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Think of this section as a resume-in-a-nutshell, recapping the highlights and achievements of the people you’ve chosen to surround yourself with.
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.
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).
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.
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.Having a solid plan for how your business will run is a key component of its smooth and successful operation.Of course, you need to surround yourself with good people, but you have to set things up to enable them to work well with each other and on their own.As the creator of Master Link, a software scheduling program designed specifically for the long-term care industry, Betty has gained a thorough working knowledge of the needs of the health care professional both as a user and a developer. Smitzhe was co-founder and vice president of marketing and clinical services for Spectrum Health Services, Inc.in Tampa, Florida, and for the past three years, she has been the RN Consultant for OBRA e-z providing customer training and operational support.If you’re applying for funding to start a business or expand one, you may not even have employees to fit all the roles in the organization.However, you can still list them in your plan for how the company will ideally operate once you have the ability to do so.Whether you’re in a partnership or are a sole owner, this is where to mention it.List the names of the owners of the business, what percent of the company each of them owns, the form of ownership (common or preferred stock, general or limited partner), and what kind of involvement they’ll have with day-to-day operations; for example, if they’re an active or silent partner.For larger companies, an organizational plan with well-thought-out procedures is even more important.This is the best way to make sure you’re not wasting time duplicating efforts or dealing with internal confusion about responsibilities.