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You may also find that your company needs additional management categories such as Research and Development.It is not necessary to have a different person in charge of each business management category you decide to use in your company; some key management people may fill more than one role.An Advisory Board of just two or three people can be a powerful management tool for a small business.
The basic business categories of Sales, Marketing, Administration, and Production work for many small businesses.
If your business has employees you will need Human Resources as well.
When writing the business plan, the Management Plan section describes your management team and staff and how your business ownership is structured.
People reading your business plan will be looking to see not only who's on your management team but how the skills of your management and staff will contribute to the bottom line.
Add to this the cost of Workers' Compensation Insurance (mandatory for most businesses) and the cost of any other employee benefits, such as company-sponsored medical and dental plans to calculate your total labor cost.
When you're writing about staff training in your business plan, you'll want to include as many specifics as possible. What ongoing training opportunities will you provide your employees?
While External Management Resources are often overlooked when writing a business plan, (and running a business), using these resources effectively can make the difference between management success and failure.
Think of External Management Resources as your internal management team's backup.
You can calculate the number of employees you will need by figuring out how many customers each employee can serve.
As an example, if it takes one employee to serve 150 customers, and you forecast 1500 customers in your first year, your business will need 10 employees.