Business Plan Model – Management Team
This section is the second in which investors are usually set after the executive summary, want to know if the management team is Capable of carrying out the business: “I invest in people, NOT ideas.” A strong management team must have a common vision and complementary skills.
Management team should contain:
- Members of the management team with your profile: education, experience, success in the workplace.
- Experience or skills of the management team necessary to carry out the project: what skills / experiences have team members that make possible the implementation and management of new business. How does your profile with the changing business needs.
- Capacities missing: detailing how and by whom they think meet.
- Mission / objectives of the management team to fit the business: what is their true motivation.
What investors are looking
- The management team has worked together before? – Do you have significant work experience prior? Founders Are aware of their weaknesses and will be able to address them?
- Are the founders clear their future roles? Are they clear the% of capital?
- Are they full time in the future project?
- Are all members a common goal, or are there discrepancies?
Organization chart
- Description of main functions, people, responsibilities … What is necessary to assign the responsibilities of each team member and what is the system of delegation that is established.
- The organizational design must allow for the flexibility of the organization, adaptable to new circumstances and high growth.