Business Lesson Plan / Business Planning Tool

MANAGEMENT QUALIFICATIONS

Our free business lesson plan tool provides a complete business planning course for aspiring leaders. In the following information, you'll learn the importance of the Management Qualifications section of a business plan.

"Good fortune is what happens when opportunity meets with planning.”

Most business professionals agree that one of the key reasons for the success of any organization is the leadership and expertise of higher management. As a result, those who will be reviewing your business lesson plan are going to be very interested in the qualifications of the owner and/or key managers.

"Set a high standard for performance to attract high performing talent."

Their concern is right and it is warranted. No one in their right mind would decide to invest in a business when the owner knows nothing about the product he is attempting to sell. The risk of joining such an inept and misguided venture is just too high.

So it’s very important that you properly introduce your leadership team and support their appointment by listing clearly their unique qualifications.

Providing a quick resume for each leader might include the following information:

  • Full Name
  • Position (Describe position and primary roles and responsibilities)
  • Assigned Authority
  • Education (highlight education relevant to this position)
  • Unique experience and/or skills that are key to this position
  • Prior employment record
  • Past accomplishments, awards and areas of recognition
  • Industry recognition and community involvement
  • Compensation – describer the basis for payout and levels of incentive compensation available to each individual

In your attempt to qualify your key people in the eyes of the person reviewing your business plan, it’s important that you are specific on the details. For example, rather than making a generic statement about how you believe this person is qualified, make a statement that is powerful and will stand alone to support your team member.

A statement of support may go something like, “Mr. X managed a sales team of 20 people, increasing sales by over 15% in the first year of his employment with XYZ Company. In addition, Mr. X was directly responsible for hiring over half of the existing sales force.

Finally, as you assess each team member in the business lesson plan, point out how each person compliments your own skills, or even adds strength in an area that you are weaker.

Learn more about the business lesson plan tool and the importance of Management Qualifications, by reviewing our free business plan.

Business Lesson Plan #9 / Onward and Upward!

"In life, as in chess, forethought wins!"
- Charles Buxton

“What shall I accomplish today?” This is a question every person should ask and answer every single day. No one can fully enjoy life, or feel that he is truly living, if he has no regular sense of accomplishment.

If you have doubt about your passion for the occupation you are in, abandon it as soon as possible. Choose your work. Do not allow work to choose you.

Choose an occupation that will force you to develop and grow. It is a mistake to assume that a special calling or talent for a particular thing will always manifest itself in youth. Many men and women do not identify their true passion until much later in life.

You may be wondering how to determine what your calling is in life. Many people struggle with this question throughout their lifetime. In selecting a life purpose consider basing your decision on the following principle: “A feeling of certainty that you can do more good there than in any other work in the world”

"Freedom to be your best means nothing unless you're willing to do your best."

In other words, determine where you can best SERVE others. Fulfillment is quickly increased by serving others. Whatever you do in life, be greater than your calling. This is a key learning in our business lesson plan.

Too often people look at their occupation as a means for paying the bills and making a living. This is a narrow view that bleeds a person of his dignity and self respect.

Apply for the greater school in life.

Work to develop yourself and broaden your horizons; deepen your understanding of what’s important; heighten your awareness of what’s out there waiting for you; and learn to appreciate the value of time and begin to maximize your time by living your passion.


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Next Business Plan Resource Chapters

» PART IV - The Marketing Strategy

» Sales Management

» Business Resources


"Plans don't accomplish work;
Wall charts don't accomplish work;
It is people who get things done."

- Colin Powell








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