How to write the legal structure in a business plan - Cleaning Business Plan

You may also find that your company needs additional management categories such as Research and Development.

Identify the key management people in your business and explain what functions each team member will fill. This is your management team outline.

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You may wish to present this as an organizational chart in your business planalthough list format is fine. Follow this with an explanation of how your management team will be compensated. What salary and benefits will management team members have?

Describe any profit-sharing plans that may apply. If there are any contracts that relate directly to your management team members, such as work contracts or non-competition agreementsyou should include them in an Appendix to your business plan.

External Management Resources While External Management Resources are often overlooked when writing a business planand running a businessusing these resources effectively can make the difference between management success and failure.

Think of External Management Resources as your internal management team's backup. By pooling resources together you may have more capital.

You will be bringing several sets of skills to the business, and if you get ill the business can still carry on. The biggest disadvantage is if your partner makes a business mistake. This could perhaps be by your partner signing a disastrous contract without your knowledge or consent.

Every member of the partnership must shoulder the consequences equally. Under these circumstances your personal assets could be taken in order to pay the creditors - even though the mistake was by no fault of your own.

Limited Liability Companies As the name suggests, in this form of business your liability is limited to the amount you contribute by way of share capital. A Limited Liability Company is a separate legal entity, distinct from both its shareholders, directors and managers.

The liability of the shareholders is limited to the amount paid or unpaid on issued share capital. If your business has more than one location, be sure to describe each one.

How to Write the Management Team Section of a Business Plan | thirdthursday.co.za

Also discuss the major fixtures and equipment your business requires and how they integrate with your space. Note whether jetblue case study solutions are likely to outgrow the space, and if so, how you plan to handle a move or expansion.

Supply and Inventory Management If you sell a product, the inputs that go into making it will be your supplies and the final product will be your inventory. Who will your suppliers be?

Creating a Business Plan - FindLaw

Do you have multiple options available, or are you beholden to a single supplier, which may subject you to shortages and give you little bargaining power with regard to price and delivery schedule? What terms have you established with your suppliers? For qub thesis submission dates, do you pay cash on delivery, or do you have 10 days or even 30 days to pay?

Do you get a discount for early payment? What kind of reputation do your suppliers have? Will they extend credit to your business, and if so, how much and on what conditions?

Can you return unused supplies and if so, within what timeframe?

What percentage of the purchase price will be refunded? It's also important to explain how you will manage your inventory. Having good relationships with your suppliers can help you manage your inventory effectively. If you operate a service business, your workers are your supply.

Have you hired essay why you learn english contractors to meet the demand for your cleaning service? How do you check out their credentials and backgrounds to ensure that your customers receive a high quality work product and that your cleaners do not assault them or steal from them?

Do you pay higher rates at times of higher demand to entice more contractors to work for you?

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Describe each major stage, including any processes that are outsourced and the technologies you use, remembering that you are writing for someone who may not understand the acronyms single parent research paper terms of art common in your industry.

Detail what you will produce, how much of it you will produce and how long it takes to produce each unit.

In the case of a grocery store, you may not be producing anything unless you cook things in storebut you will certainly be distributing them. The same is true simple definition essay a cleaning service — how will you match up homeowners who want their houses cleaned and landlords and tenants who want their apartments cleaned with your pool of workers?

How will you match workers by level of skill and experience and distance from the client with the jobs you send them on?