One of the strongest factors for success
in any growth company is the strength and experience of the people
involved in the venture. Why is this so important?
 Lenders
and investors are likely to review this portion
of your business plan before reading the other sections
since this is the piece of the plan that they almost
entirely will base their decision on.
Potential
funding avenue’s look not only to see if the management
team has the experience necessary to run the business,
but also if the internal structure makes maximum
use of the talents of the team members.
Below are some questions you should contemplate when gathering
your workforce data:
Assessment
of Management - What are the strengths that your team
has in order to ensure implementation of your company objectives?
What are the weaknesses and how will they be corrected?
Management
Profiles – Do you have resumes/profiles for your
senior management team? What are their responsibilities—
is the authority properly distributed? Do you have jobs that
include responsibility without authority? Can they sign on behalf
of the Company?
Employees
– How many employees do you or will you have?
What is the pay structure and the fixed salary expense? Do you
have sales personnel that will receive a percent amount of commission?
Resources
- Do you have the names of your key contacts, their company’s
name and phone number? This includes your lawyer, accountant,
current banker, owners, etc.
We can take your management team details and present them in
a style and language that will attract your potential investors.
Contact us at support@businessplandocs.com
today!
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