Say when you want to open your business or when you opened it. You may tackle the company description first when writing your plan, then find you cover a lot of the information in greater depth as you go along.
Examples of your competitive advantages include the unique features or differences in the quality of products. And, how do you plan to achieve the goals you set for your business? Directly addressing the scope of what you can provide clients is key here.
Your information should answer who, what, where, when, why, and how right off the bat. When you describe your business, make sure you know who you appeal to. Will you function as a sole proprietorship, limited liability corporation, partnership, or corporation?
What inspired you to come up with the idea for your business? Financial projections What is a business description? General Company Description The general company description is the first part of the business plan that will actually be written.
Example 1 Assessment Alright, this company description is ok. The executive summary is rarely more than two pages. This section provides a general direction of the business and outlines the company for potential investors or potential partners.
Who are the owners? If you had just a few moments with a potential customer or investor, what would you tell them about your business? Your business description should be regularly updated as your business expands or changes.
For example, a goal might be to have a healthy, successful company that is a leader in customer service and that has a loyal customer following. And, include your name because lenders and investors want to know the entrepreneur who started the business. When you share the story about why you started your company and what keeps you motivated, it helps you stand out from the crowd and gives your plan a personal touch.
What are the future trends for your business and your industry? Legal form of ownership: Who is your target customer?Fressen Catering catering company business plan executive summary. Fressen Catering offers creative, colorful, and unusual kosher and traditional foods/5(86).
We would like to show you a description here but the site won’t allow us. This advice covers more than just the company description portion of your business plan, of course.
Make sure your business plan presents you in the best light, not just as far as content is concerned, but how it’s written, as well. To sum up, the company description is the basic introduction to your business. The company description section of your business plan is typically the second section, coming after the executive summary.
The 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. Mar 27, · If this is a business plan for a startup, you won’t have a company history per se, but you could use the company history section to give a concise description of how the founder or founders decided to start this venture.4/5(57).
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.Download