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Machinery & Hardware icon Machine Tooling Business Plan

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Machine Tooling

Management Summary

The company’s management philosophy is based on responsibility and mutual respect. Machine Tooling will maintain an environment and structure that will encourage productivity and respect for customers and fellow employees.

Machine Tooling’s management is highly experienced and qualified. The key management team includes: Mr. Peter Newton CEO, Mr. John Abbot, president, and Mr. Chris Manuel, vice president of Marketing. As the table below outlines, the company will strive to maintain lean overhead. Besides the senior management team and an administrative assistant, Machine Tooling currently employs a production manager who oversees all the production facilities and the staff of ten.

10 Production workers are tracked as Cost of Goods in the Profit and Loss table. To accommodate the growing sales projections, an additional five productions workers will be hired in 2001.

Personnel Plan
2000 2001 2002
Peter Newton, CEO $75,000 $80,000 $90,000
John Abbot, President $75,000 $80,000 $90,000
Chris Manuel, VP Marketing $60,000 $65,000 $75,000
Production Manager $45,000 $50,000 $55,000
Administrative Assistant $30,000 $35,000 $40,000
Total People 15 20 20
Total Payroll $285,000 $310,000 $350,000