Management is the most critical aspect of the plan. The reader must have confidence in your management team and its ability to implement this plan. Do not be modest, but, at the same time, do not be boastful. Management is the most critical aspect of the plan.The reader must have confidence in your management team and its ability to implement this plan. Do not be modest, but, at the same time, do not be boastful.

Points to cover are:

1. Key Personnel

Key management personnel and their duties and responsibilities. Resumes should be included in the supporting documents to show management has experience and skills needed to manage the company. Emphasize past successes and current role in the business.

2. Management Team

Discuss how the management team’s education, training and/or experience will help the company succeed .

3. Reporting Relationships

Organization chart, salary structure and ownership share.

4. Directors and Advisors

Board of Directors and outside advisory services.

5. Staffing Plan

Discuss management needed in the organization, how you will fill key slots, hiring plans and the date positions will be filled.

6. Business Organization

Form of business organization.

7. Ownership

Names of stockholders and shares owned.

8. Management Duties

Discuss the managers or private firms who will handle the management duties. Include internal control systems for accounting, inventory and managementinformation reporting systems.

9. Other Investment

Amount of money invested by owners.

10. Management’s Competitive Advantage

Unique competitive advantage from management experience or skills.