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Tucson Electronics

Management Summary

Mr. James Munroe is a retired Navy Commander with a degree in electrical engineering from the University of Texas-Austin. During his naval career, Mr. Munroe gained extensive experience in project management, engineering, and electronics systems. During his leisure time, Mr. Munroe sought to expand his experiences in electronics by becoming a certified electronics technician with various brand companies. Mr. Munroe is now seeking to leverage this experience into a growth-oriented business that will be able to eventually compete with the largest firms in the industry.

Mr. Munroe will also be employing the services of his son Samuel, who desires to eventually take over the business. Samuel Munroe has been attending a local trade school and is expected to graduate with a degree in electronics in the summer of 2002.

7.1 Personnel Plan

Tucson Electronics’ initial staffing will consist of Mr. Munroe, his son, and two part-time technician trainees. Accounting, bookkeeping, and marketing consulting services will be outsourced. The company’s intermediate goal is to have four full-time, fully trained technicians at the original facility, plus a full-time office manager. However, management has decided to await future developments before determining the best time to bring on such personnel.

Personnel Plan
Year 1 Year 2 Year 3
Mr. James Munroe $36,000 $36,000 $36,000
Mr. Samuel Munroe $24,000 $28,000 $32,000
Part-time technician $14,400 $28,000 $28,000
Part-time technician $14,400 $28,000 $28,000
Part-time technician $0 $15,000 $15,000
Total People 4 5 5
Total Payroll $88,800 $135,000 $139,000