DB4

EXECUTIVE SUMMARY

ToolsCorp Corporation

ToolsCorp Corporation will be established as a C Corporation at Lowes Australia location to be determined later with expansion in the global market. ToolsCorp will solicits financial backing for products listed below.

The ToolsCorp Corporations is a manufacturing Company that specialize in electrical and outdoor products that will follow the state laws of Tennessee and will be headed by the COO (To be determined) with a Master’s in Business and a proven track record.

Management Team

The management team will consist of the following:

Chief Financial Officer (CFO), Chief Marketing Officer, (CMO), Chief Operating Officer (COO), Chief Security Officer, (CSO), Chief Technology Officer (CTO).

The products will be made locally and sold through big box retailers such as Lowes and Walmart. For advertising purposes, we will put flyers in the local newspaper every Friday.

New Product

ToolsCorp will introduce their products to the market after a short trial period for the products listed below:

power tools, lawn mowers, lawn furniture, microwaves, and ranges. The target market is a global region with a demand for power tools electrical and lawn equipment.

The Company will ask for a loan of $5,000,000.00 for a 30-year loan, to be used for the following purposes:

Operating Expenses

Advertising

Global Market Entry

The company will engage in a long-term debt repayment financial plan with the expectations of breaking even within a 10-year period. After the financial period, we expect to have a return of 2.5%.

Short Term Goals:

Prepare an organized report for the Strategic Officers Steering Committee of ToolsCorp Corporation to move forward with our efforts on moving into the global industry.

Long-Term Goals:

Look at getting positive feedback from our customer base an increase it by at least 95 percent while doubling our current revenue by the end of the fiscal year. Put in place an employee’s incentive program for the employees that come with the best ideas within the year that will build the company brand. Triple traffic to our web site to increase sales. Introduce an updated product after five years.

Reference:

Ward, S. (2017, March 29). An Example of How to Write an Executive Summary for Your Business Plan

Retrieved May 11, 2017, from https://www.thebalance.com/business-plan-executive-summary-example-

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