Updating Your Business Plan for 2019 Part 7 - Management & Organization

 
bWyse Internet Marketing & Social Media Consulting
The Family-owned Business that Gives A HOOT!
Call Today! 425-885-9976

bWyse Internet Marketing Learning Center Blog

Below you will find a wealth of Internet Marketing information.  Please feel free after reading your selection, to post a comment, or a question ... we love hearing back from our readers!

We blog three times per week - check back often for latest and greatest internet marketing information.

Most Recent Posts ...

bWyseInternetMarketingLogo_web.png
5 Steps for Selling More Online

Posted on: 4/17/2019 9:00:00 AM
BWYSEBLOG_LindayAngelow.jpg
N3 Main Event 4/23/19: Lindsay Angelo

Posted on: 4/13/2019 9:00:00 AM

Search All Blog Posts

Signup for Email Updates

Enter your email address:

Updating Your Business Plan for 2019 Part 7 - Management & Organization
Written By: June Bachman ~ 1/25/2019 9:00:00 AM

Updating Your Business Plan for 2019 Part 7 - Management & Organization

Updating Your Business Plan for 2019 Part 1 - Getting Started

Updating Your Business Plan for 2019 Part 2 - Executive Summary

Updating Your Business Plan for 2019 Part 3 - Company Description

Updating Your Business Plan 2019 Part 4 - Products and Services

Updating Your Business Plan for 2019 Part 5 - Marketing Plan

Updating Your Business Plan for 2019 Part 6 - Operational Plan

The Management and Organization section of your business plan should provide an understanding of the people in your business – including roles and responsibilities. For businesses seeking investors or financing, the qualifications of your management team will be carefully scrutinized.

In this section include:

  • Biographies - Include brief biographies of the owner/s and key employees. Include resumes in the Appendix. Here, summarize your experience and those of your key employees in a few paragraphs per person. Focus on the special experience and skills each person brings to the business.
  • Organization Chart - If you have more than 10 employees, include an organization chart showing who is responsible for key functions. Describe the positions of key employees.
  • Continuation Plan - How would you continue the business if owner/s or key employees left or were incapacitated?
  • Advisors - List the members of your professional/advisory support team, including:
    • Attorney
    • Accountant
    • Board of directors
    • Advisory board
    • Insurance agent
    • Consultants
    • Banker
    • Mentors and other advisors

Explain the relevant experience and specializations of your advisors. For example, does your mentor have experience running and expanding a similar business?

After reading the Management & Organization section, the reader should feel confident in the qualifications of your team.


Share this post!