Writing Your Business Plan, Step 8: Management and Organization

May 19, 2009 at 6:00 am Leave a comment

courtesy of Laurel McConnell Photography

Today, we’ll be discussing the management of your operations.  Who runs your business?  Who manages the daily ins and outs?  Chances are, as a small business owner, you are also the manager of your operations.  (You are probably also the janitor, the file clerk, the secretary, the receptionist, and the coffee gopher.)

Management

Talk about your history:

  • What experience do you bring to the business?
  • What makes you unique to run a business?
  • What is your job history?
  • What sort of leadership and/or management roles have you held?

If you are fortunate enough to have grown your business to the point that someone else manages daily operations, describe the management structure within your organization.  Provide an organizational chart.

Succession Plan

If the worst were to happen…

  • What happens if the manager of your operations is incapacitated?
  • Do you have a contingency plan in place?
  • Do you have a succession plan?

Professional and Advisory Support

SCORE (SBA small business counselors) recommends listing the following advisors of your organization if you have them.  (If you do not, you may consider hiring some of these experts.)

  • Board of directors and management advisory board
  • Attorney
  • Accountant
  • Insurance agent
  • Banker
  • Consultants
  • Mentors and key advisors

Next step

In the last 2 steps, you’ve laid the groundwork for your operations.  Over the next few days, we’ll be working on financial information of our businesses, so fire up your calculator!

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Entry filed under: 13 Step Business Plan, Plan It, Strategy.

Writing Your Business Plan, Step 7: Operational Plan Why Small Businesses Fail

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