Business Management Plan Holland MI

Do you know the management team section? Do you know it works?This article will tell you all.

Radiant Design Llc
(616) 355-9950
152 E 6th St
Holland, MI

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(517) 507-0404
2122 Edwin Pl
Lansing, MI
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Daily 24hrs

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Bee Tree Consulting Ltd
(734) 426-8439
433 Bee Tree Ln
Dexter, MI

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Tongxin International Ltd
(248) 593-8330
199 Pierce St Ste 202
Birmingham, MI

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OZ Management Services, Inc.
(616) 682-0369
8303 Baileau Oaks, NE
Ada, MI
 
Business Strategy Inc
(616) 261-2200
944 52nd Street Southeast
Grand Rapids, MI
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Business Consultants and Advisors, Management Consultants, Marketing and Public Relations, Computer Systems Consultants and Designers, Market Research Consultants

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Rochester Small Business Consulting
(313) 300-0806
753 Ludlow Ave.
Rochester, MI
 
Prymus Consulting
(248) 614-9001
1701 W Big Beaver Rd
Troy, MI

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A & M Sales Management Consulting
(517) 672-6371
4101 Merriman Loop - Suite 100
Howell, MI
 
PolyArk Management Consulting
(248) 694-4414
330 E. Maple Rd, STE # 141
Birmingham, MI
 
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Business Management Plan

The Management Team section should include biographies of key team members and detail their responsibilities. It is important that these biographies are not merely resumes that include the educational backgrounds and previous job titles and responsibilities of the team members. Rather, biographies should highlight the most relevant past positions that the individuals have held and specific successes in each. These successes could include launching and growing new businesses or managing divisions of established companies.

Team member biographies should be tailored to the company's growth stage. For instance, a start-up company should emphasize its management's success launching and growing companies. A more mature company should emphasize how team members have successfully operated within the framework of larger enterprises.

Depending upon the stage of the company, key functional areas may be missing from the team. This is acceptable provided that the plan clearly defines the roles that these individuals will play and identifies the key characteristics of the individuals that will be hired. However, it is generally not favorable if personnel are missing for ultra-critical roles. For example, a plan that is fundamentally a marketing play should not seek financing without a stellar marketing team.

The Management Team section should also include biographies of the company's Advisory Board and/or Board of Directors. While having well-known advisors/board members adds credibility to the business plan, it is highly effective to explain how these advisors will directly impact the company through strategic advice and/or providing conduits to key clients, partners, suppliers, etc.

In summary, the Management Team section of the business plan is an opportunity to prove to investors that your company has the necessary talent to succeed. Rather than waste this opportunity by merely showing employee resumes, which could be included in the Appendix, the section should be used to explain precisely how the team is uniquely qualified to execute the venture in its present state.

About the Author:

As President of Growthink, Dave Lavinsky has helped the company become one of the premier business plan development firms. Since its inception, Growthink has developed over 200 business plans. Growthink clients have collectively raised over $750 million in financing, launched numerous new product and service lines and gained competitive advantage and market share. For more information please visit http://www.growthink.com.

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