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Management Team. Module 5 Business Plan Course Ryan Murray MBA, CBA. We’ll Cover Management in 2 Parts. Part 1- How to write the management section of the business plan. Part 2-Management Theory, how to be a good manager. Business Plan – Management Section. Owners Key Employees

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Management Team

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Management team

Management Team

Module 5

Business Plan Course

Ryan Murray MBA, CBA


We ll cover management in 2 parts

We’ll Cover Management in 2 Parts

Part 1-

How to write the management section of the business plan

Part 2-Management Theory, how to be a good manager


Business plan management section

Business Plan – Management Section

  • Owners

  • Key Employees

  • Advisors


Business plan management section1

Business Plan – Management Section

  • Owners

    • People who have a significant equity stake

  • Key Employees

    • Individuals who are critical to the success of your business

  • Advisors

    • Qualified individuals with a significant interest in the success of your business who don’t have a significant stake


Business plan management section2

Business Plan – Management Section

  • Owners

    • People who have a significant equity stake

      • Resume Style

  • Key Employees

    • Individuals who are critical to the success of your business

      • Resume Style

  • Advisors

    • Qualified individuals with a significant interest in the success of your business who don’t have a significant stake

      • Name and Title


Business plan management section3

Business Plan – Management Section

  • Owners

    • People who have a significant equity stake

      • Resume Style

    • Owners can be Key Employees

  • Key Employees

    • Individuals who are critical to the success of your business

      • Resume Style

    • Key Employees can be Owners

  • Advisors

    • Qualified individuals with a significant interest in the success of your business who don’t have a significant stake

      • Name and Title

    • Advisors should only be advisors


Things to consider for your plan

Things to Consider for your plan

  • Banks/investors often want the management section first on the business plan

  • Getting the right team is essential for success

  • Don’t include non-relevant experience

  • You can include resumes in the appendix

  • Don’t “pad” your management team (everyone should be actively involved in the success of the business

  • If you are missing key people take the time to get them

    • (First Who, Then What)


Characteristics of a great leader

Characteristics of a great leader

Personal Management Assessment Tool

  • If you answered yes to 10 or more

    • You need to work on developing your management skills

  • If you answered yes to 5-9

    • There are too many areas of concern to create a great company

  • If you answered yes to 2-4

    • You still have some work to do before you will experience lasting success

  • If you answered yes to only 1

    • Any 1 of these negative habits will significantly limit or ruin your chances for becoming a great company


Three things every manager needs

Three Things Every Manager Needs

  • Counseling

  • Training

  • Mentoring


Homework

Homework

  • Create a list of your management team

    • Contrast this with a list of key responsibilities, talent, experience needed

  • Write up the management bios

  • Identify your weaknesses as a manager/leader

  • Create a plan of action for overcoming these weaknesses


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