NUTS AND BOLTS OF GREAT BUSINESS PLANS-2016.pdf

E capacity levels and inventory management discuss

Info icon This preview shows pages 19–21. Sign up to view the full content.

View Full Document Right Arrow Icon
E. Capacity Levels and Inventory Management Discuss your capacity (total volume that you can handle in a day or week). Explain your approach to managing inventory levels of key products. If applicable, provide a summary that shows, for a given anticipated level of volume, total requirements in terms of material, labor, purchased components, and overhead, and that describes the inventory level required at this sales level. F. Logistics For businesses involving products, describe how you will handle shipping to middlemen or customers, in- transit storage or warehousing, and product returns. G. Legal Issues Affecting Operations: Describe any particular legal issues affecting your operations. As examples, in a food service operation, certain permits and venting are required; in a production operation with outsourced production, there are legal issues governing the outsourcing agreement; when selling through a manufacturers rep or a retail channel there are legal issues affecting the distribution agreement; when setting up a franchise system there are legal issues tied to the franchising agreement; when selling something on a university campus there are legal constraints in operating on the campus; when operating in certain countries there may be some legal
Image of page 19

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
IMAGINE > BELIEVE > CREATE 19 or regulatory issues that require attention, and so forth. Note that legal issues affecting intellectual property are handled in the ‘Design and Development’ section. SECTION VIII: MANAGEMENT TEAM This section of the business plan includes a description of the management 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. A. Organization: Provide a simple organizational chart for the venture. Present the key management roles that must be filled in the company. If it is not possible to fill each executive role with a full-time person without adding excessive overhead, indicate how these functions will be performed (e.g., using part-time specialists or consultants to perform some functions), who will perform them, and when they will be replaced by a full-time staff member. If any key individuals will not be on board at the start, indicate when they will join the company. Discuss any current or past situations where key management people have worked together that could indicate how their skills complement each other and result in an effective management team.
Image of page 20
Image of page 21
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern