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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

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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