It informs others about the company's products and services. Your email address will not be published. A substantial portion of the company’s sales are to the U.S. Department of Defense.GE’s business … A good way to begin your business description is by describing the industry you work in, which will give the reader some perspective as to how your business fits in and show them why yours is a good … This section provides a general direction of the business and outlines the company for potential investors or potential partners. Strengths: Include information about the strengths and resources you and any other working partners bring to the business to help it succed. Give it a shot and remember to keep your reader in mind. Start from the very beginning understanding that your business plan ought to be specific to your business needs and objectives. This site uses Akismet to reduce spam. A company description provides an overview of key aspects of your business, like what you do and what makes your business unique. A company profile is a formal introduction of your business. Writing an effective description for your small business is easier than you think. General Company Description There are many reasons why every company should have a business plan, but not every business needs a full formal plan with carefully crafted summaries and descriptions. We're 20,000+ CBNation Members Strong & GROWING. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. This template is a general company description guidelines that will help business firms create a company profile to establish an idea about them in the concerned markets. Necessary details such as mission statement, projected revenues, and areas of expertise can be expressed nicely in it. What is a business description? We’ll show you how to write an effective business description using the power of storytelling. 1  The company description outlines vital details about your company, such as where you are located, how large the company is, what you do, and what you hope to accomplish. Related Post: Business Plan 101: Executive Summary. The general company description is the first part of the business plan that will actually be written. Outside … A successful business consultant has first and foremost a broad knowledge of the many facets of business and market forces. The general company description should address the following: nesesito saber como hacer un proyecto de business plant. Include their relevant experience. Learn how your comment data is processed. Take a look at these sample business plans for a comprehensive look at what a business plan should look like in its entirety. This is an executive summary company description that is used to give proper guidance on how to create a comprehensive business profile and description module. This section follows the executive summary and is the second part of the business plan. The USA has grown to be prosperous with many huge cities … This section provides a general direction of the business and outlines the company for potential investors or potential partners. The first three parts for writing a start-up business plan template are the executive summary, a general company description, and the products and services of the business. By structure we mean the type of operation, i.e. This section follows the executive summary and is the second part of the business plan. Start your own general freight trucking business plan. 12 Entrepreneurs Explain If Entrepreneurship Can Be Taught, 7 Great Tips for Redesigning a Logo [INFOGRAPHIC], 2 Interesting Updates from WordPress 4.8 Evans, Weekly Roundup: June 17, 2012 - Business Name, Entrepreneurial Productivity, Business Plan 101 - CEO Blog Nation BetaCEO Blog Nation Beta, What Businesses Can Do to Make Their Customers Feel Safer Shopping Online, Why Buying a Franchise Should Be Your First Entrepreneur Endeavor, IAM836- Expert Uses Technology to Improve Healthcare Operations and Products, EmbassYPN DC | Young Professionals; Networking Social. 2  Also, if you need an online strategy for your business, I do offer strategic internet marketing plans. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed. Start my business plan. The business description in a business plan gives interested people some insight on your company. The company description section of your business plan is typically the second section, coming after the executive summary. General Electric is another company using the media formats on Facebook to full effect – note the “move your mouse to view the photo in 3D” label at the bottom of the image in the screenshot below. The general company description should tell your audience what your company does, what its goals are and what business philosophy it subscribes to. Your email address will not be published. This product description is ok but you could probably do better. Anyone reading your business description should have no problem understanding the scope of your business. Mike's Trucking Service Executive Summary Opportunity Problem. Letting them get to know your company better will help them to feel more connected to your business, which could affect how they make decisions regarding financial matters with your company. Since the owner of the business is tied to the … The owner of a business must take the advice of the consultant as constructive criticism, and not as criticism to how the owner has been doing so far. If you don’t have a specific immediate need to show a formal business plan to a banker or investor, then you are probably better off doing just a lean business plan, for your internal use only. What Is a Company Profile? Follow our simple guide to create your own small business description … This section comes first in the finished business … 18. Here are some great examples: Here are … The general company description is the first part of the business plan that will actually be written. This template consists of guidelines that will help a company compose a proper executive summary. Required fields are marked *. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. When describing your business, the first thing you need to concentrate on is its structure. The ideal candidate will also possess great problem-solving skills to … Business Plan 101: General Company Description. Executive Summary. Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. While its consumer products are most visible to the general public, they account for a minority of the company’s annual sales. In this section you can include details about your business, your business structure, and your business’ core values. Keep the description to less than 50 words and include your business name, some background info, and what makes your business unique. How Do You Pull A Struggling Company From The Grave?