Do you have questions about the leadership part on business plan? In other words, how can you be sure that an investor or lender will have the right “take away†from your business plan's description of the team and how it will lead? There's no right answer, but there are definitely some techniques you can use to position you plan – and your team – for success. Remember that in many cases, an investor wants to see that you have the right people in place OR the willingness to allow them to install people if you don't. If you're defensive about the group you have in place, here are some ways to make sure it stays intact:
• Show industry-specific expertise for each member
• Make sure people have past business experience
• Identify any consultants or advisors who can help you
• If there is a board, provide full bios
• If helpful, consider showing complete CVs in the appendix
If you're not as resolute in having the team be just as you've made it, you can open up the question of leadership by acknowledging your management team gaps. A common section of a full business plan, the management team gaps part is generally a paragraph stating the positions that are open to be filled and the approximate timeline on which you might look to recruit people. Often backers can use this as a shorthand method to determine what their role might be in active management. Have more questions about leadership or the role it ought to play in your document? Call MasterPlans today at 877-453-2011.
