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This is arguably the most important partly of the business plan.
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What is the personnel section of a business plan?
The Personnel Section of a Business Plan Explained. One of the key sections of a Business Plan is the section that describes the plan to grow or scale the business. This often involves hiring staff and staff often represent the single largest ongoing expense that a company will have.
How to list key personnel in your business plan?
Remember that you need only list the key players. Additionally, if you have multiple vice presidents, clearly differentiate their positions and responsibilities.
What should be included in a business plan?
The section of the business plan that features your management team will typically comprise the biographies of your key personnel, including your board of directors, officers, and key advisors. Bios should be concise and focus on what each member of the team brings to the business. Include: Title of the position the individual will hold.
Who are the key management personnel in a company?
Definition: Key management personnel are employees who have the authority to directly or indirectly plan and control business operations. The term key management personnel is a relative term dealing with specific operations. Top business management usually includes the CEO, CFO, COO, as well as a number of Vice presidents depending on the company.
Last Update: Oct 2021
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