1. Joseph Ghorra's Background:
o Yalla Jeye: Pioneering delivery service in Lebanon and Zahle.
o Castle Black: A pub that did well initially but hasn't reached its full potential.
o Salon Zahle: A successful cafe/resto, considered his most credible venture.
2. Strengths:
o Diverse Portfolio: Involvement in different types of businesses shows versatility.
o Experience: Successfully running multiple businesses by the age of 27 is commendable.
o Current Success: Salon Zahle appears to be performing well, indicating he has the ability to create a successful business.
3. Weaknesses:
o Lack of Innovation: His tendency not to push businesses to their full potential after initial success.
o Presentation Skills: He seems to lack polished presentation and planning skills, as evidenced by presenting a business plan as just an Excel sheet with numbers.
Recommendations
1. Due Diligence:
o Financials: Review the financial statements of his existing businesses to understand their performance.
o Business Plan: Examine the new business plan in detail. Ensure that the numbers make sense and that there is a clear strategy for growth and innovation.
o Market Research: Conduct market research to validate the assumptions in his business plan.
2. Address the Innovation Issue:
o Discuss Concerns: Have a candid discussion with Joseph about your concerns regarding his tendency to settle after initial success. Emphasize the importance of continuous improvement and innovation.
o Innovation Plan: Propose developing a plan for continuous innovation and growth for the new business venture. This could include regular reviews, market research, and customer feedback mechanisms.
3. Complementary Skills:
o Skill Matching: Identify what skills you and Joseph each bring to the table. If you have strong presentation and planning skills, these could complement his entrepreneurial drive.
o Team Building: Consider building a team that complements Joseph's strengths and addresses his weaknesses. This could include hiring a business stMore...