In 2012, the state of Maryland hired Computer Science Corp. (CSC) to upgrade its Medicaid reimbursement system. The contract was supposed to last five years with three possible extensions for a total possible payout of $297 million (with extensions). However, the state claims that it became dissatisfied with the work the company was doing and terminated the contract. Now, the state wants to resolve the business dispute without litigation.
Setting goals, keeping track of progress and attracting investors are essential to the success of most Maryland small businesses. A business plan is where goals are set, along with identifying the path to meet them. It can be a powerful tool in finding people to invest in a business. However, many potential investors might not want to read the entire plan or understand the technical jargon. This is where an executive summary can answer questions about the business and entice the reader to delve deeper.