Business Plans

This section gives you the opportunity to explain how the company will function, along with a description of the company’s management and personnel team. After reading this section, the reader should have a good understanding of how the company will be run, who will run the company, how many employees the company will have and how much those employees are paid.

This section also gives you the opportunity to lay down the foundation of how the company will actually function. As you write this section, you’ll be creating a simplistic version of how the company will function day-to-day, which is an important first step in truly organizing the inner workings of the company.

Your Business Plan Writing Assignment:

Write a few sentences that answers each of the following questions:

1. Explain in general terms how the company will function. For example, if the company is manufacturing its own products and then selling the products through a distribution chain, describe this cycle step-by-step.
2. List all of the company’s suppliers for sourcing products, or suppliers that will provide the raw material if you’re manufacturing your products.
3. List all of the necessary employees and describe their function. Discuss the monthly salary allocation for each employee and include an additional 30% for benefits and overhead, including yourself. You’ll need these numbers for the Financial section.
4. List the owners and provide a short (one paragraph) bio for each one that describes their background and what skills they bring to the company. This is a good place to ask yourself whether the owners have adequate experience to successfully run the business.
5. List the company’s advisors (an Advisory Group is always a good thing to have) along with the company’s accountant, attorney and bank.
6. List the company’s suppliers and discuss briefly their general payment terms and delivery timeframes.

 
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