Hookah Bar Week 9 Report
Date: November 3rd 2011.
To: Dr. Rivers
From: Hookah Bar, Ali Khan
Subject: Weekly progress of the Hookah Bar Organization
The Hookah Bar Organization performed the following tasks between October 26th and November 2nd of 2011.
The organizations main goal for this week was to draft the total investment plan for the Hookah Bar. All the group members worked collaboratively and successfully created the total investment plan before the planned dead line. Our total investment draft consists of revenue allocation for the different stages of development of the Hookah Bar.
More specifically the total investment document includes financial allocation to costs such as renovation, purchase of equipment, inventory, licensing expenses, insurance premiums, etc. The total investment document is a substantial part of the Hookah Bars feasibility report because it consists of all the initial expenses that the bar will be recurring.
The second task that the organizations successfully completed was the initial marketing strategy report. The marketing strategy of the Hookah Bar is currently being reviewed by Li Lu’s professor of marketing at the Saint Louis University. The revised marketing strategy will be available to the group for a second review by Monday of next week.
The upcoming week is going to be very important because the midterm project report is due. Our group decided to have an additional meeting on Tuesday especially for completing the midterm project report. Everything in the organization is going very smoothly and the group is functioning extremely well.