REDEFINING Hilina D. Ajakaiye

S1) STATEMENT OF CHALLENGE My restaurant cannot open until my business plan is complete.

Challenge Statement Test Test QuestionsColumn 1Column 2 1) Is the SOC one issue?YesNo 2) Is the SOC in the future or present tense? YesNo 3) Is the SOC a problem or solution? ProblemSolution 4) Are the SOC facts verifiable?YesNo 5) Are the SOC assumptions valid?YesNo 6) Is the SOC essential to your overall goal YesNo

Clear Statement of Challenge My restaurant opening is delayed do to an incomplete business plan.

S2) Reframe Statement of Challenge My business plan should be completed so that my restaurant can open.

Reformulate SOC into a “What would it take?” Statement What would it take to open my restaurant?

S3) Scan for Solutions My business plan will have to be complete in order for my restaurant to open.

S4) Redefine Solutions 1.Install a business plan software guide. 2.Partner with other restaurant owners for advise and guidance. 3.Hire a consultant to give final ok.

S5) Run Test Solutions (small scale) Mid Cost: Use an existing business plan template to identify missing items. Interview others in the business (i.e. restaurant owners)

S6) Run Test Solution Large Scale Utilize services of an experienced consultant who specializes in the industry.

S7) Implementation Implement business plan!

S8) Post Review Effectiveness Improvements Costs What was learned that can be used in the future

Critical Path Method Project at hand: Creating a Menu

Steps I need to take 1.Determine menu items with executive chef (1 week) 2.Hire a graphic designer (1 month) 3.Choose style of menu layout from samples provided by designer (1 week) 4.Approve sample menu style (1 week) 5.Determine stationary to be used (1 week) 6.Order final menu layout (3 weeks)

CPM Charts: 13 weeks 1 week 1 month 1 week 3 weeks 1 week

CPM Charts: 13 weeks Select Menu items Hire Graphic designer Choose Style of menu Approve Sample menu Determine Stationary Order Final menu

11 week project Critical Path is hiring a graphic designer!

Evaluating Your Opportunities Project Time Max hours Impact on firm ROI$ Invest. Priority Complete business plan 224hrs100% $20,0001 Identify Location 6 months100% NYD2 Higher head Chef 6 months100%90%03 Customize Menu items 11 weeks90%75%$65,0004 Theme and decorations 6 months95%80%NYD5

THE END!!!!!!!!!!!! Thank you !!!