Business Plan Resource Support

Section VIII: Management Team

This section of the business plan includes a description of the functions that will need to be filled, a description of the key management personnel and their primary duties, an outline of the organizational structure for the venture, a description of the board of directors and key advisors, a description of the ownership position of any other investors, and so forth. You need to present indications of commitment, such as the willingness of team members to initially accept modest salaries, and of the existence of the proper balance of technical, managerial, and business skills and experience in doing what is proposed. (Nuts & Bolts of Great Business Plans)

Internet Resources

Build your Management Team
Article from Entrepreneur.com site focusing on tips in picking the right management team

Creating a Management Team
Entrepreneur.com article on picking a management team that focuses on investor’s perceptions

Finding Your Dream Team
Hints on selecting an ideal management team

Databases

In addition, searching the Oklahoma State University Library databases using keywords “business plan AND management team” may give you some insight as you prepare this section. To narrow your results add your concept or product in an empty search box:

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College Info

Warrington College of Business Administration
100 BRY
PO Box 117150
Gainesville, FL 32611-7150
Phone: 352.392.2397
Fax: 352.392.2086

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