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Equipment Rental

Management Summary

The company’s management philosophy is based on responsibility and mutual respect. ER maintains an environment and structure that encourages productivity and respect for customers and fellow employees.

7.1 Personnel Plan

ER’s management is highly experienced and qualified. Its key management team includes Mr. David James and Mrs. Sally James.

Jointly, they are responsible for processing quotes, arranging financing, as needed, scheduling invoices for pickup and delivery, and contract sales/rentals.

Descriptions of the management team and responsibilities are as follows.

Mr. David James. Mr. James has 10 years of marketing experience, 15 years rental/sales experience, and 15 years mechanical experience.

Mr. James makes all decisions concerning equipment purchases, as this is his area of expertise. Mr. James is in charge of obtaining all equipment for sales and rentals, completing contracts, working up quotes, setting up delivery of merchandise, arranging financing as needed, contacting customers, and verifying pickup and delivery.

Mrs. Sally L. James. Mrs. James has 10 years secretarial experience and 12 years accounts payable and receivable experience.

Mrs. James answers the phone, faxes, does all the computer work, files any monthly or quarterly tax forms, compiles correspondence as needed, accounts receivable, accounts payable, meets with a bookkeeper for end of year tax return, keeps all office needs running smoothly, filing, typing, copies, and is majority stock holder in the company (45%).

Future plans call for the hiring of a mechanic and shopman with hopes of adding a truck and delivery driver shortly there after from the area, with additional office/shop personnel to be added as needed.

On occasion part-time personnel will be used and job training provided through the area schools for those interested in this area of the job market.

Personnel Plan
2000 2001 2002
Sales/Rental Associate $19,200 $19,200 $19,200
Sales/Rental Associate $19,200 $19,200 $19,200
Sales/Rental Associate $19,200 $19,200 $19,200
Maintenance/Technician $0 $5,010 $9,500
Maintenance Technician $0 $0 $6,000
Total People 5 6 7
Total Payroll $57,600 $62,610 $73,100