While there are numerous sections in any business plan, one of the most important is the business plan management team section. The reason this section is so important in particular is that it helps introduce your experience and background to investors or lenders. While it is true that how you interact with your lender or investor will go a long way toward their decision regarding whether they want to fund you or not, neither are going to write any checks unless they are completely certain you are capable of launching and operating a profitable business. So with that in mind, here is what your management should, and should not, include:
• Detailed information about your background
• Biographical data about any of your key management members or advisors
• Descriptions of the positions you intend to hire for
• Basic personnel figures and your company structure
While the impression a lender or investor has of you during a meeting is important, first – and even second – impressions are not always fair. That is why it is a good idea to spend a sufficient amount of time clearly articulating your background and the specific experience you have, which will help you lead the business. Describing the positions you intend to hire for will also make it clear that you intend to hire help and that you are knowledgeable that a business cannot survive with but one executive. Want more help crafting your business plan management team section? MasterPlans can help. The industry leader in business plan writing, we can write the plan you need to get your start-up off the ground. Call us at 877-453-2011 for a free consultation.
