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For larger companies, an organizational plan with well-thought-out procedures is even more important.
This section will spell out the compensation for management team members, such as salary, benefits and any profit-sharing you might be offering.
If any of the team will be under contract or bound by non-compete agreements, you would mention that here, as well.
Detail his or her education, and any unique skills or experience, especially if they’re relevant to the job at hand.
Mention previous employment and any industry awards or recognition related to it, along with involvement with charities or other non-profit organizations.
This section of your business plan, Organization and Management, is where you’ll explain exactly how you’re set up to make your ideas happen, plus you’ll introduce the players on your team. If this is a plan for your internal use, you can be a little more general than if you’ll be presenting it to a potential lender or investor.
Organizational Chart Business Plan
No matter what its purpose, you’ll want to break this section into two segments: one describing the way you’ve set up the company to run (its organizational structure), and the other introducing the people involved (its management).Now that we understand the structure of your business, we need to meet the people who’ll be running it. This section is important even for a single practitioner or sole proprietorship, as it will introduce you and your qualifications to the readers of your plan.Start at the top with the legal structure and ownership of the business.If you are incorporated, say so, and detail whether you are a C or S corporation.If you haven’t yet incorporated, make sure to discuss this with your attorney and tax advisor to figure out which way to go.If your company will have a Board of Directors, its members also need to be listed in the business plan.Introduce each person by name and the position they’ll hold on the board.Here’s where you’ll list the names and profiles of your management team, along with what their responsibilities are.Especially if you’re looking for funding, make sure to highlight the proven track record of these key employees.If the business will use outside consultants, freelancers, or independent contractors, mention it here as well.And talk about positions you’d want to add in the future if you’re successful enough to expand.