application question.

chapter 9 management team and company

190 PART III Preparing a Business Plan 3. If you were one of the founders of Prime Adult Fitness, make a list of the activities that your 4-member general advisory board and your 10-member customer advisory board could help you with. 1 11 The 8-5, ture. This section of Pri COMPANY STRUCTURE you are This section focuses on how your company will be structured. Even if how it will be structured as it grows. It's important that the internal structure of a small firm, you should outline how the company is currently structured and are clear. Including a description of your company's structure also reassures the a company makes sense and that the lines of communication and accountability into a functioning firm. Company structure is a "nuts-and-bolts type of issue people who read the plan that you know how to translate your business idea that deals within the interworkings of a firm. It's exactly this type of issue, how- ever, that entrepreneurs must take seriously to develop smoothly functioning the lines of authority and accountability that will be in place is to include an The most effective way to illustrate how a company will be structured and organizational chart in the plan. An organizational chart is a graphic representa tion of how authority and responsibility are distributed within a company. 12 The organizational chart should be presented in a graphical format, similar to the manner in which Prime Adult Fitness's organizational chart is shown in its busi- ness plan in Figure 8-5. If you're unable to display your organizational chart in a graphical format, a narrative discussion of the key reporting relationships in your firms. CHAPTER 8 Management Team and Company Structures 187 Organizational Chart Prime Asian Finness Business Man Adult Filmes Organizational Chart president position, COO, program manager, Marg & Sale staff reports to CEO Jeremy Ryan as shown below Member Care & Relations are vice president positions. Each box the employees ce mike DU pen A SEN Then CEO Jeremy Ryan Finance and Accounting Elizabeth Sims tha pro- ricular achas pure, ald be Information Systems Vacant In the eking Struc 8-5. co Sarah Program Manager Jill Campbell Marketing and Sales Alex Jackson HR/Recruiting Vacant Member Care and Relatos Vacant Peterson u are Hand firm should be provided. Companies are generally organized along functional or geographical lines. If you're not familiar with these distinctions, you dould consult an organizational behavior or a principles of management text- moduct, are of bility Es the idea issue how- ning and e an Enta- The the dok so your organizational chart conforms to the norms your readers expect The organization chart needs to show what the business looks like today and dat it intends to become in the short-term or intermediate-term future. As a salt, there may be some unfilled boxes on the organizational chart, consistent with the "gaps in management personnel shown in the skill profile discussed curber. In all cases, you should provide a brief interpretation of the organiza- bonal chart and discuss the most signification relationships that are displayed. If your firm has more than one founder, you should comment on the spe cc role that each founder will take on as the firm moves forward. A frequent source of tension in new ventures, particularly if two or more founders start out is equals," is a failure to delineate the specific roles they will fill. The organi- tation chart is an effective tool for showing that the founders have worked out which of the "boxes" each will fill . Knowing that this issue has been resolved will be reassuring to the readers of your plan. pusi in a our 190 PART III Preparing a Business Plan 3. If you were one of the founders of Prime Adult Fitness, make a list of the activities that your 4-member general advisory board and your 10-member customer advisory board could help you with. 1 11 The 8-5, ture. This section of Pri COMPANY STRUCTURE you are This section focuses on how your company will be structured. Even if how it will be structured as it grows. It's important that the internal structure of a small firm, you should outline how the company is currently structured and are clear. Including a description of your company's structure also reassures the a company makes sense and that the lines of communication and accountability into a functioning firm. Company structure is a "nuts-and-bolts type of issue people who read the plan that you know how to translate your business idea that deals within the interworkings of a firm. It's exactly this type of issue, how- ever, that entrepreneurs must take seriously to develop smoothly functioning the lines of authority and accountability that will be in place is to include an The most effective way to illustrate how a company will be structured and organizational chart in the plan. An organizational chart is a graphic representa tion of how authority and responsibility are distributed within a company. 12 The organizational chart should be presented in a graphical format, similar to the manner in which Prime Adult Fitness's organizational chart is shown in its busi- ness plan in Figure 8-5. If you're unable to display your organizational chart in a graphical format, a narrative discussion of the key reporting relationships in your firms. CHAPTER 8 Management Team and Company Structures 187 Organizational Chart Prime Asian Finness Business Man Adult Filmes Organizational Chart president position, COO, program manager, Marg & Sale staff reports to CEO Jeremy Ryan as shown below Member Care & Relations are vice president positions. Each box the employees ce mike DU pen A SEN Then CEO Jeremy Ryan Finance and Accounting Elizabeth Sims tha pro- ricular achas pure, ald be Information Systems Vacant In the eking Struc 8-5. co Sarah Program Manager Jill Campbell Marketing and Sales Alex Jackson HR/Recruiting Vacant Member Care and Relatos Vacant Peterson u are Hand firm should be provided. Companies are generally organized along functional or geographical lines. If you're not familiar with these distinctions, you dould consult an organizational behavior or a principles of management text- moduct, are of bility Es the idea issue how- ning and e an Enta- The the dok so your organizational chart conforms to the norms your readers expect The organization chart needs to show what the business looks like today and dat it intends to become in the short-term or intermediate-term future. As a salt, there may be some unfilled boxes on the organizational chart, consistent with the "gaps in management personnel shown in the skill profile discussed curber. In all cases, you should provide a brief interpretation of the organiza- bonal chart and discuss the most signification relationships that are displayed. If your firm has more than one founder, you should comment on the spe cc role that each founder will take on as the firm moves forward. A frequent source of tension in new ventures, particularly if two or more founders start out is equals," is a failure to delineate the specific roles they will fill. The organi- tation chart is an effective tool for showing that the founders have worked out which of the "boxes" each will fill . Knowing that this issue has been resolved will be reassuring to the readers of your plan. pusi in a our