Stretch 'r Wings

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Aircraft Equipment Maker Business Plan

Management Summary

Stretch 'r Wings is a small company owned and operated by **. The company will add personnel as it grows, based on projections and timetables, keeping the cost of overhead low. The following is our plan for management, sales staff, and additional employees.

**Names have been removed for confidentiality.

6.1 Personnel Plan

The personnel plan layout is the foundation for Stretch 'r Wings; having the key people in place will enable the company to start with a solid foundation. Employees will be added as business necessitates them. A projected number to start with is four employees, to be doubled within five years.

** is the developer and designer of the medical products. He will be the manager of the company, and will be responsible for setting up the office and shop area. ** will be hired as the consultant engineer to do drawings for the FAA. ** and ** have worked together doing STC with the FAA, and both know the system.

After several STCs are secured, and the PMA approval is completed, we will add a sales manager. The sales manager will develop the aspects of our marketing plan including the sales literature, website, mass mailing, etc. Next, an office person will be added. The skills necessary will be secretarial, an excellent phone demeanor, and data entry. Following will be production personnel, who will have duties associated with the assembly and installation of medical units.

**Names have been removed for confidentiality.

Personnel Plan
Year 1 Year 2 Year 3 Year 4 Year 5
Owner/Manager $15,000 $45,000 $50,000 $52,000 $54,000
Office Personnel $0 $21,320 $22,500 $23,500 $24,500
Production Personnel $0 $21,320 $22,500 $44,820 $47,000
Sales Manager $5,000 $30,000 $31,000 $32,000 $33,000
Total People 2 4 4 5 5
Total Payroll $20,000 $117,640 $126,000 $152,320 $158,500