Homework 6
Labor Force
What is the state of the labor pool?
Staffing Plan
1. Current employees.
Number, level of experience, education, and training.
Compensation and benefit plan.
Labor relations issues.
If nonunion, union avoidance strategy.
2. Proposed hires.
When will you add personnel?
Identify positions in order of priority.
Where will you find these employees-local, regional, etc.?
Training programs.
Compensation and benefit plan.
Labor relations issues.
Identification of Key People
1. Include the resumes of the officers, the key directors, and anyone with 20% or
more interest in the business in an appendix. Reference their location in this
section of the plan. Provide summary information here.
Emphasize job experience relevant to this venture.
2. Show the strength of the team and the variety of its members’ skills.
3. How will you retain these people?
Contracts.
Compensation plan and perks.
Ownership.
4. Identify your board of directors, providing the same information as for your key
officers.
Training
1. What kinds of employee training will you provide?
2. Training costs/budget.
Time frame Training content Training method Location
Succession Plan/Exit Strategy
1. Who succeeds each of your key officers?
2. Do you have key employee insurance? With whom? Detail the coverage.
Management Philosophy
1. What is your management philosophy?
What are the company’s responsibilities to employees?
What are the company’s responsibilities to the community?
What are the company’s responsibilities to the environment?
2. How will decisions be made? How will you keep the entrepreneurial focus as your
company grows?
Business Organization/Structure
1. Provide a complete organizational chart in an appendix, but reference it here.
Name of the individual.
Title of position.
Age of individual.
2. Form of ownership.
Sole proprietorship.
S-corporation.
Partnership.
3. Charter or licensing issues.
Where is the corporation chartered?
If licensing is required, where is the business licensed to do business?
Identification of Firms Assisting the Company
Name the following:
Accountant.
Attorney.
Banker.
Insurance company/agent.
Advertising agency.

Preview text:

Homework 6 Labor Force
 What is the state of the labor pool? Staffing Plan 1. Current employees.
 Number, level of experience, education, and training.
 Compensation and benefit plan.  Labor relations issues.  What union representation?
 If nonunion, union avoidance strategy. 2. Proposed hires.
 When will you add personnel?
 Identify positions in order of priority.
 Where will you find these employees-local, regional, etc.?  Training programs.
 Compensation and benefit plan.  Labor relations issues.
Identification of Key People
1. Include the resumes of the officers, the key directors, and anyone with 20% or
more interest in the business in an appendix. Reference their location in this
section of the plan. Provide summary information here.
Emphasize job experience relevant to this venture.
2. Show the strength of the team and the variety of its members’ skills.
3. How will you retain these people?  Contracts.  Compensation plan and perks.  Ownership.
4. Identify your board of directors, providing the same information as for your key officers. Training
1. What kinds of employee training will you provide? 2. Training costs/budget. Time frame Training content Training method Location
Succession Plan/Exit Strategy
1. Who succeeds each of your key officers?
2. Do you have key employee insurance? With whom? Detail the coverage. Management Philosophy
1. What is your management philosophy?
What are the company’s responsibilities to employees?
What are the company’s responsibilities to the community?
What are the company’s responsibilities to the environment?
2. How will decisions be made? How will you keep the entrepreneurial focus as your company grows?
Business Organization/Structure
1. Provide a complete organizational chart in an appendix, but reference it here.  Name of the individual.  Title of position.  Age of individual. 2. Form of ownership.  Sole proprietorship.  S-corporation.  Partnership.
3. Charter or licensing issues.
 Where is the corporation chartered?
 If licensing is required, where is the business licensed to do business?
Identification of Firms Assisting the Company Name the following:  Accountant.  Attorney.  Banker.  Insurance company/agent.  Advertising agency.