How to Write a Business Progress Report

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Business progress reports are an overall analysis of the progress of a particular business in relation to its originally outlined business goals and a projection for the next year. Business reports are typically presented annually to shareholders and board members to inform them of the overall progress and uses for their investments. When drafting a business report it is vital to remain complete, precise and informative.

  • Outline the necessary components of the report and add in all the facts and figures for each section. The order may include: annual overview, liability report, asset management, tax management, profits and losses.

  • Draft each section of the report using specific facts and figures. Avoid generalities as they are meaningless to investors.

  • Honestly reflect any shortcomings. While no one likes to present a negative review, these are essential facts that investors must know. Remember to keep the information fact-based and consider offering a sentence or two about projections for improving those areas of the business in the next fiscal year.

  • Ask at least two other employees at your same level or higher to review the report and offer feedback for any areas that seem to be lacking.

  • Proofread the report carefully, as it will be distributed to numerous superiors. Remember that appearances are everything in the business world, so the report should be error-free.

References

  • "How to Write Reports and Proposals"; Patrick Forsyth; 2000.
  • Photo Credit Jupiterimages/Pixland/Getty Images
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