How to Conclude a Business Plan by Yolanda Brown - Updated September 26, You have finally created a business plan and now need to cap it off with a conclusion. The Writing Center at the University of North Carolina at Chapel Hill provides several strategies for concluding a document, including relating the conclusion to your introduction or playing the "so what" game, an exercise that forces you to consider the purposes behind your statements. Using similar strategies will help you develop a conclusion for your business plan and motivate your readers to act. Items you will need Partially completed written business plan Computer Word processing software Explain to your readers why they have reviewed this plan.
If your goal is to seek funding or an operating change at work, or if you wish to request something specific, conclude on a positive note that shows the reader you have his needs in mind and can provide a benefit.
Recap the Contents Your summary should mirror your opening or executive summary, recapping highlights that lead to a conclusion.
Highlight only the key points that summarize your main pieces of information, which might include presenting new, important facts, projections or a justification for the reader.
Make a Subjective Statement If the purpose of your report is to provide more than just a list of facts and figures, tell the reader why the facts you have just presented are important.
After you have laid out the specifics in a report on a new competitor, point out how the competitor might affect your sales and suggest ways to deal with the new threat.
Show a Benefit Let the reader know that there is a payoff in reading your report and following your recommendations. Tell the reader what to do with the information you've presented and why it benefits her.
If you are requesting funding for a project or to be sent to a seminar or workshop, tell the reader what she will get out of investing with you or spending company funds to send you on a business trip. Include Support After the written portion of a business report, include an appendix with charts, graphs, a budget, photos and other support documents that help strengthen your case.
Providing this information in the body of your report might make reading the report too laborious or boring. Conclude business reports with objective documents that show you have done your homework and that your facts, conclusions and recommendations are supported by objective research.
References 2 Monash University: He has worked in the corporate and nonprofit arenas as a C-Suite executive, serving on several nonprofit boards. He is an internationally traveled sport science writer and lecturer. Edmunds has a bachelor's degree in journalism.Business plans don't fail.
People fail. Even that is not consider failure as long as you learned something you didn't know before, professionally grown and more importantly didn't allow yourself to make that mistake, that caused your failure, to repeat itself.
Yes, but the conclusion of the business plan is not necessarily where you would expect it to be! The conclusion of the business plan is not at the end of the plan but in the executive summary.
And there are 2 good reasons for that. A business plan conclusion, doesn’t need to be very long, in fact, it can be pretty brief.
Your conclusion should; reiterate the opportunity, highlight the key strengths of your plan, summarise your vision, and remind the reader why your business is in a position to successfully execute the plan.
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). An effective business plan will always only point to one conclusion.
That conclusion is that you have produced a well documented approach to running the business and have strategies for managing risks that might develop into issues later.
Business plans don't fail. People fail. Even that is not consider failure as long as you learned something you didn't know before, professionally grown and more importantly didn't allow yourself to make that mistake, that caused your failure, to repeat itself.