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A project plan is a formal approved process used to guide both project execution and project control. The primary purpose of project plan is to document the assumptions and to facilitate decision making. The business idea is usually a new, innovation service in order to gain high return. The small entrepreneur should be ready to put financial security and make innovative business ideas to make certain investments. Relocating a business is problematic job that consist of multiple steps before its finalization. It is important to notice that the business needs to think about emergent business relocation plan to get clarity on the reasons (Chang, 2016). The Table Café is a restaurant located at Barking and is famous for its noticeable cuisine. The key staff person in the organization includes Parisa Ajdadi, Bulbul Uddin, Man Mir and Zahra Parisha.
The report is based on a project plan for a small business relocation and expansion in Kennington. It includes the relocation and expansion plan of a small business and takes away restaurant “The Table Café House” from Barking to Kennington area. A proper planning and management is required to arrange the relocation and expansion activities. This is carried out in order to guarantee long term success.
In order gain efficiency it is important for Businesses to understand the reasons for moving and expanding business venture. As per Sharon K. Ward, an economic development consultant the need for relocation and expansion arises due to employee issues, the craving to attain new market, the call for improvement, the wish to lower costs or to increase cash flow. Different businesses at different times need effectiveness that is more important than others. The purpose is to relocate and expand business operation in order to gain efficiency. In the recent time it is necessary for a business around the world to expand operations. The restaurant is planning to shift its operations creating a necessity for organizational growth (Schaper, et al 2014).
The purpose of the Business plan is to relocate the table café restaurant for different reasons, ranging from customer traffic and improved growth opportunities to manage need for more space. On the other hand, relocating an organization is a time-consuming and disorderly in nature. There are potential chances of dispute among the employee and customer relationships. For attaining utmost growth it is recommended to develop a relocation plan. An expansion and relocation plan serve as a method for assessing the risks and benefits. It is important to develop an effective plan and to develop a detailed checklist for accomplishing relocation tasks (Peppard, and Ward, 2016).
Firstly it is important for a business organization to point out the necessary process to initiate relocation. One of the major reasons behind relocation and expansion is the necessity of outgrowing present location. It is important to be clear about the positive reasons for relocation. As per the given condition the café is planned to be shift to Kennington due to a close proximity to customers or business partners. Another reason for choosing this area is due to Proximity to central London and development of the area as a residential suburb. The new area has more indoor and outdoor occupancy letting people to enjoy their free time. The current location fails to attract more skilled or specialized chefs and staff members. By providing a just picture it is possible for relocation and one can clearly focus on the right solutions (Whittle and Myrick, 2016).
While developing the overall plan it is important to maximize benefits such as an enhanced working environment, improved right to suppliers or skilled workers. By Documenting potential risk associated with the relocation such as disturbance to production principal to delivery troubles, loss of key human resources who do not desire to relocate. The primary focus of an effective relocation plan is to minimize the risk associated with relocation plan.
It is necessary to develop a plan effectively by incorporating the total operating cost that is necessary to be calculated before initiating a business operation. This has become evident for the current business to calculate all the direct and indirect costs of relocation to set up a budget for the move. Incorporate the predictable costs of renting or buying appropriate assets at Kennington (Ackermann and Audretsch, 2013).
While relocating the area to Kennington it is important to compare the facilities, costs and profit of the location. Firstly it is suggested to prepare a short list of properties in Kennington by searching databases on the Internet, or through a property agent. Investment need to be made after considering various factors attached to it. The new place selected need to be kept keeping in mind the requirement of customers. It is important to initiate activities and products as per the requirements of the customers. While expanding a business it is one of the most important parts in order to achieve desired growth (Goss, 2015).
While relocating and expanding the business one of the most important parts is to select a leader to take overall project management responsibility. It is vital for the growth of the organization to appoint representatives in each department to communicate with the leader. For attaining efficiency it is necessary to prepare checklists of tasks for each department. In this manner one can continue to provide customers with the perfect service with negligible disturbance.
Integrate a plan for internal and external communications to create awareness (Lechner and Gudmundsson, 2014).
It is important for the business to generate the reasons and possible benefits of the shift to all employees, encouraging them to oblige in guaranteeing a smooth change. For the purpose of relocation it is necessary to Set out an employee policy in advance. A prior detail related to the relocation expenses should be made available to the employees. Explain the alternative arrangements for employees who do not want to relocate. It is vital for the organization to provide employees with sources of information regarding essential location such as house prices, schools and colleges, medical facilities, stores and free time facilities. A prior detailed Information need to be given to set customers regarding the relocation dates during the transition period. It is most important Set out the potential benefits in terms of improved customer service. It is important to give customers and suppliers with essential site, in order together with address, telephone and other contact information (Henrekson and Sanandaji, 2014).
This is an important part of the relocation plan to include transport planning for furniture and equipment. While making an effective decision it is important to manage Contact utility in order to arrange disengagement and fitting of services in existing and new premises. It is important to prepare a schedule for the relocation with key dates and responsibilities. By including a list of significant associations for the relocation period the organization can gain effectiveness (Greene, Brush. and Brown, 2015).
It is advised to the business organization to prepare a contingency plan in case of implementation of an effective planning mechanism. A contingency plan is the one that will help in managing the activity in case of a proper plan. The restaurant can keep a second plan at the time of relocation and expansion. This will help in generating sustainable result that will allow in managing efficiency at work (Grant, 2016).
| Specific | The objective is related with the position a firm would like to achieve. The purpose of behind shifting the location is due to increasing opportunities at Kennington. This will help in increasing the overall revenue and hence provide with immense growth and development. The new restaurant will take a period of 6 months to settle. Before that it is necessary to carry out promotional activities. This will generate awareness among people staying at the nearby place. It is important to understand the needs and purpose behind establishment of the restaurant. Specific goals are of great importance in order to measure the desired results (Johnson, 2017). |
| Measureable | The objective of the restaurant is to increase the market share by 12%; this wills simultaneous effect the local restaurants. An increase in the percentage will however allow in gaining sustainable results. The increase in percentage will provides with a progressive result. |
| Achievable | Before setting the objective it is important to understand the local environment. This will however allow the organization in making effective change. The purpose behind setting up a business function is to gain pre-determined target. It is recommended to set achievable target. The examination of marketing environment is mandatory to understand capabilities in order to assess increase in market share whether it’s achievable or not. |
| Realistic | The goal should be realistic in nature and should not be vague. This is important for a business organization to set proper attainable goals. In order to manage the activities in a proper way it is necessary to mark sustainable approach in order to gain understanding of realistic goals. It is important to develop a better knowledge if suitable goals for the organization. They want to hold the current market segment by developing cohesive strategies. The restaurant industry in UK is booming. There is a necessity to develop effective market. The goals are certain and realistic based on the current location of the business. |
| Time Scaled | They want to attain the targets within a period of 6 months from the date of establishment of the restaurant. In a competitive atmosphere it is important to gain results in order to attain requisite feature. |
Strategy: It involves the development procedure to establish the restaurant in Kennington. The restaurant chain is keeping an economic pricing strategy by holding up the market. The excess competition in the area can only be reduced trough a sustainable planning (Christensen and Raynor, 2013).
Preparation: The strategy will be prepared in the initial week later on the company can develop an effective model through deployment of plan.
Design: The design of the restaurant is shared with the purpose to gain objectives. At the later stage the designing will be done in order to manage the strategic result.
Testing: A pilot project will be launched for an initial 1 month to check the viability of the project. The prices will be checked in order to gain the necessary results. The prices will be checked in order to understand the market need (Henricks, 2017).
Launch: To launch the restaurant after the successful run of the pilot project. This is to gain the effective results in order to manage the revenue.
Closure: After the launch of the restaurant it is eventually important to develop the plan. This is the last phase of a project.
The project schedule is based on developing an effective planning process. A straight forward planning schedule from beginning till end will allow in managing the task. By obtaining an estimate of project, the new location one can get an estimated cost of relocation. The purpose is to make provisions for repairs, renovation or restoration of the new premises. It is important to include the fees of expert advisers such as lawyers and property agents at an initial stage (Evans, 2015).
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It is important to manage the risk associated with the project. The excess competition in the market may cause problem in order to deal with the current situation. This is to create awareness so everyone knows about the key dates and tasks. By developing a project plan one can maintain essential production and delivery during the relocation. The availability of Plan B in case of failure of Plan A will help in continuity at work. This will further allow the business organization in gaining long term sustainable result (Johnson, 2017).
In the recent time there are problems relating to the environmental issues. By creating an effective plan the company can deal with the issues. Environmental awareness is another matter need to be given special attention. This is only possible if the activities are carried within a special framework.
The major reason behind the failure of the project is due to the following issues:
To conclude, In order to develop an effective plan it is important to follow effective measures. Step by step procedures need to be adopted in order to gain competency. Conceivably the business expansion plan is required keeping in mind the emerging necessities. In order to attain effective results it is important to understand merging company with another one or other to define the frames of forthcoming move and the precise procedure of it. It is not compulsory to acquire a suitable relocation business plan to take time exclusive of to make the right stepladder in gaining success.
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