Coworking Space Business Plan Template [Updated 2024]

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VIII. Management Team

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Management Team Members

[Company Name] is registered as a C Corporation with the founders, [Founder’s Name], [Founder’s Name] and [Founder’s Name] as shareholders. [Founder’s Name] holds 51% of the private stock, [Founder’s Name] holds 31% of the private stock, and [Founder’s Name] holds 18% of the private stock.

[Founder’s Name] brings over ten years of commercial real estate knowledge and experience to the role of President and CEO of [Company Name]. His role is to plan and execute the long-term strategy of franchising and to encourage investors in the company by selling limited shares of stock in the franchising model, as agreed upon. He holds a Master’s Degree in Business Administration from Purdue University.

[Founder’s Name], Director of Sales and Marketing, is also a commercial real estate broker, and has a wealth of knowledge in coworking spaces, as her former brokerage concentrated on the sale of property for the building of coworking spaces. She brings managerial experience and oversight to [Company Name]. She holds a platinum key from Real Estate Brokers of America and a Bachelor’s Degree in Business Administration.

[Founder’s Name], the Director of Finance, is a real estate escrow officer, with an in-depth knowledge and experience in this role and brings years of association with him into [Company Name] as a result of his many contacts. He graduated with a Bachelor’s Degree in Accounting from Northwestern University.

Hiring Plan

A major factor in seeking funding is that of increasing sales and marketing personnel.
The current hiring plan includes hiring two experienced commercial real estate brokers to add to our team at [Company Name]. This will accelerate growth further and faster in proportion with our short-term and long-term goals.

Additionally, one Administrative Director will be hired within the next six weeks to oversee the current office and administrative personnel. The Administrative Director will be under the supervision of [Founder’s Name], the accountant and Director of Finance.

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