Lim Sei cK

 Foods & Beverages  Garage sales  Car wash services  Futsal tournament  Treasure hunt  Bowling tournament  Dodgeball competition  PS3 Game tournament  Rugby competition

 1. Your group  2. Your ideas  3. Name of your business?  4. Your business objective(s)  5. Products/ services offered

 Plans are put in place to motivate employees and rally the company around a goal or small set of goals.  Planning also helps the management team efficiently organize tasks and projects, organize resources, manage employees and designate tasks.  Planning gives direction to a company.

@Shape through ideas

 Following the Company Description is the Organization and Management section.  You must show that you are organized and ready to do business.  It is important for the entrepreneurs as well as for the investors.

 The management component of your plan is designed to describe how the business functions on a continuing basis.  The operations plan highlights the logistics of the organization, such as the responsibilities of the management team, the tasks assigned to each division within the company, and capital and expense requirements related to the operations of the business.

 Map out the structure of your business.  Provide a brief description of each position within your business, from manager to clerk, and indicate who holds that position.  If you do not have a staff yet, but intend to hire one, then describe the staff positions you desire to fill.

 You need to provide information about the distribution of ownership of the company.  First, identify your business entity. Is the business a sole proprietorship, a partnership and limited liability corporation?  Name each owner in the business, their percentage of ownership and the form of ownership they have (stock holder, partner, etc.).

 While you may have a number of people on staff, you only need to provide more detailed information on two main groups:  the owners/managers of the company, and  the Board of Directors (if you have one).

 For the owners/managers, in addition to their name, provide the following information: Description of position held and the responsibilities and authority of that position Education, skills and achievements Employment history Community involvement Amount of time with the company and compensation How that person contributes to the success of the company

 For the Board of Directors, provide the following: Name and position How he/she is involved with the business, outside of board meetings Background information (education, experience, etc.) Contributions to the company – past, present and future

 While simply obtaining a resume from each owner, manager and board member will suffice, you will need to contain these resumes to the Appendix section and use the Organization and Management section to summarize the important points covered above.

 Organizational chart  Details of senior management  Staffing requirements  Key personnel  Recruitment and selection  Rewards (financial & non-financial)  Employment and related costs

 TOPIC: Our business idea(s)  You are only required to include all the key points that we have already discussed in the class.