Executive Summary vs Business Description

by newyorklogic. Posted on Sep 11, 2020    6    1


Hi everyone,

I am in the process of writing a business plan and used the SBA template for formatting. What is the difference between an executive summary and a business description, they seem redundant to me.

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Also, is it okay to follow the SBA template or is that going to immediately tell people "this guy is a noob"


Comments

Syndrome 3

An executive summary, such as for a business plan, is generally a one page summary of the entire document to give readers a quick overview without having to read the entire thing.

A business description would discuss the industry, some key aspects of the business, scope of the business, and any unique points.