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This management plan outlines the essential components for successful business operations. It begins with identifying both short-term and long-term goals, creating a robust business plan and mission statement, and developing effective strategies to achieve these objectives. The plan also addresses employee needs by detailing the skills and traits of ideal candidates, as well as human resource requirements and hiring processes. Furthermore, it emphasizes risk assessment and management, ensuring protection against potential threats. In summary, this guide serves as a roadmap for defining vision, employee requirements, and risk management strategies.
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A Management Plan Name, Instructor Entrepreneur Lecture Series
Vision • Identify Short-term and long-term goals • Create a business plan and mission statement • Develop strategies to attain goals • Explore exit plan options
Employees • List the skills and characteristics of an ideal employee • List human resource needs, hiring procedures, and compensation • Other options include contractors, freelancers, and outsourcing
Risks • Determine risks • Identify ways of protecting yourself and the business from risks • Explore various insurance • Implement a risk management program
Summary • Define your vision and goals • Determine employee needs • Assess risks and protection options
