HomeResourcesArticles&NewsInteractiveLinksAbout UsContact Us
 Home > Interactive Content > SMB Strategy Cast

Friday, December 23, 2005

SMB Strategy Cast #11 - Organization Plan in Business Plan

  • Friday, December 23, 2005

  • Podcast Description – Cover business strategy topics that pertain to startup, small business and medium business.

  • In this episode we are going to cover the Organization Plan in the business plan.

  • Download the UPDATED Business Plan Outline.
Items in Org Plan
  • How corporation will be organized:
    o Type - S-corp, c-corp, partnership, LLC, etc.
    o Ownership – Owners and % (or shares) of ownership
    o Board – who will be in the board of directors

  • Personnel & Responsibilities
    o Org Chart – Don’t go below director level, unless key to business.
    o 1 paragraph on each person filling a role
    o Or, If the position is open include a paragraph on the characteristics you are looking for in someone to fill the role.
    o Put resumes in the appendix

  • How does this compare to what was included in the Description of venture?
    o There will be some replication, because the key people introduced in Description of Venture should also be in this section
    o They may be serving a role in the org chart, on the board, an owner, or all of the above.

  • Distribution Example
    o 2 Guys set up a public warehouse company in the mid-west, the majority partner has contacts and money, the minority partner will run day-to-day operations of the business.
    o Set up an LLC with Majority holding 70% of stock, 30% to minority partner. Legal address also included
    o Board members are these two plus a finance person that they bring in, who will also help setup accounting department, accounting system, and hire independent accountant. Positions on Board (chairman, Secretary, Treasurer, etc.)
    o Org Chart –
    • Minority owner as President/COO, Majority Owner is VP of Sales.

    • Show at least highest level in each operational area. Overall chart should not be more than 3 deep. In this example they will hire a BookKeeper as highest accounting level.

  • Podsafe Music at beginning at end of show was Charlie Crowe “Vegas Hard Rock Shuffle” (Charlie Crowe's Web Site). Link to Charlie Crowe on the Podsafe Music Network or listen to other music on the Podsafe Music Network at music.podshow.com.

  • Email business plan questions and general questions and comments to – podcast@bizplanhelp.com

  • If you need help writing a business plan sendme an email at – info@eaglestrategygroup.com

  • Click here to vote for this Podcast at Podcast Alley

  • Download this Episode

No comments: