What Goes into a Nonconfidential Overview of My Business?
I was asked to put together a nonconfidential overview for my business. Can you help give me a sense of what types of information should and should not be in it?
Join us in a city near you at Entrepreneur’s Accelerate Your Business event series kicking off Feb 23. View cities and dates »Nonconfidential overviews are often used in situations where companies are seeking investment capital, grants, or promoting venture opportunities.
It's a way of communicating your business concept to outside parties -- the reason it needs to contain only nonconfidential information.
You see them often in the energy and hi-tech sectors. They tend to include an executive summary, a short statement of the opportunity being offered, an overview of the business and business model and, depending on your audience, an outline of terms and conditions and disclaimers.
Knowing what to divulge and what to keep close to the vest should not be a decision you make with your gut. You'd want to avoid intimate details about intellectual property or trade secret business processes in a non-confidential overview.
It's a good idea to consult with professional advisors so that you don't give away too much information or use wording that can cause you to run afoul of state and federal securities law and Federal Trade Commission regulations.
Definitely don't pull one off the Internet and copy it.
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