In this step of the Plan-for-Planning process, you focus on the development of the organizational chart.
The sixth chapter in the business plan is the organization section (i.e. who is going to do it). It should contain the Organization chart for the company, as well as manpower tables by function. A sample overview is:
Board of Directors
President – CEO
Chief Operating Officer – COO
Finance & Accounting
Marketing & Sales
Research & Development
Manpower tables for each function should be included after the organization chart.
Explanations for any manpower growth over the business plan period should also accompany each table. If there is a specific manpower strategy, that should be referred to in this section.
Total salary expenses for the company for each year of the business plan, should be highlighted in this section, as well. Likewise, if there is a profit sharing/bonus consideration that should be discussed in this section, too.
Anyone reviewing the Organization section will have a clear picture of the total compensation expense of the company for each year of the business plan, along with explanations.
There you have it. It doesn’t get any easier than this.