Sleep Walking
Yesterday we met up with with a business advisor, Mr. Pruner, from SCORE (Service Corps of Retired Executives) to go over our business plan. We had agreed to meet up with him at a local Starbucks. Before we headed there, I had taken a nap at home, and Phan woke me up about 15 minutes before the scheduled meeting. When we got to Starbucks, I was still half-asleep, stumbling around like a walking zombie.
Although I've corresponded with the advisor via e-mail, I've never met him before this, and I wasn't sure what he looked like. Seeing an old man sitting in one of the tables, I mumbled in an inaudible way whether he was Mr. Pruner. The old man looked up at me looking totally confused. Here was a blur young guy talking to a blur old guy, it was quite silly. Phan asked me whether I was sleep walking. I went to order a cup of mocha, 'cause caffeine was something I definately needed at the time, hehe.
We sat and waited and Mr. Pruner came in a few minutes later. He had owned several restaurants and has extensive experience with the ins and outs of the restaurant business. He was very helpful, and provided us with some great advice. We had him sign a confidentiality agreement and handed him our business plan, which he will review in the next few days.
During that meeting, he did flip through the 50 page plan and made some suggestions. It turns out that our 50+ page business plan is way too long, we'll have to trim it down by half. We'll also need to adjust some numbers in our financial projections. Some of the photos of the dishes that's on this blog was included, and he was quite impressed with how good the food looked and suggested we include those photos on the printed plan.
His experience is extensive, and it was great talking with him. Despite Phan having a Master degree in Finance and me being an MBA student, the real education starts when we actually run our own business. However, I do feel that our formal education did help us think about our future business on a higher level than we otherwise would have, as we are able to draw from the concepts of business strategy that we learned from the classroom and apply it where appropriate.
Well, we'll be hearing from Mr. Pruner within the next few days. Once our plan is perfected, it'll be time to head to the bank. In the meantime, we're busy getting the paperwork together to get incorporated. New Year celebrations for us can wait till next year, heh. :oP
However, we still would like to wish you a very Happy New Year!!! :o)
























