Commentary

145.2 The management team and other personnel

BUSINESSES vol 4(2) start-up, sale and purchase
| Commentary

145.2 The management team and other personnel

| Commentary

145.2 The management team and other personnel

As well as the obvious, that is age, education and health record, it is absolutely vital for the business plan to record the previous business experience of the management team (including any advisers the business may have such as accountants and lawyers), together with any relevant business knowledge, specialist skills or qualifications. Lenders and investors will usually be reluctant to become involved in a business which is run by managers with no previous track record. In addition, the plan should emphasise the following in relation to the management team:

  1. 145.2.1

        their knowledge of

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