Business Management Plan Ballston Spa NY

Do you know the management team section? Do you know it works?This article will tell you all.

Mjw Consulting Inc
(718) 461-1310
3333 161st St
Flushing, NY

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Starbright
(716) 400-1538
44 Fairfield
Buffalo, NY
 
Neva, Inc.
(917) 477-2361
909 3rd Ave.
New York, NY
 
Baer & Associates, LLC
(716) 831-0000
2495 Main St., Ste. 470
Buffalo, NY
 
SigniCor, LLC
(716) 842-1913
259 Lakefront
Buffalo, NY
 
PBN Consulting, LLC
(718) 703-1425
271 Parkside Ave
Brooklyn, NY
 
Seven Avenue Management Corporation
(718) 768-1200
417 7TH Ave
Brooklyn, NY

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Acuity Business Consulting, LLC
(716) 208-9985
3605 Eggert Rd.
Orchard Park, NY
 
Martin Business Consulting, LLC
(716) 425-6095
8292 Old Post Rd. E.
East Amherst, NY
 
Hasenfeld & Klein
(646) 436-3320
1525 55 street
Brooklyn, NY
 
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Business Management Plan

The Management Team section should include biographies of key team members and detail their responsibilities. It is important that these biographies are not merely resumes that include the educational backgrounds and previous job titles and responsibilities of the team members. Rather, biographies should highlight the most relevant past positions that the individuals have held and specific successes in each. These successes could include launching and growing new businesses or managing divisions of established companies.

Team member biographies should be tailored to the company's growth stage. For instance, a start-up company should emphasize its management's success launching and growing companies. A more mature company should emphasize how team members have successfully operated within the framework of larger enterprises.

Depending upon the stage of the company, key functional areas may be missing from the team. This is acceptable provided that the plan clearly defines the roles that these individuals will play and identifies the key characteristics of the individuals that will be hired. However, it is generally not favorable if personnel are missing for ultra-critical roles. For example, a plan that is fundamentally a marketing play should not seek financing without a stellar marketing team.

The Management Team section should also include biographies of the company's Advisory Board and/or Board of Directors. While having well-known advisors/board members adds credibility to the business plan, it is highly effective to explain how these advisors will directly impact the company through strategic advice and/or providing conduits to key clients, partners, suppliers, etc.

In summary, the Management Team section of the business plan is an opportunity to prove to investors that your company has the necessary talent to succeed. Rather than waste this opportunity by merely showing employee resumes, which could be included in the Appendix, the section should be used to explain precisely how the team is uniquely qualified to execute the venture in its present state.

About the Author:

As President of Growthink, Dave Lavinsky has helped the company become one of the premier business plan development firms. Since its inception, Growthink has developed over 200 business plans. Growthink clients have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share. For more information please visit http://www.growthink.com.

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