Management
People reading the business plan need to be given an idea of
why they should have faith in the management of your start-up.
Outline the management skills within your team.
·
Define each management role and who will fill it.
·
Show your strength and outline how you will cope with any
weaknesses.
·
Describe the background and experience of each team member.
·
Clarify how you intend to cover the key areas of production,
sales, marketing, finance and administration.
·
Management information systems and procedures should be
outlined. For example, management accounts, sales, stock control and quality
control.
·
Show how many ‘mentors’ and other supporters you will have
access to.
How
committed are you?
Banks and any other potential investors will want to be sure
you are committed to the business.
Show how much time and money each of the management team
will contribute, and what your salaries and benefits will be.
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