Business and Real Estate in Oakland

Posts Tagged ‘the business’

The executive summary is the first part or section of a business plan. Consists of a summary of the most important of the other parts of the plan, so it should be placed at the beginning of this, but be prepared after having completed the other parties.

The purpose of the executive summary is that the reader an overview and summary of the project, you can understand in one reading what the business, and to generate interest in the project and further reading of other parts of the plan .

Many times the reader of a business plan (for example, a potential financier or investor) decides to read only the executive summary to make a quick decision, so we must always pay special attention to its development.

In general, all executive summary should meet the following 3 requirements:

• Clearly explain what the business, however complex the business, the executive summary should enable the reader to clearly understand what the business from reading the first page.
• Create interest in the reader: the executive summary should be able to generate in the reader interested in deepening project and reading the other parts of the plan.
• Being a summary: the executive summary should be invited to read and to do so, must indeed be a summary, it is recommended that it does not cover more than 3 pages.

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There are many sources of financing: banks, savings and loans, commercial finance companies, and the SBA are the most common.

State and local governments have developed many programs in recent years to encourage the growth of small businesses in recognition of the positive effects to the economy. Family, friends and former associates are all potential sources, especially when capital requirements are small.

Traditionally, banks have been the largest source of financing. Its main role has been short-term loans by providing loans, lines of credit for seasons and special purpose loans for machinery and equipment. Banks generally have been reluctant to offer long-term loans to small businesses.

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