Business Plan for a Restaurant

TEXTBOOK:Small Business Management: Launching & Growing Entrepreneurial Ventures, 16e by Longenecker Pge 172 ;https://books.google.com/books?id=Un28jS2nF9oC&q=172#v=snippet&q=172&f=false PROFESSOR'S INSTRUCTIONS: An individual project paper is required. The paper will be an abbreviated business plan for a small business that you selected for the assignment in Week 3. Please see Exhibit 6-3, Page 172 for an Abbreviated Business Plan Outline. Use each of the headings in your plan as listed on page. 172. Your business plan will address the key elements of getting started (implementing) your business, obtaining the funding, and on-going operations. Effective use of material covered in the course (including the weekly assignments questions) and outside research are bases for grading. A brief executive summary should be provided at the beginning of the paper. At least two sources other than the textbook must be used to write the paper. Use proper in-text references to your sources when quoting directly or indirectly, and full end of paper bibliographic references. The paper should consist of a minimum of 5 double-spaced 12 font pages of content, including the executive summary. The number of required pages does not count the cover page and table of contents. MY INSTRUCTIONS: choose a Caribbean/American Fusion Style restaurant, to be co-owned by myself and brother. All other details needed for the business plan is open to writers discretion. I gave uploaded the questions from previous assignments that needs to be answered in the plan as instructed by professor. Business Plan Continued. 1. Who are the members of your management team? What skills, education, and experience do they bring to the team? My management team will consist of. 2. What other key managers do you plan to recruit? 3. Do you plan to use consultants? If so, describe their qualifications. 4. What are your plans for future employee recruitment? 5. What will be the compensation and benefit plans for managers and other employees? 6. What style of management will be used? What will be the decision-making process in the company? What mechanisms are in place for effective communication between managers and employees? If possible, present a simple organization chart. 7. How will personnel be motivated? How will creativity be encouraged? How will commit- ment and loyalty be developed? 8. What employee retention and training programs will be adopted? Who will be responsible for job descriptions and employee evaluations? 9. Who will have an ownership interest in the business? 10. Will the business function as a sole proprietorship, partnership, or corporation? If a corpora- tion, will it be a C corporation, an S corporation, a limited liability company, a professional corporation, or a nonprofit corporation? 11. What are the liability implications of this form of organization? 12. What are the tax advantages and disadvantages of this form of organization? 13. If a corporation, where will the corporation be chartered and when will it be incorporated? 14. What attorney or legal firm has been selected to represent the firm? What type of relation- ship exists with the company’s attorney or law firm? 15. What legal issues are presently or potentially significant? 16. What licenses and/or permits may be required? 17. What strategic alliances are already in place, and what others do you plan to establish in the future? Describe the forms and nature of these alliances. What are the responsibilities of and benefits to the parties involved? What are the exit strategies should an alliance fail? 18. Who are the directors of the company? What are their qualifications? How will they be compensated?