Business plans describe the scope and nature of a new small business, including marketing, financial management, and the business description. This page describes management considerations and personnel issues to take into account as you write your business plan. Managing a business requires more than just the desire to be your own boss. It demands dedication, persistence, the ability to make decisions business plan personnel the ability to manage both employees and finances.
Your management plan, along with your marketing and financial management plans, sets the foundation for and facilitates the success of your business. You will soon discover that employees and staff will play an important role in the total operation of your business. Consequently, it’s imperative that you know what skills you possess and those you lack since you will have to hire personnel to supply the skills that you lack. Additionally, it is imperative that you know how to manage and treat your employees. Make them a part of the team. Keep them informed of, and get their feedback regarding, changes.
Employees oftentimes have excellent ideas that can lead to new market areas, innovations to existing products or services or new product lines or services which can improve your overall competitiveness. What are your weaknesses and how can you compensate for them? Who will be on the management team? If a franchise, what type of assistance can you expect from the franchiser? What are your current personnel needs? What are your plans for hiring and training personnel?
What salaries, benefits, vacations, holidays will you offer? HIS CPA helps Atlanta and Gwinnett county small businesses develop strategic business management plans. We would be happy to sit down with you and discuss your business planning needs. CP Blogs do not necessarily reflect the views of The Christian Post. 2019 The Christian Post , INC. Terms under which this service is provided to you. Writing of business plan image by Vasyl Dudenko from Fotolia.