Discussion of Final Plan
Student’s Name
Institution
After coming up with a reliable business plan, we agreed to start a business through partnership. Every member was to contribute to the start of the business and seek support from the support professionals. The profit or loss to be shared among the shareholder depending on the percentage of the contribution. Some members agreed to be an active partner in the organization’s operation depending on the skills and profession, while others decided to be a silent partner. Since most of us had no experience in the management of the business organization to employ the management team was the best option for the top and most impotent positions like the CEO of the business and the technical fields. According to the percentage contribution of the capital, active partners in the business have to be paid like any other employer and equally share the profit or loss with the silent partner.
We agreed to seek directions and guidance from the support professional and the other prosperous business organization in the market but through the guidance of the business plan policies to achieve the business objectives and the goals. Any staff, especially the technical field, should be very skilled and knowledgeable with a good record from the previous institution.