Homework Lance
The Homework Hangout Inc.
Andrew Oglesby
Robert Johnson,
Raeann Yazzie
Maria Valenzuela
Grand Canyon University
The Homework Hangout Inc.
Milestones Grantt Chart
The Homework Hangout’s preferred timing is listed above in the Gnatt chart; the process the principals decided on was in order to optimize start-up and an initial goal of 200+ clients. All this would be ideally complete at April 2017. The company will start with incorporation and starting paperwork and business licenses. The next steps will go from funding such as grants and loans. Upon finalizing all paperwork and funding the business will move towards filling mandatory positions and training efforts. Finalizing plans and implementing marketing will be our next steps and then the organization will move towards grand opening and gaining clients.
In case of a setback during the setup of The Homework Hangout, it would be very wise to identify a variety of optional locations that can be used but still remain within the community or as close as possible. In a financial setback, it would be useful to identify a variety of other financial intuitions that can be potential lenders. It would also be useful to look for sponsorships and into constant fundraising ventures to ensure that our lenders and stakeholders are aware of how serious and how important it is to get this business plan off the ground and into a successful future for the youth. Should there be a natural disaster problem, collaborating with local learning facilities would be a great idea. Currently, we have been experiencing the monsoon season, which could lead to possible flooding in our facilities. Should that happen we can move our services to local libraries, or even to local school district gyms for a few days while our facility is cleaned out.
The Homework Hangout Inc. will need to be a company that is prepared for the unexpected events that occur during the process of creating an establishment. The Homework Hangout Inc. has created a contingency plan to safeguard what so many have worked hard to create for the youth of the community. The Homework Hangout will need to know that theirs strengths and weaknesses. By using the SWOT prepared by the Homework Hangout Inc. management will be able to use the strengths of the company and apply it toward any crisis the company might anticipate. The Homework Hangout Inc. will also seek insurance polices to protect the employees and participants to ensure there is a plan of stability incase there is a loss of funding for the operations costs. There will be a system created to protect information within the company and to mismanage all costs that are revolving within in the company so that can track all funding that might also include shareholders involved with the Homework Hangout. It is always important for a company to be prepared for the unexpected and having a solid contingency plan can help The Homework Hangout Inc. be prepared for the better or the worse.
Resources
Contingency Planning – Risk Management from MindTools.com. (n.d.). Retrieved from https://www.mindtools.com/pages/article/newLDR_51.htm
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