Business Management Plan Ballston Spa NY

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

Bella Terra Apartments
(845) 256-1119
151 State Route 32 South
New Paltz, NY
 
Clinton Properties, LLC
(845) 255-1855
5 Locust Lane
New Paltz, NY
 
Patwell Consultants
(718) 210-3631
155 Water Street
Brooklyn, NY

Data Provided by:
DKL Imagine This
(212) 491-2769
2289 Fifth Avenue
New York, NY
 
Pitagorsky Consulting
(212) 696-9687
144 East 37th Street
New York, NY
 
Career Partners International/RW Caldwell Associates, Inc.
(716) 632-7662
330 Harris Hill Rd.
Buffalo, NY
 
Shinda Management
(718) 262-9167
11018 Sutphin Blvd
Jamaica, NY

Data Provided by:
Marra & Associates, LLC
(716) 609-0363
13 Kate Land Ct.
Getzville, NY
 
Mirren Business Development
(212) 228-2171
2 Bond St Ste 1
New York, NY

Data Provided by:
Murak & Associates, LLC
(716) 631-0253
300 International Dr.
Williamsville, NY
 
Data Provided by:

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.

Article Source: thePhantomWriters Article Submission Service