Marketing Plan Components

From the Small Business Administration

The Executive Summary

The Executive Summary section of your marketing plan allows you to introduce your company and explain the major points of your plan "in a nutshell." A number of people lack the time and interest to read your entire marketing plan; nonetheless, they need to be "on board." The Executive Summary is for them.

You'll

1. Introduce your company by briefly describing the nature of your business and the products or services you offer.

• If your business is already in operation, state how long you've been in business and how long you've been at your current location. Describe your business activities including sales and customers. Highlight your accomplishments and successes.
• If your business is not yet in operation, describe the experience and training you have that qualifies you to operate this type of business. Include similar information for business partners or key managers of the company.

2. State your founding philosophy-often called a mission statement-and company objectives.

• Mission statements are relatively abstract, such as "to provide quality day care for children."
• Company objectives are more specific, such as "to be the child care provider of choice in the Tri-County area and to increase enrollment by 25 percent in 12 months."