Sample Business Plan Template Page 3
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Describe management team
List key members and their roles
Identify the strengths and weaknesses of your management team
Ex.) John Smith – herd manager
Strengths – 25 years experience managing
large herds
Weakness – Could be ready to retire in next 5
years
Describe any gaps or weaknesses in management
Ex.) Need to have a succession plan in place in anticipation
of herd manager retirement
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Describe labor pool
Do you employ full time salaried employees, hourly employees,
migrant labor, etc?
Business Influences
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What do you view as the most important internal and external influences
on your business right now?
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Ex.) The housing market continues on a downward trend, and this has a
direct affect on the prices I get for lumber
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Ex.) Volatile milk prices mean that I may show little or no profitability next
year
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Ex.) I am part of a family business, and my parents are ready to transition
into retirement
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Ex.) I board horses, and 2 new boarding barns were just constructed
within 50 miles of my operation
Future Plans
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Describe your long-term strategy for your business. Where do you see
your business going in the future?
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How will you best capitalize on the strengths and opportunities for your
business?
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How will you mitigate the threats and weaknesses in your business?
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Do you have plans to grow the business?
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What are your future management or ownership plans?
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