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Turkeys generally take three to four hours to cook so plan accordingly. While your turkey is cooking, finish making the rest of your side dishes and desserts. If your guests are arriving at 4 pm, put the turkey in around 12:30 or 1 pm. That way, when your guests arrive the house will be filled with the delicious smells of roasting turkey and your turkey will be essentially done. When your turkey is done, you will have to carve it. Learn how to do that here. This means putting out any last minute place settings, making sure there is enough beer and wine to go around, etc. One important thing to check is that you have enough serving dishes (if you don't plan on serving your items directly out of the dish they were cooked in.) Ceramic pots with lids are a great way to store things like mashed potatoes and stuffing, while keeping them hot at the same time. If possible, get a friend or family member to arrive early with appetizers (think light fare like cheese and crackers, olives, some nuts, etc.) Feeding your guests appetizers and providing them with drinks will promote mingling in the living room and will allow you an extra hour or so to finish up your last dishes. Ask everyone to take a seat or set it up so that all of the dishes are in a line and each person can serve him or herself. Enjoy the meal!

Summary:
Put the turkey in the oven. Finish up any last minutes projects. Set out appetizers and drinks. Bring the dishes out for everyone to admire.