Management and Organization

Who will be in charge of managing the business on a day-to-day basis? What is the experience of the person managing the business? What special or distinctive skills? What would happen if this person left or became incapacitated? Is there a plan in place?

If you’ll plan to employ more than 10 employees, add an organizational chart showing the management hierarchy and who is responsible for key functions.

Include the position description for each key employee. If you are plan to get a loan or find an investor, include resumes of owners and key employees.

Professional and Advisory Support
List the following:

• Board of directors
• Management advisory board
• Attorney
• Accountant
• Insurance agent
• Banker
• Consultant or consultants
• Mentors and key advisors
  

Personal Financial Statement

Each owner and/or major stockholder has a financial interest in the business. Include their personal financial statements, showing assets and liabilities held outside the business and their personal net worth. It’s common for owners to draw on their own personal assets to finance the business, and these statements will show what is available to sustain the business. Bankers and investors will want to see this information as well.

 

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