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Office Furniture Store Business Plan

Management Summary

WorkChairs is owned and managed by Jake and Lisa Wilson. The only other employee is our manager of the website, Peter Wilson. We don't initially plan on hiring any additional employees, but there is a possibility of adding a local salesperson in the future.

  • Jake Wilson - Jake has over 30 years experience in the office supply/furniture and ergonomics industry. He owned his own local store for 25 years and worked as President and the head of the sales division. Jake built up a huge knowledge of products, developed relationships with manufacturers, and made many valuable local contacts at businesses in the area which WorkChairs can use. Jake will work as the President of WorkChairs as well as being the primary local salesperson and expert on products.
  • Lisa Wilson - Lisa also has over 30 years experience as she ran the local office store with her husband Jake. Lisa has more experience in the accounting and organizational aspects of the business, so she'll be taking that role with WorkChairs.
  • Peter Wilson - Peter grew up working in the office store, but has since left that industry and became a seasoned expert in Web development, online sales, and online marketing. Peter will be in charge of the website and it's marketing for WorkChairs.

7.1 Personnel Plan

The accompanying Personnel Table explains the salaries of the three employees of WorkChairs. Jake and Lisa Wilson will not be taking salaries until the business has sales up and running in the middle of the year. Peter will be paid a modest salary for his part-time work from the start and will remain consistent at that level until 2003 when he will see a slight raise. Jake and Lisa Wilson will also see a raise in 2003 when the business has reached a high enough level of sales to make that possible.

Personnel Plan
Year 1 Year 2 Year 3
Jake Wilson $21,000 $36,000 $36,000
Lisa Wilson $21,000 $36,000 $36,000
Peter Wilson $12,000 $12,000 $20,000
Total People 3 3 3
Total Payroll $54,000 $84,000 $92,000