My basic understanding of 11 street
First lunch with Mr. Han and learn more about my first consulting assignment at 11 street. this is a memo before I forget:1. it is a wholly own restaurant by Miss Fan. who also borrow high interest loan for the operation in 8 years.
2. Mr. Han lent her 13 millions NT with bank interest for clean up her mess with borrowing shark loan.
3. Additional 45 millions normal / non-finance sector loan still keep the restaurant in big trouble, 1-2 millions interests must pay each month.
4. I must separate the corporate assets and Miss Fan's private ownership of the restaurant.
5. Knowing the nature of loan, a detail break down in each loan and try to separate it from Fan and the restaurant.
6. Finding a creative way to acceseratethe pay back of loan in short.
7. change the body of the restaurant to a sustainable / saleable / or investing worthy status.
8. from a management perspective and utilize my MBA knowledge to a turn around project.
9. Miss Fan is great in finding the trend / saleable dishes in Food industry.
10. I am hear to help her, not to make decision for her.
11. win her trust before share her work.
12. leave the accounting works to accountant via in house contact.
13. our professional legal partner can help to solve / negotiate to a better term with current lender
14. find Venture Capital who are in or interest in Food industry.
15. learn this new industry as much as I can.
16. no selfish to anyone, share the same honest as Mr. Han
17. consult at 50,000 / month, with a invest of 1% every 5 millions US, first millions for 5%.
16. keep the majority of ownership to Miss Fan, but to allocate capital to corporation.
17. amortization for capital investment from the very beginning.
posted by Roger @ 2/26/2007 10:26:00 下午
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