Management+Team+Plan

This section should present: When writing the business plan, the Management Plan section describes your management team and staff and how your business ownership is structured. People reading your business plan will be looking to see not only who's on your management team but how the skills of your management and staff will contribute to the bottom line.
 * your qualifications
 * qualifications of your partners
 * describe how your team has capabilities to execute your business concept
 * discuss how you will fill in any gaps since you may be missing expertise

A convenient way to organize the Management Plan section of your business plan is to break it into sections detailing your: **The Ownership Structure** section describes the legal structure of your business. It may be a single sentence if your business is a sole proprietorship. If your business is a partnership or a corporation, it may be longer; you want to be sure you explain who holds what percentage of ownership in the company. **The Internal Management Team** section will describe the main business management categories relevant to your business, identify who's going to have responsibility for that category, and profile that person's skills. The basic business categories of Sales and Marketing, Administration and Production work for many small businesses. You may find that your company needs additional management categories such as Research and Development and/or Human Resources. It's not necessary to have a different person in charge of each business management category you decide to use in your company; some key management people may fill more than one role. Identify the key management people in your business and explain what functions each team member will fill. While External Management Resources are often overlooked when writing a business plan, (and running a business), using External Management Resources effectively can make the difference between management success and failure. Think of External Management Resources as your internal management team's backup. They give your business management plan credibility and an additional pool of expertise. There are two main sources of External Management Resources you should utilize and describe in this section of the business plan; Professional Services and an Advisory Board. The trick to writing about your business' human resources needs in the management plan section of your business plan is to be able to describe your human resources needs specifically. To write something such as, "We'll need more people once we get up and running" will impress no one. Begin with the bottom line. How many employees will your business need and what will it cost you? This is what will be of most interest to the people reading your business plan. First, consider how your business' human resources needs can best be met. Will it be best for your business to have employees or should you operate with contract workers or freelancers? Do you need full-time or part-time staff? Outline your staffing requirements in this section of your business plan, including a description of the specific skills that the people working for you will have to have.
 * Ownership Structure
 * Internal Management Team
 * External Management Resources
 * Human Resources Needs