A list of well-known, successful business owners/managers can go a long way toward enhancing your company’s credibility and perception of management expertise.
Without you, the owner, the business wouldn’t exist.
As the sole business owner, you take on all the responsibility, the liabilities and the risks.
In the narrative you detail the responsibilities of each person.
You should include: List all the other employees of the company, the positions they hold and their responsibility.
This section of your Business Plan should include the following: your company’s organizational structure, details about the ownership of your company, profiles of your management team, and the qualifications of your board of directors.
Individuals reading your business plan will want to see answers to important questions including who does what in your business, what their backgrounds are, why you are bringing them into the business as board members or employees, and what they are responsible for.Each person contributes something to the business – whether it’s money, labor, skill, or property.In turn, the partners share the profits along the lines of the investment input.If you are putting together a business plan for a small business, this step may seem unnecessary, but it’s important to show that you’ve carefully thought out the business and know who’s in charge.One of the best ways to demonstrate your company’s structure is by selecting a business structure, and creating an organization chart to accompany it.A detailed description of each division or department and its function should be outlined.This section should include who’s on the board (if you have an advisory board) and how you intend to keep them there. Reassure your reader that the people you have on staff are more than just names on a letterhead.To a potential investor or employee, that information is very important. Or perhaps you have formed a partnership with someone. If you’re just starting out, show how each person’s unique experience will contribute to the success of your venture.This section should also include the legal structure of your business along with the subsequent ownership information it relates to. The major benefit of an unpaid advisory board is that it can provide expertise that your company cannot otherwise afford. Smitzhe was National Manager with NCS Health Care, Inc., a world class provider of integrated healthcare solutions, providing real-time communications between long-term care institutions, including skilled nursing facilities and assisted living facilities.He developed and maintained PC-based programs for the long-term care industry, medical services and testing, home heating fuel oil, water treatment, ambulance services, shipping and postal service, law firms, plumbing and heating supply companies, and real estate tracking systems. Smitzhe created the medical records and MDS 2.0 modules for OBRA e-z, and will lead the conversion of OBRA e-z to the Windows environment and integration of the Enterprise Software Solution package.