Unit 4 AS: Executive Summary in LivePlan

Steps for LivePLan

Step 1: The first step will be to create a new company so you will enter the following information:

· Company name

· Business Stage – new business

· Start of forecast

· Length of Forecast – 3 or 5 years – your choice

· Monthly detail – select 1 year

· Preferred currency – Select dollars please.

Click on “Create a company” and then “Start Plan.”

Step 2: Click on the Executive Summary and begin writing the “Opportunity” section (there are two sections in the Executive Summary: “Opportunity” and “Expectations”). Since LivePlan does not have a section for an Industry Analysis, you will have to modify the outline. First, rename “Market” to “Industry Analysis and Target Market” in the Executive Summary and “Target Market” to “Industry Analysis and Target Market” in the Opportunity. The revised outline should look like:

Executive Summary

Opportunity

Problem

Solution

Industry Analysis and Target Market

Competition

Why Us?

Expectations

…

Opportunity

Problem & Solution

Problem Worth Solving

Our solution

Industry Analysis and Target Market

Market Size & Segments

Competition

Current alternatives

Our advantages

…

For this assignment, we only need to complete the “Opportunity” section in the Executive Summary.

Once you are ready to submit this assignment, go to “Account” at the top of the page and click on “Add or Manage Users”. Click on “Add a Contributor” and put your instructor’s email address in the top box. Be sure to click on the box which selects the company to which your instructor will have access. An email will automatically be sent to your instructor inviting them to review your plan. Your instructor will be able to add his or her comments directly in your plan. You can access all comments under the “Comments” tab under the Plan tab.

Step 3: To be graded for this assignment, you need to click the Unit 4 assignment link to submit the assignment, so your instructor is given the access to the Blackboard gradebook.