are usually more easily compelled to offer the support you’re looking for if you have a business plan. Giving time or money to a startup is always a risk. If you show a convincing plan for success, partners, investors and employees will be more likely to jump on-board.
  • A business plan can be used as a guide — or roadmap — as you operate your business. If done well, your business plan will have created a cohesive strategy for the first 3-5 years of operation. You’ll continue to learn a tremendous amount about entrepreneurship — including: improving processes for efficiency, adjusting for your market, expanding and refining your network and data. Your business plan should evolve with you. Your strategy should be periodically revised, kept fresh and ahead of the competition.

Path to Funding from The Startup Garage

Once you’ve completed your business plan, you will need to set up your operational infrastructure. This includes getting your business license, registering as a legal entity, setting up an office if necessary and planning all the operational processes — such as accounting, IT and customer service. The Startup Garage offers a variety of resources for executing on these pre-launch activities. Visit our blog, or connect on any of the platforms below.

  Business Plan Writing Strategies

Back to ebook intro  .

conclusion of business plan essay

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Essays on Business Plan

The importance of writing an essay on business plan.

Writing an essay on a business plan is crucial for anyone looking to start or grow a business. It allows individuals to thoroughly analyze their business idea, understand the market, and develop a clear roadmap for success. Here are a few reasons why writing an essay on a business plan is important:

  • Clarity: Writing a business plan forces individuals to clearly articulate their business idea, target market, and goals. This clarity is essential for effectively communicating the business concept to potential investors, partners, and employees.
  • Strategy: A well-written business plan helps entrepreneurs develop a strategic roadmap for achieving their business goals. It outlines the steps needed to reach those goals and identifies potential challenges and opportunities along the way.
  • Resource Allocation: By writing a business plan, individuals can effectively plan and allocate resources such as capital, time, and human resources. This helps in minimizing waste and maximizing efficiency.
  • Risk Management: Writing a business plan allows individuals to identify and assess potential risks associated with the business. It also provides a framework for managing those risks effectively.

Writing Tips for a Business Plan Essay

When writing an essay on a business plan, it's important to keep the following tips in mind:

  • Research: Conduct thorough research on the industry, market, and competitors to gather relevant data and insights.
  • Clarity and Conciseness: Clearly articulate the business idea, target market, and goals in a concise manner. Avoid using jargon or complex language.
  • Realistic Projections: Provide realistic financial projections and growth targets based on market research and industry trends.
  • Clear Structure: Organize the essay in a clear and logical manner, with sections for executive summary, company description, market analysis, marketing strategy, and financial projections.
  • Proofreading and Editing: Review the essay carefully for grammar, spelling, and punctuation errors. Ensure that the content is well-organized and flows smoothly.

By following these tips and recognizing the importance of writing an essay on a business plan, individuals can effectively communicate their business idea and develop a solid roadmap for success.

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conclusion of business plan essay

So much is at stake in writing a conclusion. This is, after all, your last chance to persuade your readers to your point of view, to impress yourself upon them as a writer and thinker. And the impression you create in your conclusion will shape the impression that stays with your readers after they've finished the essay.

The end of an essay should therefore convey a sense of completeness and closure as well as a sense of the lingering possibilities of the topic, its larger meaning, its implications: the final paragraph should close the discussion without closing it off.

To establish a sense of closure, you might do one or more of the following:

  • Conclude by linking the last paragraph to the first, perhaps by reiterating a word or phrase you used at the beginning.
  • Conclude with a sentence composed mainly of one-syllable words. Simple language can help create an effect of understated drama.
  • Conclude with a sentence that's compound or parallel in structure; such sentences can establish a sense of balance or order that may feel just right at the end of a complex discussion.

To close the discussion without closing it off, you might do one or more of the following:

  • Conclude with a quotation from or reference to a primary or secondary source, one that amplifies your main point or puts it in a different perspective. A quotation from, say, the novel or poem you're writing about can add texture and specificity to your discussion; a critic or scholar can help confirm or complicate your final point. For example, you might conclude an essay on the idea of home in James Joyce's short story collection,  Dubliners , with information about Joyce's own complex feelings towards Dublin, his home. Or you might end with a biographer's statement about Joyce's attitude toward Dublin, which could illuminate his characters' responses to the city. Just be cautious, especially about using secondary material: make sure that you get the last word.
  • Conclude by setting your discussion into a different, perhaps larger, context. For example, you might end an essay on nineteenth-century muckraking journalism by linking it to a current news magazine program like  60 Minutes .
  • Conclude by redefining one of the key terms of your argument. For example, an essay on Marx's treatment of the conflict between wage labor and capital might begin with Marx's claim that the "capitalist economy is . . . a gigantic enterprise of dehumanization "; the essay might end by suggesting that Marxist analysis is itself dehumanizing because it construes everything in economic -- rather than moral or ethical-- terms.
  • Conclude by considering the implications of your argument (or analysis or discussion). What does your argument imply, or involve, or suggest? For example, an essay on the novel  Ambiguous Adventure , by the Senegalese writer Cheikh Hamidou Kane, might open with the idea that the protagonist's development suggests Kane's belief in the need to integrate Western materialism and Sufi spirituality in modern Senegal. The conclusion might make the new but related point that the novel on the whole suggests that such an integration is (or isn't) possible.

Finally, some advice on how not to end an essay:

  • Don't simply summarize your essay. A brief summary of your argument may be useful, especially if your essay is long--more than ten pages or so. But shorter essays tend not to require a restatement of your main ideas.
  • Avoid phrases like "in conclusion," "to conclude," "in summary," and "to sum up." These phrases can be useful--even welcome--in oral presentations. But readers can see, by the tell-tale compression of the pages, when an essay is about to end. You'll irritate your audience if you belabor the obvious.
  • Resist the urge to apologize. If you've immersed yourself in your subject, you now know a good deal more about it than you can possibly include in a five- or ten- or 20-page essay. As a result, by the time you've finished writing, you may be having some doubts about what you've produced. (And if you haven't immersed yourself in your subject, you may be feeling even more doubtful about your essay as you approach the conclusion.) Repress those doubts. Don't undercut your authority by saying things like, "this is just one approach to the subject; there may be other, better approaches. . ."

Copyright 1998, Pat Bellanca, for the Writing Center at Harvard University

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Essay On Business Plan

Type of paper: Essay

Topic: Management , Business , Finance , Investment , Stock Market , Marketing , Money , Market

Words: 1300

Published: 11/22/2019

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The paper undertakes to explore a business plan. It begins with the explanation of the major elements of the business plan. Besides, it explores how a business plan can be matched to start-ups, expansions, relocations and franchising businesses. It further analyses the financial aspects of going full-time; specifically touching on what bankers, lenders, and or investors demand in business plan before commit to financing any business venture. For the paper, a business plan has been used to mean any written document that represents a business unit overview, also known as the executive summary of the business plan; the business profile- describing the targeted market and anticipated customers in case of a new venture; growth trends and the pricing power. Also, it has been shown as to be encompassing the type of business organization with the managers’ profiles to define the stakeholders of the business. Exploration of the financial planning, how the business will be financed and the marketing plan is undertaken. Financial planning involves the analysis of the cash flow statements, major financers, analysis of costs and the internal control measures of a business unit’s cash. The marketing plan has been used to represent the marketing tactics to be employed including advertising and promotional strategies. The paper concludes by looking at the various aspects that must be looked into before presenting a business plan to investors or bankers. The major components of a business plan are the business profile; the vision, mission and objective statements of the business; managers’ profiles; the business organization; insurance; location and leasing; accounting and cash flow statements; the marketing plan as well as the major financers of the business.

Is the first page and is persuasive summary that lures a reader to take the plan seriously and read on. The summary should include; a brief description of the business’ history, objectives, a brief description of the businesses’ products or services. Besides, the market the business competes in and a convincing statement as to why success is guaranteed is included.

The Business Profile

The business profile briefly describes the business; its name, vision, its mission and the core objectives. Besides, it entails stating the type of the product or service business is willing to offer to the market. It clarifies on the targeted market and the anticipated customers. It also explains the business growth trends, i.e. the rate at which the business grows in case it’s already an established business and the business competitive edge. Lastly, it spells out a well defined pricing power of the business. This simply implies what limits the price charged on the service offered. Under the business profile, the location, business ownership and type with the product or service offered is stated. It also entails a thorough analysis of the industry where the business is established.

The Product and Service Offered

This element basically describes the exact product or service to be supplied to the market. It also presents who the targeted customers of the business are.

The Production Plan

This component describes the main production work, for instance, whether the business will be involved with the development or repair of software in case it is a computer firm. The procedure of executing the production work should be well stated.

The Management Plan

This begins with stating the management team, whether it is a partnership or a private limited company. The level of control by each member when transacting business affairs must be spelled out. Also, state the liability of each member. Members’ authorities and responsibilities are as well stated under the management plan, with who is the HRM or managing director. Besides, the educational qualifications and relevant experiences of each member of the management team need to be stated here. This is followed with the business organizational structure with the responsibilities and duties charged to each member of the management team. Also, salary projections for the first years in operation and promotional strategies are stated under the management plan (Peter Schwartz, 1996)

The Marketing Plan

This part entails the analysis of who the business anticipates to satisfy their needs, the competition level and competitive strategies undertaken in the market and the marketing strategies to be employed. Analyze the target market, distribution mechanisms, the price, promotional strategies, and the market segmentation technique to be used (Peter Schwartz, 1996)

The Financial Plan

It begins by clearly stating the anticipated start up expenditure and the proposed capital for the establishment and operation of the business. The source of the capital must be shown as well as the desired financing level, the cash flow projections for the first years in operation and the proforma income statements for a given number of consecutive years. Also, this component should show the projected balance sheet for the next consecutive financial periods and the consecutive breakeven points of the business (Eric Press, 1999)

Why a Business Plan is needed

A business plan is needed for the following reasons: First, it is used as a tool to secure funding from the financial institutions like banks. A well written business plan attracts the financing institutions to finance the business. Having a business plan puts a business in a better position to get money needed to keep the business running or to purchase new assets. Moreover, a business plan preparation is essential since it attracts investors. Venture capitalist or angel investors only have a willing of investing if the business plan represents a unique interest. They therefore study the plan before committing to invest. (Business Plan Resources) As stated in the article, “Writing a Business Plan – Do I Need to Write a Business Plan?” it is as well needed to measure the viability of the business idea. It shows whether the idea is worth investing in after thorough analysis of the market and the level of competition in the market. Lastly, it’s important in the sense that it gives newly established businesses higher chances of succeeding. It helps business owners are attentive to the operational and financial objectives, budgeting and even marketing planning thus guaranteeing higher chances of success.

What Bankers, Lenders, or Investors want in a Business Plan

Lenders, bankers or investors quite often look for the feasibility of the idea presented and weigh whether it is worth to invest in. for start-up businesses, the investor will look for how the business idea is viable and whether there is an anticipated return on the investment. They will also scrutinize the competitive advantage the business as compared to the market competition. For already established businesses that need money for expansion, lenders or investors are likely to look at the profitability of the business as depicted in the cash flow statements, financial income statements and the liquidity ratios. An investor also determines the rate of return on capital invested for surety of success (Peter Schwartz 1996)

Recommendation

Therefore, for investors to show interest in a business, a business plan presented must clearly specify the financial plan showing; sources of finance, capital base, desired finance level, cash flow statement, income statement, and the balance sheet. The plan must also show the viability of the business with clear analysis of the market, key competitors and the competitive edge the business have.

Business Plan Resources. Retrieved at http://sbinfocanada.about.com/cs/businessplans/index.htm Business Plan. Retrieved at http://sbinfocanada.about.com/library/glossary/bldef-bizplan.htm “Writing a Business Plan – Do I Need to Write a Business Plan?” Retrieved at http://sbinfocanada.about.com/od/startup/f/needbizplan.htm Jerry J. (1999). Anatomy of a Business Plan. Dearborn Trade Eric Press. (1999). Analyzing Financial Statements. Lebhar-Friedman Peter Schwartz. (1996). The Art of the Long View. Currency-Doubleday

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Business Plan Essence and Viability Problem Solution Essay

Introduction, elements of a business plan, the need for a business plan, financial aspects of going full-time, how the business plan is presented to the money lenders.

Most individuals, at some point in their lives, have had the desire to start and run their own businesses. The decision on whether such a business is to develop into a large one or not lies on the owner. Managing a small business entails a lot of things and, as such, the owner needs to have managerial expertise that enables the business to run and achieve its goals and objectives.

The growth of a business depends on the ability of the owner to manage it through the different external environmental conditions some of which are not predictable and, as such, may result in adverse situations. External environment include such factors as political, social, legal, and economic.

Economic environment entails an organization’s access to financial resources. Financial resources are always scarce and, at any given time, a business is in need of more finances to effectively carry out its operations or even to expand its revenue base through investments (Hodgett, 1995).

While large organizations have different options available to them for sourcing for financial resources such as debt, ordinary shares offer, and issue of debentures and so on, a small business in need of extra finances only has debt as its only source of income (Vander, 1994).

Obtaining debts from such lending institutions as banks and venture capitalists is, however, not an easy task for small businesses. This is because of the risk exposure associated with the small businesses’ poor credit worthiness. A viable tool that a small business can use to source for finances to cater for its growth is by the use of a business plan. This essay discusses the essence and viability of a business plan to a small business that seeks to expand its operations so as to contain its rapid growth.

A business plan is a document that presents the actions that the business plans take in order to achieve its short-term and long term objectives. The document incorporates both the managerial, operational and financial action plans and the timelines that have been set in order to achieve specified goals within a specified time frame (Longnecker, 1991).

A good business plan comprises of seven important components. These include an executive summary, market analysis, description of the company, the business organization’s structure, marketing management, the company’s product, and the financials.

An executive summary is a snapshot description of the entire business plan. Looking at the executive summary, a person should be able to have a concise overview of the whole business plan. If the goal of the company is expansion, the executive summary presents the decisions that have been taken, are being taken and those that will be taken to ensure that the company achieves its goals and objectives. This section tells the reader of the business plan why the management thinks that the business will ultimately be successful.

Market analysis is usually a brief description of the market that the business operates in. The analysis may include the external remote environments that present either opportunities or threats to the organization. For a business plan to appeal to the reader, the market analysis should focus on the external factors that present the growth opportunities to the business and how the business plans exploit the opportunities so presented (Zimmer & Norman, 1994).

The product description presents the product that the business offers to the market. This part should include the importance of that particular product with relation to the market needs. A study of the market and consumer needs should reveal the need of that particular product that the business offers to the market.

The other element of a business plan is the marketing and sales strategy. This is simply a description of the strategy that the firm has formulated to enable it present the products as appealing to the consumers. A successful marketing strategy is determined by the amount of sales that the company is able to attain as well as the associated revenues.

The other element of a business plan is the organization and management. This presents the structure of the business and explains how the managerial decisions are made. It also presents the chain and flow of command in the organization. The importance of this is that it is able to indicate the internal controls that are set by the company in safeguarding the assets as well as the internal procedures that dictate the operations of the organization.

The last important element of a business plan is the financials. The financials part of the business plan presents the financial statements of the business. These include the financial data history of the business, prospective as well the forecasted financial statements.

There are several boons of a business plan. First, it is a business document that can be useful when sourcing for financiers. Most financial institutions demand a business plan before reviewing any funding application by a small business. It is, therefore, an important document that helps the money lender evaluate the viability of the idea presented by the business and the ability of the idea to generate the returns necessary to pay back the cash borrowed.

Start-up businesses require the business plan so as to source for the finances that are needed to fund the business from scratch. The importance of this is that a business idea is presented in such a way that some money lenders such as venture capitalists are able to finance the idea from the beginning into a full grown business.

Expansion plans present the businesses expansion strategy and the need for financing (Toncre, 1983). The importance of this is that a business is able to acquire finances that can help it finance its expansion plan through the business plan.

Relocation element indicates a business’ need to move to another geographical location that is more relevant and convenient to the business activity. Franchising element presents the need of a business to start franchisee operations and the viability of that particular business. All these elements are focused at ensuring that the business is a viable undertaking that deserves the sought for financing.

A small business owner who operates part-time business and intends to go full-time must be aware of the various financial implications that are associated with a full-time business undertaking. Such an individual will of course be looking to expand the business.

This includes increasing the span of operations, hiring more workforces, acquiring a bigger business premises and expanding the marketing activity (Hodgett, 1995). All these aspects require increased financial needs and, as such, a business plan can come in handy to help the business source for funds to expand its operations.

While evaluating the viability of a business plan, money lenders, banks, and investors look at several factors. First, they consider the viability of the business idea with respect to the market that it operates in. The business plan should, therefore, ensure that the business idea presented in the plan is both executable and viable. A viable business idea will always attract funding from the money lenders.

Another thing that the money lender looks for in a business plan is the operational plan. This is a set of short term targets that are set in order to ultimately achieve the long term objectives (Longnecker, 1991). This is an important aspect of a business strategy since it shows the short-term practical steps that will ultimately result in the achievement of the long term goals.

The other important thing that money lender look for is the structure of the organization. An organization’s structure helps in such areas as decision making, flow of command and the implementing the set policies and procedures such as the cash management policies etc.

After drawing up a business plan, the next and most important step is to present it to the target lenders. The document should be precise and addressed to the particular money lender concerned. It should be presented as a formal document to the lender and it ought to be accompanied by other formal funding application documents.

Depending on the type of lender, the plan should include the specific requirements that accompany the lender’s demands in terms of the relevant information. Banks take it as an accompaniment to the formal loan application form while other lenders have their own specific requirements regarding the presentation of the business plan.

Business plans are important documents that seek to source for funds by any organization that seeks to grow or expand. As such, the business plan should have all the basic elements that constitute a complete document. A small business owner should, therefore, be keen to ensure that the business plan has been drawn in such a way that it includes all the necessary elements and presents a viable and fundable business idea.

Hodgett, R. (1995). Effective Small Business Management. New York: The Drydren Publishers.

Longnecker, G. (1991). Small Business management- An Entrepreneural Approach. Cincinnati: South Western Publishing Company.

Toncre, E. (1983). Nine Ways to Kill off Your Small Business. Nations’s Business , 65-66.

Vander, W. M. (1994). When the Wheels come off. Management today , 30-34.

Zimmer, T., & Norman, M. (1994). Essentials of Small Business. New York: MacMillan College Publishing Company.

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IvyPanda. (2019, November 23). Business Plan Essence and Viability. https://ivypanda.com/essays/business-environment-2/

"Business Plan Essence and Viability." IvyPanda , 23 Nov. 2019, ivypanda.com/essays/business-environment-2/.

IvyPanda . (2019) 'Business Plan Essence and Viability'. 23 November.

IvyPanda . 2019. "Business Plan Essence and Viability." November 23, 2019. https://ivypanda.com/essays/business-environment-2/.

1. IvyPanda . "Business Plan Essence and Viability." November 23, 2019. https://ivypanda.com/essays/business-environment-2/.

Bibliography

IvyPanda . "Business Plan Essence and Viability." November 23, 2019. https://ivypanda.com/essays/business-environment-2/.

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COMMENTS

  1. How To Write the Conclusion of a Business Plan (With Tips)

    1. Decide where you want it to be. Determine whether you want your business plan conclusion to be at the end of the executive summary or the end of the entire document. If you are creating a business plan to get investors or raise money, consider putting the conclusion at the end of the executive summary. The executive summary introduces the ...

  2. Writing an Effective Business Plan Conclusion: Tips & Examples

    A template example of a solid business plan conclusion follows: Opportunity: Explain the opportunity that your business is capitalizing on and why it is attractive. Key Strengths: Highlight the key strengths of your plan, such as your competitive advantage and any unique selling points. Vision: Summarize your vision for the business and its future.

  3. Business Plan Conclusion: Summary & Recap

    Review & Concisely Recap. The conclusion should be an even more concise version of your business plan executive summary. Pick the top 3-5 points from your executive summary that may best persuade an investor to provide you with the money your company needs to succeed. Depending on if you are starting a new business or requesting money to grow ...

  4. Closing Statement Example for Business Plan: Tips & Guide

    The closing statement example for business plan above is an excellent example of how a business model should end. It emphasizes the objective, progress, and, most significantly, the business owner's commitment to its mission. In summary, the conclusion should restate your company's value proposition and create a lasting impression on the ...

  5. Business Plan Conclusion: Summary & Recap [Updated 2022]

    December 17, 2022 Robby. Your business plan's conclusion should encapsulate your overall justification for why your venture will succeed in order to draw investors or motivate your staff. Additionally, it ought to give a short future outlook outlining your goals for development and growth. The conclusion should also restate your company's ...

  6. How To Write the Conclusion of a Business Plan

    When writing a business plan's conclusion, adhere to these guidelines: 1. Decide where you want it to be. Choose whether you want the executive summary or the entire document to contain your business plan's conclusion. Consider placing the conclusion at the end of the executive summary if you are writing a business plan to attract investors ...

  7. 12.13: Conclusion

    12.13: Conclusion. In this chapter, we have illustrated the process and the elements that are used to develop a full-blown business plan. The key points are the following: The FAD template, the Organizational and Industry Analysis template, the Business Plan Overview template and executive summary are used as the basis for developing the full ...

  8. Where to write the conclusion of your business plan?

    The conclusion of the business plan is not at the end of the plan but in the executive summary. And there are two good reasons for that. Firstly because the executive summary contains the key points of your business plan - the rest of your plan is only there to reinforce and back the claims advanced in the executive summary - which makes it a ...

  9. How to Write a Conclusion for a Business Essay

    Edit and proofread your business essay. Present your material in a logical order. Ensure that your conclusion ties in to the purpose in the introduction. Verify facts for accuracy and relevance to the product, service or other business material you are discussing. Support your main points with examples wherever possible.

  10. How to write better conclusions in business essays

    5) Encourage students to be bold, a good evaluation is bold in ideas and is not afraid to take the unpopular viewpoint. Bold is more exciting and interesting to read. 6) Bring a new point to the party. Their argument in the main body of the essay was sound, but that was only the main course, now in the conclusion, they should bring in the pudding.

  11. Conclusions

    The conclusion allows you to have the final say on the issues you have raised in your paper, to synthesize your thoughts, to demonstrate the importance of your ideas, and to propel your reader to a new view of the subject. It is also your opportunity to make a good final impression and to end on a positive note.

  12. Entrepreneurship: Making a Business Plan

    A business plan is regarded as an entrepreneurs' 'road map' to realize a successful business. It describes the current status, future needs, and expected outcomes of the venture. It includes multiple parts, starting from project overview and finishing with financial strategy and timetable. Despite being rather extensive in size, it holds ...

  13. How to Conclude an Essay

    Step 1: Return to your thesis. To begin your conclusion, signal that the essay is coming to an end by returning to your overall argument. Don't just repeat your thesis statement —instead, try to rephrase your argument in a way that shows how it has been developed since the introduction. Example: Returning to the thesis.

  14. Nicholas G. Coriano: Business Plan Conclusion

    Business Plan Conclusion. The End of a Business Plan should summarize all the facts you gathered in your business plan. A template example of a solid business plan conclusion follows (feel free to use this in your business plan): The company's management is confident that The Company can achieve its aggressive sales forecasts, generating total ...

  15. How to Write a Conclusion, With Examples

    Restate your thesis: remind readers of your main point. Reiterate your supporting points: remind readers of your evidence or arguments. Wrap everything up by tying it all together. Write a clincher: with the last sentence, leave your reader with something to think about. For many, the conclusion is the most dreaded part of essay writing.

  16. 12: Conclusion

    Once you've completed your business plan, you will need to set up your operational infrastructure. This includes getting your business license, registering as a legal entity, setting up an office if necessary and planning all the operational processes — such as accounting, IT and customer service. The Startup Garage offers a variety of ...

  17. Business Plan Essays

    Each business plan essay sample in this database is a piece of well-structured, coherent content that a professor of any educational establishment would assess with the highest grade. Therefore, by following the template of our examples, you can compose your own award-winning business plan task without causing any suspicion and doubt.

  18. Essays on Business Plan

    The Importance of Writing an Essay on Business Plan. Writing an essay on a business plan is crucial for anyone looking to start or grow a business. It allows individuals to thoroughly analyze their business idea, understand the market, and develop a clear roadmap for success. Here are a few reasons why writing an essay on a business plan is ...

  19. Ending the Essay: Conclusions

    Finally, some advice on how not to end an essay: Don't simply summarize your essay. A brief summary of your argument may be useful, especially if your essay is long--more than ten pages or so. But shorter essays tend not to require a restatement of your main ideas. Avoid phrases like "in conclusion," "to conclude," "in summary," and "to sum up ...

  20. Business Plan Essay Examples

    Business Plan: Types And Significance. Business Plan Perspective Planning. Introduction Top 4 Business Plans are: 1. Business Initiative Plans (Startup Business Plans), 2. Long Term Business Plans (Strategic Plans for Business), 3. Growth and Development Oriented Business Plans, 4. General Plans.

  21. Essay On Business Plan

    Abstract. The paper undertakes to explore a business plan. It begins with the explanation of the major elements of the business plan. Besides, it explores how a business plan can be matched to start-ups, expansions, relocations and franchising businesses. It further analyses the financial aspects of going full-time; specifically touching on ...

  22. Business Plan: Coffee Shop Report Example

    Conclusion for Coffee Shop Business Plan. In conclusion, it should be noted that the cost of establishing the shop is $363,000. The majority of the expenses will be used in purchasing the raw materials including furniture fixtures. The business will target only female clients.

  23. Business Plan Essence and Viability

    This essay discusses the essence and viability of a business plan to a small business that seeks to expand its operations so as to contain its rapid growth. Elements of a business plan. A business plan is a document that presents the actions that the business plans take in order to achieve its short-term and long term objectives.

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