The Team section of your business plan is about the key people involved in your business - from your employees to your advisors. It profiles of key members of your team, including yourself and any employees you may have. This is an opportuniy to highlight each person's special qualifications and skills, and state what each person is responsible for in your business, such as, who's in charge of the business when you're away.

Your Team section may also include brief profiles of external advisors to your business. These may be professionals like your banker, lawyer, accountant or bookkeeper, and others on whose advice you rely in running your business.

If you're starting up or run an established business, discuss your plans for filling vacant positions or growing your staff. Consider these questions:

• Why are you hiring?
• Will hiring make you reach your personal goals?
• Does hiring make economic sense for your business?
• What specific skills will these new employees need to possess?
• Where do you intend to find new employees?
• How much are you willing to pay them?
• How will you train them?

If you're winding down your business, outline any succession plans that provide for management or ownership of the company after your departure. As you draw up your plans, you may want to get professional advice from a lawyer, an accountant, and your banker.