Name: Jehiel Dodds School: North East Comprehensive Center: St. Andrews High Center #:070008 Candidate #: Teacher: Ms. Ann Lloyd Subject: Principles of Business Year:2014
Jehiel’s Pastry Shop is a sole trader business owned by Mr. Jehiel Dodds. This business would provide a variety of cakes, small pastries and catering services. My main goal is to satisfy the sweet needs of others and make profit.
Jehiel’s Pastry Shop will be located on the north eastern part of Dominica in the village of Wesley (Rollo Street), adjacent to Julie’s Parlor. The reasons for the selection of this location are:
It will be the only one like it in its area therefore there would be lack of competition which means business will flourish
It will be located close to the highway hence easily accessible.
The different skill levelrequired by Jehiel’s Pasty shop for the efficient running of the business includes skilled semi-skilled and unskilled labour. Four persons will be employed a cashier, baker, janitor and delivery boy. The unskilled workers are:
Janitor
Delivery boy
The semi-skilled worker is:
The baker
The skilled worker is:
The cashier
The reason for choosing this work force is it is the simplest yet effective one suitable for the running of a small business.
Description of the Business……………………………………………………………………1
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Justification of Location………………………………………………………………………...2
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Selection of Appropriate Labour……………………………………………………………3
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Sources of Fixed and Working Capital……………………………………………………4
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Roles of an Entrepreneur…………………………………………………………………….…5
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Type of Production…………………………………………………………………………….….6
9. Level of Production……………………………………………………………………………………………………7 10. Quality Control Measures…………………………………………………………………………………………8 11. Use of Technology…………………………………………………………………………………………………….9 12. Linkages……………………………………………………………………………………………………….…………10 13. Potential for Growth…………………………………………………………………………………….…………11 14. Ethical Issues…………………………………………………………………………………….…………………….12 15. Bibliography……………………………………………………………………………………………………………13
In this School Based Assignment you will get an insight into the establishing of a small pastry business by the name of Jehiel’s Pastry Shop. It is a small business located in the village of Wesley Dominica.
Firstly I would like to thank the heavenly father for giving me the courage and the strength to finish this school based assignment. I would also like to extend thanks to my teacher Ms. S Edwards for motivating me to do this and submit it on time. Finally I would like to thank my mother for the funding needed to complete this assignment. It was greatly appreciated.
Jehiel’s Pastry Shop has established a number of control measures as a means of regulating the quality of control and standards of its products. These measures include conducting a variety of taste tests prior to opening to the public which determines the standardized number of ingredients that would be needed to ensure that its products maintain a high standard at both times, both in terms of taste as well as value of money. It will also be ensured that there will always be fresh ingredients available to make products. Another control measure I would use is statistical process control, where you check if the machine is working during every shift.
The technologies used in this business are a cash register, barter mixer and a telephone. The cash register will speed up customer transaction and ensure that money is not lost. T he barter mixer will help save time on dough preparation. The telephone will help persons to make inquiries placement of their order without having to come to the pastry shop. The telephone will provide the business with customer service which will increase productivity in the business.
The linkage derived from my business is backward linkage.This includes the changing of raw materials into finished products. J Astaphan and Company Limited will provide the researcher’s business with the raw materials necessary for the production of goods.
Ethical issues which Jehiel’s Pastry Shop will follow are payment of income tax, proper disposal of waste and fair payment of workers.
Jehiel’s Pastry Shop will obtain its startup Capital via loan of $20 000 from the Dominica National Bank in addition $9 000 of personal savings and $3 000 of money acquired from the sales of personal assets would be used. The loan will also be used as fixed capital to purchase items such as industrial ovens and refrigerators. Payment of the loan will be paid back over a three year period.
An entrepreneur is an owner or manager of a business enterprise who makes money through risk and initiative. The main functions of the entrepreneur are:
Planning developing and marketing ideas.
Accessing sufficient forms to operate the business.
Looking for ways to improve the production of goods and services.
Jehiel’s Pastry Shop will be engaged in domestic level of production, producing products for the citizens of Wesley and surrounding environs.
The type of production in which Jehiel’s Pastry Shop will be engaged in is Secondary Production. This type of production was chosen because the business will be taking raw materials and converting them into finished products.
Internally Jehiel’s Pastry Shop will grow inte rnally by expanding the business through the employment of new employees and the improving of products and services.
Externally The business will grow externally by enlarging the size of the building and opening branches (franchises) in neighboring villages.
The information for this school based assignment was collected via: Internet research Principles of business text book for Caribbean schools
