Business Management Plan Watertown NY

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

Culinary Arts Specialties, Inc.
(716) 656-8943
2268 Union Rd.
Cheektowaga, NY
 
Upstate Consultants, LLC
(716) 432-3602
80 Oakland Pl.
Buffalo, NY
 
Fastel Corp
(212) 722-1491
1762 2nd Ave
New York, NY

Data Provided by:
Archer Brown Corp
(518) 439-9189
159 Delaware Ave Ste 126
Delmar, NY

Data Provided by:
Janet Hayes Consulting
(917) 400-3633
505 Laguardia Place
New York, NY
 
Argo Shipping Agency Incorporated
(212) 964-8565
170 Broadway Ste 1506
New York, NY

Data Provided by:
Can Am Consultants Inc
(585) 777-4040
4 Commercial St Ste 200
Rochester, NY

Data Provided by:
Eichlers.com - Online Judaica Store
(718) 258-7643
1405 Coney Island Ave
Brooklyn, NY

Data Provided by:
Gary R. McClain, PhD. Inc.
(212) 227-0515
80 8th Avenue
New York, NY
 
United Management Co
(718) 923-5900
166 Montague St
Brooklyn, NY

Data Provided by:
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