Management and Organization
Who will manage the business on a day-to-day basis? What
experience does that person bring to the business? What special or
distinctive competencies? Is there a plan for continuation of the business
if this person is lost or incapacitated?
If you’ll have more than 10 employees, create an
organizational chart showing the management hierarchy and who is responsible
for key functions.
Include position descriptions for key employees. If you are
seeking loans or investors, include resumes of owners and key employees.
Professional and Advisory Support
List the following:
• Board of directors
• Management advisory board
• Insurance agent
• Consultant or consultants
• Mentors and key advisors
Personal Financial Statement
personal financial statements for each owner
and major stockholder, showing assets and liabilities held outside the
business and personal net worth. Owners will often have to draw on personal
assets to finance the business, and these statements will show what is
available. Bankers and investors usually want this information as well.