Every entrepreneur has heard different stories on how to start and run a successful business. Business plans are known to play a huge part in this success, especially for…continue reading
What Is a Business Report?
A business report is a written document designed to assist managers in making critical decisions for the company. This enables you to examine potential solutions to a problem, apply business and management theories to a situation, and provide recommendations for future action. The report is written after careful research and assessment of a specific business matter in order to relay these facts to readers in the most comprehensible way possible. By getting an even deeper insight into the problem, you can overcome challenges with ease.
The very nature of a business report is what differentiates it from other business documents. It tackles a specific subject, targets a predetermined audience, follows a particular layout, contains factual information, maintains a neutral essence, and is presented in an orderly fashion so that readers can easily locate the information they need. A level of formality, sensitivity, accuracy, and objectivity should be established to prevent unfavorable results. These unique characteristics help those interested make practical decisions for every area in business.
Key Elements of a Business Report
Business reports are only useful if they answer all the key questions that need to be addressed. The main points it should include and the way your facts, figures, and analysis are organized will affect how your message is carried across. For this reason, breaking down the document into various sections will help you clearly and effectively construct the report.
Listed below are the five elements that make up a good business report.
Samples of Business Reports
The following are samples of reports written in different disciplines of business.
Accident Investigation Report
Ensure that no information relating to an accident is overlooked by reporting the matter on paper.
Annual Financial Report
Provide information on the company’s financial achievements through an annual report.
Annual Retail Sales Report
Measure the yearly sales of your retail business with the help of a report.
Business Case Report
Prove that the product you’re pitching is a sound investment by using a business case report.
Business Meeting Report
Present the details of a meeting to company stakeholders through a written report.
Business Sustainability Report
Discuss the economic, environmental, and social impacts of your daily activities in a report.
Business Trends Report
Cover the key trends of your business environment in a detailed report.
Business Trip Report
Keep track of your business travel details, expenses, responsibilities, and rewards with a report.
Determine legislative intent with the help of the data gathered in a committee report.
Customer Satisfaction Survey Report
Find out if customers are satisfied with your services by writing a report for your survey findings.
Customer Service Assessment Report
Evaluate applicants or current customer service employees with an assessment report.
Daily Activity Report
Keep a record of all activity throughout the shift by creating a daily report.
Daily Work Report
Monitor the progress of employees with the help of a daily work report.
Employee Confidential Report
Make a general assessment of the work performed by an employee using a report.
Employee Engagement Report
Understand the commitment and satisfaction level of employees through an engagement report.
Employee Performance Report
Conduct regular performance reviews on company employees using this sample.
Employee Retention Report
Create an effective employee retention strategy by analyzing key data in a report.
Employee Safety Report
Allow employees to report an unsafe workplace condition or practice using this sample.
Environmental Responsibility Report
Provide comprehensive information on your environmental strategy through a report.
Feasibility Report for a Food Hub
Analyze the evidence supporting the development of a food hub in your area with a report.
Final Investment Decision Report
Maximize investment opportunities by reviewing the facts specified in a report.
Financial Statements and Management Report
Make a report on consolidated financial statements with the help of the sample provided.
Hourly Sales Report
Reveal your company’s sales volume throughout the day with an hourly report.
Incident Investigation Report
Determine the root cause of an incident by identifying the findings of your investigation in a report.
Informal Business Report
Share important business information in a brief and direct manner through an informal report.
Insurance and Legal Report
Explore the insurance and legal impact of certain business actions in a report.
Legal Advice Report
Refer to this sample before entering into a lease or assignment of lease.
Management Review Summary Report
Conduct a management review by summarizing your observations in a formal report.
Manufacturers’ Inventory Report
Make it easy for assessors to determine the extent of your inventory with a report.
Market Research Report
Meet the needs of clients and solve challenges more easily by writing a report for reference.
Monthly Business Report
Provide status updates on important projects by creating informative monthly reports.
Monthly Marketing Report
Highlight how your marketing strategy is performing from month to month with a report.
Monthly Progress Report
Inform interested parties about the monthly progress of a project with a report.
Performance Analysis Report
Quantify your company’s performance over a given period of time through an analysis report.
Project Closure Report
Assess a project’s success and formally close its production through a detailed report.
Project Completion Report
Describe the outcomes of a finished project in a written report.
Quarterly Earnings Report
Announce your quarterly earnings to the public with an official report.
Quarterly Progress Report
Talk about the progress made over a span of three months through a quarterly report.
Risk Management Report
Discuss the strategic and financial impact of risks in a business report.
Root Cause Analysis Report
Identify the source of a problem by documenting your findings in an analysis report.
Site Visit Report
Obtain in-depth information about your observations and findings on site through a visitation report.
Small Business Cyber Risk Report
Study the risks and threats of a cyber attack by revealing your findings in a report.
Small Business Impact Report
Discover promising business opportunities with the help of the given sample.
Social Media Report
Prove the value of your social media marketing plan with the use of a good report.
Stakeholder Survey Report
Describe the results of your stakeholder survey in an explicit report.
Team Member Status Report
Update project managers on the status of the team with the help of a report.
Technical Report Format
Write effective technical reports by using this format sample as your guide.
Training Evaluation Report
Communicate the outcomes of your training program in an evaluation report.
Weekly Status Update Report
Prepare a summary of all the work done during the week through a status report.
Work Activity Report
Narrate your work activity to managers by writing a periodic report.
The Different Types of Business Reports
Business reports are made to formally present a piece of information clearly and concisely. It’s about communicating information to give business leaders what they need to make major decisions and plans for the future. But when it comes to writing and formatting these reports, we must consider how every report is different based on their need and the situation at hand.
Below we discuss the common types of reports used for different business-related purposes.
Business Report FAQs
We answer some of your frequently asked questions about business reports below.
How do you title a business report?
The title page of the report contains the main subject of the document, the date of the report’s submission, the author/s behind it, and the organization or group that they are associated with. It basically labels the document for readers to know the what, when, and who of the report. When writing your title, you need to keep it brief but descriptive of the project. Focus on the business matter being discussed in the document and convey it in a way that will entice your audience. This will make it easy to comprehend and remember for future reference.
Why is reporting important in business?
Detailed reports can be very useful for businesses to critically analyze their financial standing and market performance. The data found in the report will be used to back your decisions and justify your every move. It can even reveal areas that are experiencing more turmoil and turnover than others. With the knowledge acquired from these reports, managers can set solid strategies and provide solutions to each problem.
Rather than feeling intimidated by the idea of writing another report for your boss, consider this as an opportunity to share vital information that covers the complex points of a problem or situation. This will give you a better look into how the business functions and which areas to improve on. Whatever you do, remember to keep your audience in mind to ensure that the information you put remains focused and relevant to what they need.