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Here's
your opportunity to SHOW-OFF your management team. |
Many
Investors Say They Invest In
People, NOT In Businesses!
In writing your Management
Summary part of your business plan, you will want to show readers that
your management team and staff have the necessary SKILLS and EXPERIENCE to
be able to implement the business plan.
This
section of your business plan should:
- describe the
structure of your organization;
- summarize the
expertise and experience of your management team
- identify your
staffing needs and any labor market issues.
What's
Your Organizational Structure?
Describe the
management and staffing STRUCTURE of your business.
Discuss how many employees you currently have and how many you expect to
have over the next three years.
What are the key positions within your business and what are the reporting
RELATIONSHIPS between those positions?
Who's
On Your Management Team?
Who are the key
people on your management team? List and give a brief description of each
member of your management team including...
- their
position,
- key
functions, and
- relevant
experience.
Attach resumes for
each member of the management team to the end of the business plan.
Discuss the strengths and weaknesses of the management team (including any
positions which are not currently filled) and how you will deal with these
weaknesses.
What
About Staffing Issues?
Discuss HOW you will
fill the key non-management jobs within your business.
Highlight...
-
the
qualifications needed,
-
level of
experience you will require,
-
the wage
rates and benefits you will pay, and
-
what
training you will provide.
Don't
Forget To Discuss Any Labor ISSUES!
Discuss any factors
that could affect your ability to find, hire and keep employees.
the Management
Summary can be a KEY AREA in writing a business plan because potential
investor might use it make a final decision, especially with all other
factors being favorable.
The last section in
our outline BRIEFLY discusses the required Financial Statements to be
included in your business plan. Click
here for a review!
Articles courtesy of Palo
Alto Software, Inc.
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