Management and Organization Section
This part of the Business Plan, located after the Operational Plan section, should include information about your company’s organizational structure, details about the ownership, profiles of the management team, and the qualifications of your board of directors (if you have one.)
Who is in charge of daily management of the business? Is he/she qualified through extensive experience or special competencies? Are there any long-term plans for the business if this person can no longer fill the position? Describe what kind of salary and benefits package you offer to your employees. Are there any incentives or promotions?
If more than 10 employees are hired, you must organize a chart displaying the management hierarchy and who is responsible for key functions. Most plans have sub-sections for employees. Include a personnel plan if you want to expand your business and personnel expenses, such as salary, benefits, and stock options. For each key player, include their:
Relevant background and experience
Special areas of expertise
Educational level
If more than one person is in charge of operations, include their information in the Appendix section at the end of the plan.
If you are seeking loans or investors, include the resumes from the owners and key employees.
Professional and Advisory Support
List the following:
Board of directors
Management advisory board
Attorney
Accountant
Insurance agent
Banker
Consultant or consultants
Mentors and key advisors
Next section in the business plan: Personal Financial Statement
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