Not only are they short, concise, and focused, but they also help in presenting your business plan in a more palatable way. Thus they are considered as highly potent and dependable sources to get funded.
Therefore summary is the key to procure more funds and unlock various business opportunities.Īlthough summaries are more commonly used in traditional businesses and financing, they also connect well to more mature business foundations. It is a crucial tool that empowers venture capitalists by ticking all the right boxes off the list. What and why Executive Summary?Īn executive summary presents a brief overview of your business plan while seeking new investors, partners, seed funders, or simply conglomerates. Therefore an executive summary is the most important document that your venture needs to fly with golden colors. Whether you will walk out of the boardroom with a signed term sheet or with disappointment written all over your face. With such a narrow time window, it is a qualitative executive summary that determines the end result.
Despite continuous brainstorming and contemplation, your business venture can come crashing down if these 5 minutes aren’t put to effective use. Only 5 minutes, before the investors decide your fate. Yes, that is the average length of time you have to present your business plan.
