Friday, December 9, 2011

ENT640 Management Section of the Business Plan Overview

What should be included in your management section?

In the management section the experience of your management team should be highlighted. If you are asking for money from a lender to start a retail business and no one has any experience in the area then what is the likely hood that the lender is going to give the loan. However, if you spell out in detail that your team has these qualifications for this type of business then it becomes a plus.
This section should also go into great detail as to what type of business structure and how the decisions will be made. Again the lender or investor wants a return on their money. The business must be sound; no one is going to invest in a chaotic structure. Also include the chain of command and how the pay structure is set up.

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