How to write a small business plan: Advice getting started

Posted by Damian Roberti on

Your Organization Breakdown in Your Online Business Plan


Your online business plan needs to make sure it addresses the management and administration structure – in other words your organization’s breakdown. Online businesses often have a simpler organization structure than a traditional business, but that’s not always the case, and it must be clearly defined.
You will need to cover the management structure and ownership of your business. It’s okay if one person fills a number of roles. Online businesses that are starting up often don’t have more than one or two people running the whole business.


During the startup period, the owner is not going to be receiving a paycheck or any benefits. Initially, owner salaries are going to be figured out based on the profitability of the company but they should never be more than fifty percent of the profit of the business.


If the company is limited, there will be the distribution of shares among the owners. That could be one person, two people or more, but the breakdown needs to be included in the business plan so potential investors know and understand the business structure.

 


You will also need to include the managerial style that you plan to use. This should be broken out so that not just investors but business owners can stay on track and later compare.


* Communication - Communication will be mainly through, i.e. email, texting, oral, etc.


* Decision Making - Who is going to be the final decision maker for all the decisions pertaining to your business.


* Project Management –There are different styles. You should define what style you are going to use. For example, all project management will be defined by the PMI PMBOK standards.


* Record Keeping – The company will use <insert accounting package name> to manage our financial records.
You will need to define the management structure. For example, Person A will be President, Director of Marketing, and Director of IT. Person B will be Director of Operations, Director of Finance. You are then going to define what the responsibilities are in each of those positions that a person holds. Be clear and concise when describing these roles, because you will be using this yourself in running your business.
The organization breakdown is going to look very different from one business to the next, so make sure that you take the time to properly define what your business organization is going to look like.

Want over 800 videos and see new daily videos? Click here

FREE SUBSCRIPTION: https://goo.gl/n7zTix

FOOD ENTREPRNURE BLOG !: https://marketingfoodonline.com/blogs/news

Start your OWN Food website with a FREE 2 WEEKS TRIAL on Shopify: https://bit.ly/2C5bz5K

FREE DIRECTORY OF FOOD BUSINESS RESOURCES:

http://bit.ly/2FCvY0M

If you have questions and need one on one consulting one hour call WITH Damian schedule one here : http://bit.ly/2VSZKUm

Food Business sign up for Amazon BUSINESS account :

 https://amzn.to/2WeXsCU

Do you sell food online? Or need discounts for shipping? FREE 30 Day trial: Shipstation https://mbsy.co/MSPdB

Professional Food packaging Done for you:  

 http://bit.ly/2ZepyzW

DO YOU WANT TO INCORATE YOUR LLC? SMALL FOOD BUSINESS? CHECK OUT SWYFT FILLINGS:

https://www.shareasale.com/r.cfm?b=907324&u=1761662&m=67568

Need Barcodes for your food product: https://www.legalbarcode.com/?affiliates=7

 

Need more advice or guidance? Check out these videos FREE

Getting your food in retail https://youtu.be/tt52a2N_Dn8

Food Distributors https://youtu.be/UZDQGsLC6z8

Subscribers Q and A https://youtu.be/tXNv7Szt4nk

Incorporating your food business https://youtu.be/97Z79HHNtKA

Secrets to selling over $100,000 in food on Etsy  https://youtu.be/J_ltPih8dr0

Working full time and starting a business https://youtu.be/Ce6aFNL5uDk

Facebook groups free food promotion https://youtu.be/P-Ot8gt4VnI

Starting your food business tips and experience https://youtu.be/SZZDYPo47Hw

Do you need barcodes? https://youtu.be/LJdSYjCrBbg

Selling frozen food on Amazon https://youtu.be/UVwAYtHLhGU

Starting with a commercial kitchen https://youtu.be/-CGu0lvMai0

Cottage food law selling food from home https://youtu.be/cWIzicQOfDw

Food truck supplies $10,000 equipment for $1,000 https://youtu.be/lsEOO6z04Rg

Food business Tax Exemption https://youtu.be/wN0Hwh8wUIY

Selling food at Farmers Markets https://youtu.be/ojDSmIQiQnY

The $200,000,000 Dollar Jerky Business Success https://youtu.be/EfuZhLWJIoU

Selling Food on Ebay  https://youtu.be/oditO05Fq8Y

Getting an investor for your food business https://youtu.be/pTx3u18EB1c

6 Tips for a successful Catering Business https://youtu.be/GSwPdTn4eAE

10 Questions to ask a Co Packer https://youtu.be/6wFLrC3TJQ4

5 Reasons to NOT sell to retailers https://youtu.be/A0HqyVqNOjI

OUTSOURCE YOUR FOOD BUSINESS WORK! NEED HELP ? FREE LIST:

http://bit.ly/2JPiXlQ

NEED HELP WITH PACKAGE DESIGN: http://bit.ly/2LWufYe

NEED HELP WITH A FOOD LOGO: http://bit.ly/2LcO9i7

NEED HELP WITH A FOOD PACKAGE DESIGN: http://bit.ly/2LcO9i7

NEED HELP CREATING FOOD BUSINESS PLAN: http://bit.ly/2LcO9i7

NEED HELP CREATING A MENU DESIGN: http://bit.ly/2LcO9i7

 

 

Listen to "Marketing Food Online Food Entrepreneur" on Spreaker.

0 comments

Leave a comment