Are you one of those people whose work is to make business reports? If you do, you’re most likely worried about your boss having to go through your long articles. If you want to reduce your worries, you can start by learning how to create an executive summary. It is one of the ways of writing and presenting short but informative business reports.
An executive summary is a document containing brief and concise information about business reports. It shortens long pieces so that the person who reads it can immediately understand the content without reading the entire range. As mentioned in this article by Forbes, it is a common way to obtain financial support. From real estate loans to connect with experienced business partners.
An executive summary is critical because it is how a person can speed up reading company information. Although long reports are also important, it can take a lot of time to read and comprehend. It helps in determining which part of a business plan needs prioritizing and assessment.
Write an executive summary the same way how one writes an introduction. It should be concise since you’re not making a whole report. Do not include infographics and any other images in your summary. Save these tools for the writing itself.
Avoid making your executive summary into an essay, so you must keep watch of what you write. It can also lead to redundancy, which means that you’re repeating the same idea. Remember, you’re trying to aim for an overview and not a whole report. For example, you stated, “Maximizing our profits is our main concern.” and in the next few sentences, “We must focus on increasing our budget.” You need to avoid doing that in your executive summary.
Your executive summary must outline the main points of your report or presentation since it is where the summation is going to focus. You can bullet the essential ideas and briefly discuss the reasons why it is in your report. For example, suppose your executive summary is regarding the investment on a startup project. Focus solely on why it is an excellent opportunity to do so and do not go off-topic from there.
Since your audience is most likely managers and executives, make sure that you write it in a professional tone. This shows that you respect your senior employees and conveys that you are sincere in delivering the business plan.
Some might think that an abstract and an executive summary are the same, but both are entirely different. An abstract use is for research purposes and is an insight into a particular topic. But, an executive summary’s use is for business purposes. It is a short version of a specific report or presentation organizational operations.
Given that it is a summary, it should only be one to three pages long, or if it is in a PowerPoint presentation, it should be one to five slides. You must always remember that an executive summary is not a long document and should not contain the whole report itself.
An executive summary is for your superiors because they don’t want to waste time reading a long report since they will discuss it in a meeting later on. They just need insight into what the report or presentation will be about so that they can formulate their opinions and share ideas for that report.
An executive summary is critical because it is how a person can speed up reading information about business operations. Investors and stockholders usually focus on an executive summary of a presentation or a report to apprehend ideas and decisions regarding the topic. That is why your executive summary must be effective in delivering concise content to your readers.