Business Plan Organization

Business Plan Organization-59
For example, limited liability and corporations are excellent for protecting shareholders in relations to liabilities.

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One key note: Don't be tempted to add a "name" to your management team in hopes of attracting investors.

"Celebrity" management team members may attract the attention of your readers, but experienced lenders and investors will immediately ask what role that person will actually play in the running of the business--and in most cases those individuals won't play any meaningful role.

Joe has over twenty years experience in the cycling business.

He served for ten years as a product manager for ACME Bikes.

For example, this section will include job titles and responsibilities, resumes from ownership and management showing expertise in the industry and supporting accolades for expertise.

Through discussing job responsibilities and experiences for management, readers will better understand why this type of business structure and this management team will be successful in the proposed business.A second benefit for detailed assessment of a company’s structure is to understand how each owner will contribute to the company.In other words, if there are more than one owner, what are the responsibilities and how are these responsibilities to be carried out.If you don't have a lot of experience--but are willing to work hard to overcome that lack of experience--don't be tempted to include other people in your plan that will not actually work in the business.The organization structure section should discuss whether your business will be a sole proprietor, limited liability corporation, or corporation, who will run your business, each person’s responsibility, and how your business will expand if needed.In the job responsibility section, I usually structure this portion is a bullet pointed list.At the top, I put the title such as CEO, project manager or job title.There are numerous benefits for detailed assessment of the company’s structure.First, examining the structure of the business will help for tax purposes.After that he was the Operations Manager of Single Track Cycles, a full-service bike shop located in Bend, Oregon. She worked in product development for High Tec frames, creating custom frames and frame modifications for professional cyclists.He has an undergraduate degree in marketing from Duke University and an MBA from Virginia Commonwealth University. Rouleur can be found in the Appendix.(Mary was the 2009 U. She also has extensive customer service and sales experience, having worked for four years as the online manager of Pro Parts Unlimited, an online retailer of high-end cycling equipment and accessories.

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