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(1) An Outstanding Business Progress Report Sample | Free Download

Writing a Business Progress Report

A business progress report provides an overall indication of the business health of a company. It analyzes the progress of the outlined business goals and projections made at the start of a year. Itย commonly presents itself to top management and business investors.

Also, it acts as a medium of communication among units of an organization as it conveys essential information that serves as a basis for coming up with business strategies and critical decisions.

Part 1

Here are some key points in coming up with a business progress report:

  1. The Organization May Opt to Form a Team to Come up with a Business Progress

    A leader may be assigned, and each member may be assigned with a particular indicator to work on. They will be responsible for monitoring the progress of the business based on a given indicator and in gathering information on it for the purposes of reporting.

  2. Decide on the Major Highlights and Determine Its Overall Objective

    Though the business progress report is primarily ready to provide information to its readers. Create an outline of these indicators, so you will know which facts and figures to include. Be as accurate as possible in the report as investors do not necessarily subscribe to generalities.

  3. Reflect Any Shortcomings

    Be transparent in reporting about those areas where progress have been slow to the company. It is important to convey this information to the top management and to the investors to give them a heads up on the real situation of the enterprise.

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    Just donโ€™t forget to provide action plans on how the company intends to resolve the issue or improve the situation.

  4. Make Your Report Easy to Read and Understand

    Create clearly-labeled subheadings for each indicator or topics it addresses. Information within the business progress reports should be easy to find as executives and investors may not have time to read the whole length of the report.

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    They may also be interested in a single topic only and may need to read it first upon receiving the report. All technical information that needs to be in the report may form part of the appendices found at the last pages of the report.

  5. Ask Someone to Proofread the Report and Provide Feedback

    Make sure that the business progress report is free from any grammatical or typographical errors. Validate all information and statistics indicated in the report. You may do this by sending a copy of the report to each concerned department and ask them to verify its contents. Accuracy and transparency are two essential elements of any business reports. As a result, it should also reflect on the professionalism of the person who crafted it.

Crafting and presenting a business progress report to the executives and the investors may seem like a challenging task at first, but with the proper preparation and planning, everything else will fall into its proper places.

 

Part 2

Business Progress Report: Free Download Section

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Download Business Progress Report DOCX

 

 

Part 3

Additional Sources

  1. How to Write a Very Smart Project Progress Report + Free Template Download
  2. How to Write a Simple Weekly Progress Report + Free Template Download
  3. How to Write a Great Business Development Status Report + Free Template Download