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Management Team Section of Business PlansTip! Another business management characteristic is to know how to respond to industry changes and market conditions. A successful entrepreneur will learn through other people's knowledge and efforts especially those of their clients or competitors. Writing an award winning business plan is a great skill, but rather than winning any awards you need to get funded. In order to be funded the bank, venture capital firm or even family members need to be sure they will either be paid back or receive their required return on investment. To succeed in business you need a quality management team one, which can move you thru the rough waters of start-up and control the ship as you sail away from the competition. Here are some pointers for your Management Section. Keep the information tight, short and sweet. Use a consolidated approach to cutting down resumes to two-three paragraphs of each team member. If you are a sole proprietor and will be the only one in the company do not exceed two-pages of resume and remove the fluff. Below is a sample Management section for a business plan minus the resumes of the team members. It is written for a simple business to illustrate the points; a mobile car wash company which is part of a franchise system. This sample will help you in your mission to write an exceptional management section of your next business plan.
- - - - - - - - - - - - - - - - Management: (Insert Name of Franchisee) will be the owner and sole proprietor. He will be the owner/operator of the first car wash truck in this exclusive territory. He is qualified as a manager having completed The Car Wash School of Aeronautics. Listed below is a brief resume for (Insert name of Franchisee): (Insert Resume here) There will be some controls placed upon our company by the franchisor. These controls on management are for quality service and consistency. These are reasonable controls. Controls are for additional trucks and training of management. Each additional truck will have a crew leader (manager) aboard. This manager will have to complete manager training at the franchisor headquarters. If we choose to go to independent contractors instead of managers later on, then these independent contractors will also need to complete training. Training will consist of forty (40) hours at the franchisor headquarters. Our company will also train manager/independent contractors for forty (40) hours locally to insure that they have been properly introduced to their route and customers. Each one of the crews will have a worker who has been working at least one month before they are allowed to go out alone in case the manager/independent contractor is sick. Tip! By looking at each of these findings, the business management of any organization can begin to see specifically the drain on the bottom line when leadership ethics are not internalized by ALL employees. Each individual manager will be in charge of running a route and keeping on schedule. They will also be required to: Bring Truck and Equipment Back in Good Condition Collect Fax Phone Numbers on Route Deliver Co-Op Advertising and Promotional Information Do Sales On Route Follow Operational Procedures Keep Truck Clean and Polished Make Sure Crew Members Are On Time Make Sure Crew Members Are Well Groomed and Uniformed Make Sure Supplies and Water Are Stocked Solicit New Businesses Moving Into Area If at a later date we choose to use independent contractors, then we will not tell independents the time, mode or manner of operations. This will help us maintain the distinction between employee and independent contractor with regard to Internal Revenue Codes. These independent contractors will have to: Complete Training Buy Uniforms Hire Their Own Crews Rent Truck Buy Their Supplies From Our Company Pay All Operational Expenses 1. Labor
2. Water
3. Towel Washing
4. Supplies, Etc.
5. Gas, Diesel Fuel Tip! Although your department might know ways of improving business management, without top-down approval and overall cooperation, the plans are likely to fall through. Any good business management implementation requires a great deal of cooperation at all levels of the business. Sign a Non-Competition Disclosure Set Their Own Time Schedule Based Upon Suggestive Previous Route Schedule Promise To Do Good Quality And Service All Customers Buy Their Own Pager Use Their Own Cellular or Digital PCS Portable Telephone Lance Winslow
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