Are you writing a business plan biography? The biographical component of the business plan is a very important piece. Investors and potential lenders are invariably going to be very interested in who is running the venture, so they will pay close attention to this latter part of the business plan. The biographical component is usually a summarized version of your resume, and there should be one summary for every team member's CV. Important elements to cover in the biography:
• Educational background (institutions, degrees, etc.)
• Past work experience relevant to the venture
• Positions held at C-level, if any
• Certifications or training if applicable
The biography should also be accompanied by a personnel plan that shows who you will need to hire during the period of business operations modeled in your plan's pro forma model. This should show wages, hiring timelines, and cost of living increases by position. Remember also that you should disclose management team gaps and list any positions you'd like the investors joining you to recruit. Want help putting together the personnel plan or building out the pro forma? Call MasterPlans today to learn how our consultants can advise you about the biography section or the rest of the plan. Call 877-453-2011 today!
