Description of the business

Name of business - J’s Table

J’s Table is a BAKERY (Specialized in Pastries). Legal Registration requires to go down, at the office and adapt principles, names search, upon approval of desired name and pay fee, in registration it will be highlighted that the bakery is suppose to pay special emphasis on the production of Pastries and any special services attached there to e.g. delivery, orders services for special functions etc.

Mission statement – To meet the needs of the people, having a pleasant customer services, Providing a reasonable cost and providing pastries with excellence.

Justification of location

J’s table is located at #7219, Pharse 7, La Horquetta, Arima. This location was chosen because, surveys were one in the area and the majority of the population (95%) expressed a need for a bakery in the community. In the area there are suitable, convenient and reasonable buildings to accommodate a bakery. This type of business, (A Bakery) indicates high level of income.

Three reasons explaining the choice of location – are:

Parking spaces are available for customers, the traffic flow is not busy and in case of delivery we need to deliver on time.

Cost of rent is extremely affordable. Crime free this area is relatively crime-free.

Selection of appropriate labour

Type of labour:

Number of people employed

PositionClassification Of

SkillMajor

Functions/DutiesBakers Skilled Preparing the meals

Kitchen Assistance Skilled Helping the Bakers

Cashier Semi-SkilledCollection of

financeDriver/Handy Man Un-Skilled Delivery

Duties and Functions

It is a design shift system for each person to work eight(8) hours per day. One Baker and one Kitchen Assistance will work from 4am – 12pm and the other Baker and the other Assistance will work from 8am – 4pm, from Monday to Saturday opening time from 8am – 4pm. Every week the Baker and their assistance will change shift.

Sources of fixed and working

capital

Sources of fixed capital are: Those that a used by the business for example: Ovens and Juicers.

Sources of working capital are: Finances, what the business uses from day-to-day. For example: Pay rent and Paying Wages and Salaries.

Two sources of Fixed capital will be: A loan of $50,000.00 for CUC Bank to be secured by

Shania (sister). My savings of 15,000.00at CUC Bank.

Fixed capital is needed to buy:

Vehicles Equipments (Ovens, slicers, Refrigerators).

The Sources of working Capital will be: An overdraft facility for $2,000.00 at CUC Bank.

My savings from CUC Bank.

Working Capital will be need to: Purchase supplies/stock Pay employees

Role of the Entrepreneur

The role of the entrepreneur are to:

Develop ideas Organize resources Decision making Taking risk Enjoying profits

Three functions of the entrepreneur are:

Risk management – the entrepreneur is aware of the risks involved in running a business and takes steps to reduce these risks by taking out insurance for property, workers liability.

To provide a product and service to customers that are excellent, affordable and available to all potential customers.

Evaluating overall performance – continuously assessing and monitoring all aspects of operations. Evaluating staff performance, and identifying problems and solutions are also part of the entrepreneur role.

Type of ProductionThe business operates in the manufacturing sector (Food Industry). We will be making; Bread, Cakes, Pastries, Caters for finger foods, Appetizers etc, to sell to customers. Deliveries will be made and this will be in tertiary sector.

Level of Production

The business will be catering for the local/domestic level of production. The town of La Horquetta is the primary market. The business is not to be static but rather dynamic. It is not only to have shops at specified locations but also to going out into businesses and communities to inform, educate and market our produce.

Quality Control Measure

Continuous study/research would be done regarding the raw goods used and their mycology so that customers health would be emphasis

The implementation and maintenance of strict proper food handling

Use of Technology The use the internet for sourcing evolving information on

goods, products, new recipes.

The use of the media – Television, radio to inform and advertise our product and service.

Benefits: Faster transaction. Website has a greater audience. Saving of time and cost. Software for accounting means you can do your own

accounts.

Linkages

(Backward linkage) (Forward linkages)

Flour and sugar from

wholesalers

Bakery Snacks in boxes for conferences

We will purchase raw materials from the nearby wholesalers so that our deliveries will be fresh and on time, at a lower cost of transportation. We will sell and cater to the nearby Hotel. This hotel hosts conferences and requires snake boxes on a regular basis.

Potential for Growth

Internal growth would be in the areas of motivation employees through training and certification, appraisals, commendations etc. The setting up of specific roles and functions with regular follows up to encourage effectiveness.

External growth would be fostered by doing ongoing feasibility test and surveys at present location and new potential areas of business. To also consider the services of competitors with an effort to provide a better service.

Government Regulations

The following are Government Regulations and their impact on the business.

The labour code is put in place to ensure that each working personnel is treated fairly; it also gives the manager the ‘know – how’, giving them an informative guide in which they should abide by.

Taxes are mandatory payments made to the government; this can be a financial burden to the business. In the event if these contributions are not made legal actions can be taken which can affect the business in both short – term and

long – term. There is also the risk of the company being closed down.

The Bureau of Standards is to promote and encourage the standardization of goods and services. Such practice keeps business produce standards high.

Ethical IssuesOne issue which has impact on production is expiry dates. This will affect the business by which means assist with lose of customers.

BibliographyEta Alan (2006) Essential Principles of Business for CXC 3rd edition.

Waterman L. Ivan, Ramsingh Dave and Ramsaroop Alvin (2011) Principles of Business for CSES Examinations.

IntroductionThe School Based Assessment (SBA) for Principles of Business (POB) instruct that students are to select Either; Production, Marketing or Finance. On one of those topics each student had to create a business plan. My School Based Assessment (SBA) is based on PRODUCTION.

ACKNOWLEDGEMENT

Firstly, I am acknowledging God, Secondly my Family, Friends and Principles of Business (POB) teacher who assisted me.

TitleTitle: Production