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.
Your Online Business Plan Must Measure the Market and Metrics
You are going to want to specifically focus on the users and your demographics that you plan to hit with your new online business and how your costs and price compare to what the market is currently willing to pay for the product or service you are going to offer.
It’s here that you are going to take the time to make a list of your current competition along with what you feel they are doing correctly and what they are doing wrong. This is one of the most important sections for luring lenders and investors on-board with your plan. If you aren’t able to show that you have an idea that’s innovative and that you also have the marketing strategy to shoot you forward, you’ll have difficulty getting any investment interest.
