Hi all.

I've 'been in business' for a few years, operating a Limited company with another partner (both directors, owners and managers). So far, our operations have been on a scale that has not required external financing and we 'answer to ourselves'.

We're working towards a new project, one that will likely need financial assistance in the forms of both an initial capital investment, and as a solution to a forseen cashflow problem. This project is technology based (we are both programmers/technology people).

I can see a stage where our new project will require additional staff/management, but it also is such that it can be operated within our existing organisational structure (the two of us); perhaps until the idea grows beyond our existing control.

In the business plan that i'm currently writing, I want to explain that we forsee the situation where we need to bring in new people to deal with specific areas (in our case, we probably will need marketing/sales people first). I also want to say that we're capable of operating the business as we are now.

To me, this is a contradiction: "we can operate things as we are now, but ideally we'd be better off with someone to handle marketing/sales".

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My question, and request for advice, is how does one justify a small management team when writing a business plan?

It would be very nice if we could all operate our businesses with a full suite of deparments for business activities, but in the majority of cases businesses start out small and grow into those shoes.