The Video Transcription:
There should be a biography of senior management included in this chapter. It should be a short biography of each of the senior management.
Do not have all the senior management at C levels – Chief Executive Officer, Chief Financial Officer, Chief Operating Officer. It’s important to allow people to grow into titles rather than allocate them all out on the first day.
Provide an organisation chart in this chapter. Identify any gaps in management either now or likely in the future in this part of the business plan.
Include a schedule of employees now or required and these can be referred back to more detailed appendices detailing out same.
The experience of the managing team is crucial to the success of the business. Most would rather invest in a mediocre idea with a first class team rather than a blockbuster idea with a mediocre team. And keep that in mind in relation to the business and a relation to the business plan.
Download the “Business Plans/Seminar” PowerPoint Presentation below.
