Completed writing your business plan?
Let’s wrap it up with a conclusion that ends your business plan on an exciting and positive note. Not to forget—a conclusion that convinces the readers about your business’s potential to succeed.
In this blog post, you will learn exactly how to write a conclusion of a business plan and get an example to guide you.
Let’s get started.
What is a business plan conclusion?
A business plan conclusion is the final section concluding very concisely the points discussed in your business plan.
It reinforces the business’s strengths and feasibility and reassures the readers of potential business success. It clarifies the reader’s benefit of associating with your business and convinces them of a profitable investment opportunity.
A conclusion is about 3-4 paragraphs long and is designed to drive action and leave a lasting impression on reader’s minds.
Business plan conclusion vs. executive summary
Many people confuse a conclusion and an executive summary to be the same. However, they are not. Let’s see how.
- An executive summary is a broad overview of your entire business plan. The conclusion, on the other hand, is a concise summary reinforcing the key takeaways of your plan.
- While an executive summary introduces the readers to your business idea, a conclusion convinces them to take the desired action.
- An executive summary is a preview of what the plan will be about. The conclusion, on the contrary, is a review of what the plan has discussed.
- An executive summary is concise. However, conclusions are more concise covering only the aspects that can drive decisions and actions.
Clear enough, right? Let’s move ahead.
Why is a business plan conclusion important?
Although a conclusion is not mandatory, it is an important aspect of a business plan. It communicates your passion and commitment to a business idea and convinces the readers of your ability to succeed.
A conclusion synthesizes the key insights of your business plan focusing on aspects such as market analysis, business strategy, competitive advantage, and milestones. It reinforces your plan’s vision and establishes your strategic position amongst readers.
A well-crafted conclusion will drive desired actions from the readers. It can seal the deal and fulfill your objective of writing a business plan.
How to write a conclusion for your business plan?
From what information to include to where to place the conclusion—this section will guide you to write an impactful conclusion for your business plan.
1. Choose the right placement
There are two places for you to place your conclusion. It can either be after your executive summary or at the end of the document.
The location changes depending on who you plan to present your business plan with.
If you prepare a business plan for investors, placing your conclusion after the executive summary will increase the likelihood of it getting read.
However, the conclusion should be placed at the end for business plans that are prepared for internal use and business partners. Conclusion in this case reviews and emphasizes the company’s strengths.
2. Place the right information
The information in your conclusion changes depending on your audience and the intent of the business plan.
For instance, if you’re a new business trying to secure funds, your conclusion can synthesize the key details about the following:
- Funding demands
- Benefit to the investors
- Target market and target customers
- Solution for the problem
- Marketing strategy
- Team members and their expertise
- Financial projections
- Competitive advantage
- Launch plan
However, if you’re a small business trying to grow or use this plan for internal use, consider covering key insights from the following aspects:
- Mission statement
- History and the milestones
- Data supporting growth
- Industry trends
- Financial summary
- Long-term goals and objectives
These are the details you can cover while writing your conclusion. However, including every bit of these in your conclusion is unnecessary.
Think from your reader’s perspective. Determine the information that would excite them about your business and form your conclusion accordingly.
Create winning business plans with our
AI Business Plan Generator
Plans starting from $7/month
3. Include stats and visuals
Now that you’ve decided on the placement and information to be included in your conclusion, it’s time to make your conclusion zesty.
How? Get the facts and stats that would support the claims you make in your conclusion.
For instance, if you’re promising growth, show market research that supports your claim. Again, if you’re promising a certain return on investment, include the statistics that can make investors believe you.
Sway away from vague statements and assumptions. And, if you feel that the statistic would be best absorbed through visual charts or graphics, don’t be afraid to add one.
4. Add a CTA
If you want the readers to take action, guide them. Add a crisp clear call to action(CTA) and explain how the readers would benefit from taking that action.
For instance,
- Join us as a silent partner by investing in Beanco.
- Invest $2 M and secure a 20% stake in equity.
- Support our growth by sharing references.
Don’t beat around the bush. If you are making a funding request, be unapologetic. And even if not, your CTA should suggest how a reader can support your growth.
5. Review and proofread
Once your conclusion is ready, re-read and proofread it for any grammatical or spelling errors. Fix the flow and remove fluff to make your conclusion crisp and persuasive.
Get your friends and business partners to read the conclusion and check if the message you are trying to send is crisp and clear. If not, make the necessary adjustments.
Business plan conclusion example
Use this business plan conclusion as a reference and tailor yours keeping in mind the needs, objectives, and audience for your business plan.
Launching EcoRide Electric Scooters will revolutionize urban transportation by providing an eco-friendly, efficient, and affordable solution for city commuters. Our innovative design and advanced technology will set us apart in the rapidly growing market for sustainable transport options.
We are poised to make a significant impact on urban mobility, and we want [Investor’s Name] to be a foundational part of our journey. By investing in EcoRide Electric Scooters, [Investor’s Name] will benefit in the following ways:
- Joining a groundbreaking startup with a vision to reduce urban pollution and traffic congestion, led by a passionate team with over 20 years of combined experience in the automotive and tech industries.
- Supporting the development and deployment of cutting-edge electric scooters, contributing to a cleaner, greener urban environment.
- Gaining equity in a high-potential startup with a scalable business model and the potential for significant returns as we expand to new markets.
Together, we can transform urban transportation, reduce carbon footprints, and create a sustainable future for city dwellers. If you share our vision for a cleaner, more efficient urban commute, partner with us.
Let’s conclude your business plan
Now that you have understood the process and referred to an example, let’s conclude your business plan.
Identify the information you must highlight, encapsulate it into a powerful conclusion, and pair it with an even more powerful CTA.
However, remember that the conclusion just seals the deal. It’s the business plan that will hook your readers till the end. With Upmetrics’s AI business plan generator, you can create truly engaging business plans in just about 10 minutes.
So, improvise your business plan, sum it up with a convincing conclusion, and send over your business plan to your potential investors to secure funding.
