Module 12.8The Management Plan   Jim Beach & Chris Hanks
© School For Startups. All Rights Reserved.                                                                  Remember     ...
© School For Startups. All Rights Reserved.                                                                   5 Sections  ...
© School For Startups. All Rights Reserved.                                                 Remember                      ...
© School For Startups. All Rights Reserved.                                                         Management Team       ...
© School For Startups. All Rights Reserved.                                                    Management Team / Personnel...
© School For Startups. All Rights Reserved.                                                    Ownership & Compensation   ...
© School For Startups. All Rights Reserved.                                                     Common Mistakes to Avoid  ...
© School For Startups. All Rights Reserved.                                                            Board of Directors ...
© School For Startups. All Rights Reserved.                                                            Board of Advisors  ...
© School For Startups. All Rights Reserved.                                                            Other Professionals...
© School For Startups. All Rights Reserved.                                                           Other Professionals ...
© School For Startups. All Rights Reserved.                                                          Company Structure    ...
© School For Startups. All Rights Reserved.                                              THANKS!                          ...
Upcoming SlideShare
Loading in...5
×

Sfs12 8 management plan pdf

220

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
220
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Sfs12 8 management plan pdf

  1. 1. Module 12.8The Management Plan Jim Beach & Chris Hanks
  2. 2. © School For Startups. All Rights Reserved. Remember • “Business is about people first and everything else second. Good ideas never succeed on their own.” Slide 12.8-2
  3. 3. © School For Startups. All Rights Reserved. 5 Sections • Management Team • Board of Directors • Board of Advisors • Other Professionals • Company Structure Slide 12.8-3
  4. 4. © School For Startups. All Rights Reserved. Remember • The way you assemble your management team is an indication of the extent to which you are open to advice and you are able to generate enthusiasm for your company. • Clearly describe how your team will evolve Slide 12.8-4
  5. 5. © School For Startups. All Rights Reserved. Management Team • Management Team Personnel • Ownership & Compensation • Common Mistakes to Avoid Slide 12.8-5
  6. 6. © School For Startups. All Rights Reserved. Management Team / Personnel • Title & Position • Duties & responsibility of position • Previous industry and related experience • Previous Successes • Education Background Slide 12.8-6
  7. 7. © School For Startups. All Rights Reserved. Ownership & Compensation • Options Pool • “Skin in the game” Slide 12.8-7
  8. 8. © School For Startups. All Rights Reserved. Common Mistakes to Avoid • Friends & Family in key positions • Assuming previous success in other industries translates to success in this one • Presenting a “one man team” • Hiring top managers without sharing ownership • Not disclosing management team gaps • Vague or unclear plans for filling gaps Slide 12.8-8
  9. 9. © School For Startups. All Rights Reserved. Board of Directors • Elected by shareholders to oversee firm • Appoint the firm’s officers; declare dividends; and oversee the affairs of the corporation • Optimal size • Signaling Slide 12.8-9
  10. 10. © School For Startups. All Rights Reserved. Board of Advisors • No legal liability • 5-15 people • Multiple advisory boards Slide 12.8-10
  11. 11. © School For Startups. All Rights Reserved. Other Professionals • Attorneys • Bankers • Investors • Business consultants • Incubators Slide 12.8-11
  12. 12. © School For Startups. All Rights Reserved. Other Professionals • Substance isn’t as important as the fact that the relationship exists Slide 12.8-12
  13. 13. © School For Startups. All Rights Reserved. Company Structure • Organizational chart • Prevents tension among “equals” Slide 12.8-13
  14. 14. © School For Startups. All Rights Reserved. THANKS! Buy or Review!Next: Lesson 12-9 The Financial Plan Slide 12.8-14
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×