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Turnbull’s Turn bull’s restaurant
PRINCIPLES OF BUSINESS School Based Assessment
Name Adr!an Turnbull School E"cels!or #!$h School Centre % Terr!tor& Terr!tor& 'ama!ca (ear (ear )0*+,*)0*+,* Teacher Teacher .r/ .r/ .edle&
TABLES TABLES OF CONTENT
Introduct!on * 1escr!2t!on o3 Bus!ness/) Roles o3 Entre2reneur//4 Ent re2reneur//4 Use o3 Technolo$&//+ Potent!al 5ro6th 'ust!7cat!on o3 Locat!on//8 Select!on o3 A22ro2r!ate Labour//9 Sources o3 7"ed and 6or:!n$ ca2!tal; T&2e T&2e o3 Product!on/< Le=els o3 Product!on/*0 >ual!t& Controls .easures/** L!n:a$es *) 5o=ernment Re$ulat!ons*4 Eth!cal Issue//*+ B!bl!o$ra2h&// *-
Introduct!on Th!s school Based Assessment !s !ntended to 2ro=!de an o=er=!e6 o3 a bus!ness Plan 3or the establ!shment o3 a 3ood restaurant b& the name o3 ?Turnbull’s Restaurant@/ An e"am!nat!on o3 some o3 the ma!n structures reu!red 3or the success3ul 3ormat!on and e=entual $ro6th o3 the bus!ness 6!ll be h!$hl!$hted/
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1ESCRIPTION OF BUSINESS Turnbull’s restaurant 6!ll be a sole trader bus!ness and 6!ll be cater!n$ to both 3un,see:!n$ as 6ell as so2h!st!cated d!ners to sat!s3& the!r need 3or authent!c 'ama!can 3oods !n a 3asc!nat!n$ atmos2here/ The menu !s .other’s 2r!de/ It !s a culm!nat!on at o=er 40 &ears o3 coo:!n$/ The menu !ncludes trad!t!onal 3a=our!tes such as .other’s Bee3 Patt& .other’s b!$ Bur$er .other’s 5olden 3r& Ch!c:en .other’s Prem!um Ice Cream .other’s ba:ed Ch!c:en etc/ These 6!ll be d!erent!al throu$h the use o3 3resh !n$red!ents $ro6n b& local 3armers/ E=er&th!n$ 6!ll be 3reshl& homemade and 2re2ared da!l&/
ObDect!=es */ Increase sales to -0 b& &ear/ )/ To ma:e sure all customers are sat!s7ed/ 4/ To ma:e a 2ro7t
.!ss!on statement
To 2ro=!de $reat tast!n$ 3ood and ha=e ec!ent and 3r!endl& ser=!ce/ 1!n!n$ en=!ronment 6!ll be 6elcom!n$ and so2h!st!cated 6alls 6!ll be co=ered 6!th lo=el& 2a!nt!n$s/
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Roles o3 entre2reneur As the entre2reneur o3 the bus!ness I 6!ll ha=e the res2ons!b!l!t& o3 ensur!n$ the bus!ness =enture $ets o the $round 6!th the l!m!ted resources a=a!lable/ In add!t!on I 6!ll ha=e to s2end a number o3 hours 6or:!n$ out deta!ls 7nal!s!n$ the bus!ness 2lan meet!n$ 6!th ocers !nter=!e6!n$ a22l!cants and other hosts o3 act!=!t!es/ In access!n$ 3unds 3or the bus!ness ! 6!ll do an anal&s!s to 7nd out ho6 much ca2!tal 6!ll be needed and 6!ll be 2ro=!ded throu$h 2ersonal sa=!n$s 3am!l& members !n=estors and lend!n$ a$enc!es/ In Or$an!G!n$ :ee2!n$ records and documentat!on creat!n$ a 3ormal structure 6!th act!=!t!es and author!t& ass!$ned to d!erent 2ersons/ Th!s !n=ol=es acu!r!n$ labour natural resources mach!ner& eu!2ment and 2rem!ses and or$an!G!n$ these ec!entl& and ma:!n$ dec!s!on on locat!on o3 2laces/
In mon!tor!n$ ! need to 6or: closel& 6!th h!s em2lo&ees so the& can ma:e su$$est!ons and $!=e !deas that 6!ll !m2ro=e the bus!ness/ I should :no6 6hat !s ha22en!n$ !n e=er& area o3 the bus!ness so that I can ma:e dec!s!ons 6hen necessar&/
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USE OF TEC#NOLO5( Com2uters 6!ll be used to mon!tor the 7nanc!al as2ect o3 the bus!ness and !t 6!ll hel2 to :ee2 th!n$s or$an!sed/ Touch screen 3ood =endors !s another technolo$& that 6e 6!ll use th!s !s :no6n as the .ooBella Creamer& .ach!ne/ Th!s technolo$& enhances the bus!ness b& 2roduc!n$ <8 =ar!at!ons o3 cool treats !n +0 seconds 6h!ch hel2s the bus!ness to be ec!ent and th!s also $!=es the customers a lot o3 cho!ces as not e=er&one 6ants to eat the same th!n$ 6ee: !n and 6ee: out/ Re3r!$erators 6!ll also be used to :ee2 the $oods and the meat 3resh so that the& don’t $et rotten or s2o!led th!s 6!ll enhance Turnbull’s Restaurant b& ensur!n$ that the customers $et the best =alue 3or the!r mone&/
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POTENTIAL FOR 5ROHT# Turnbull’s Restaurant has the ca2ac!t& and the 2otent!al to $ro6 both !nternall& and e"ternall& 6!th!n the ne"t &ears/
Internal
The !nternal $ro6th !n the customer base as 6ords s2read about del!c!ous and aordable meals lead!n$ to the return!n$ o3 customers and ne6 customers on a
re$ular bas!s/ Th!s 6!ll reu!re an !ncrease !n the number o3 em2lo&ees more s2ec!al!Ged 6or: o2erat!ons and 2oss!bl& the !ncor2orat!on o3 more technolo$& !n the bus!ness’ o2erat!on to meet the $ro6!n$ needs o3 the e"2and!n$ customer base/
E"ternal
The 2otent!al 3or e"2ans!on e"ternall& 6!ll !n=ol=e the o2en!n$ o3 branches throu$h,out Tr!n!dad and Toba$o and e=en !n other Car!bbean !slands/ Also 2lans are !n 2lace to 2lace branches !n the Un!ted States/
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'USTIFICATION OF LOCATION Th!s bus!ness 6!ll reu!re a lar$e and clean area/ The bus!ness 6!ll be located at )08 #al3 Ha& Tree/ The reason 3or th!s locat!on !s that #al3 Ha& Tree occu2!es a lot o3 2eo2le da!l& 6h!ch ensures that 6e 6!ll ha=e a $reat deal o3 customers com!n$ !n/
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SELECTION OF APPROPRIATE LABOUR Turnbull’s Restaurant 6!ll be em2lo&!n$ 2ersons 6ho ha=e the 2ass!on 3or coo:!n$ and also ass!st!n$ 2eo2le ma:!n$ sure the!r needs are sat!s7ed and also ma:!n$ sure the en=!ronment !s al6a&s as clean as 2oss!ble/ The bus!ness 6!ll em2lo& 2eo2le 6ho are uns:!lled s:!lled and sem!,
s:!lled !n the 3ood bus!ness/ Th!s t&2e o3 labour !s necessar& as the 6or:ers 6!ll be able to coo: and 2re2are a =ar!et& o3 lu"ur!ous and del!c!ous meals/ Also be!n$ able toser=e the meals to the customers and clean!n$ the en=!ronment 6hen !t !s d!rt&/ E!$ht,teen em2lo&ees 6!ll be em2lo&ed s!" 6a!ters6a!tress to ser=e the meals se=en che3s to 2re2are the meals and three Dan!tors to clean the restaurant 6en d!rt&/ Th!s labour !s necessar& as customers don’t l!:e to eat !n a d!rt& en=!ronment/
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SOURCES OF FIJE1 AN1 HORKIN5 CAPITAL Funds 6!ll be accumulated throu$h 2ersonal sa=!n$s o3 */4 m!ll!on and a loan o3 -00 thousand dollars 3rom the ban:/ F!"ed ca2!tal !tems !nclude tables cha!rs sto=es o=ens 3reeGers blenders m!"ers re3r!$erators cash
re$!sters and other bus!ness !tems/ These !tems 6!ll be bou$ht 3rom a =ar!et& o3 local and 2o2ular stores 3or ual!t& and 2ro=en !tems/ Sources o3 6or:!n$ ca2!tal are loans 3rom the ban: 6h!ch !s used to 2a&s 6a$es and also to 2a& 3or tools needed to start the bus!ness/
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T(PE OF PRO1UCTION Turnbull’s Restaurant 6!ll be !n=ol=ed !n both secondar& and tert!ar& 2roduct!on/ The secondar& com2onent o3 the bus!ness 6!ll be 2re2ar!n$ the meals 6!th the use o3 3resh !n$red!ents such as ch!c:en 7sh our =e$etables and
other !n$red!ents/ The tert!ar& com2onent o3 the bus!ness 6!ll be ser=!n$ the 6ell 2re2ared meals to the customers/
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LEMELS OF PRO1UCTION In th!s bus!ness the le=el o3 2roduct!on 6!ll be 1omest!c 2roduct!on as the entre2reneur 6!ll be 2ro=!d!n$ meals to 2erson !n the #al3 Ha& Tree area and !ts surround!n$s/
Th!s le=el o3 2roduct!on 6!ll 2ro=!de out2ut that !s enou$h to sat!s3& domest!c needs and 6ants but e"cess !s not a=a!lable 3or e"2ort/ #o6e=er !t !s adeuate to su22l& local demand/
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>UALIT( CONTROL .EASURES
In ual!t& control measures the bus!ness 6!ll ensure that there 6!ll be a cons!stent h!$h ual!t& ser=!ce Turnbull’s Restaurant 6!ll 2ut !n measures to ma!nta!n h!$h standards/ The bus!ness 6!ll onl& 2ro=!de 3reshl& 2re2ared meals and no ?o=ern!$ht@ meals 3rom h&$!ene 2ros2ect!=e san!t!s!n$ and clean!n$ o3 the :!tchen eu!2ment and area/ The second ual!t& o3 control !s to br!n$ !n a health s2ec!al!st e=er& 6ee: to ensure that the bus!ness !s !n !ts 2ea: o3 be!n$ health& and also to chec: the mach!ner& to ensure that the& are abo=e the standard to be allo6ed to store and coo: $oods/
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LINKA5ES
Bac:6ard l!n:a$e 6!ll be establ!shed 6!th th!s bus!ness local 2roducers and su22l!es o3 ch!c:en 7sh =e$etables bee3 and other 3ood sources/ Th!s 6!ll hel2 the bus!ness to ensure stead& su22l& o3 3resh !n$red!ents/ The entre2reneur 6ould also de=elo2 cred!t relat!ons/
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5OMERN.ENT RE5ULATIONS
?Turnbull’s Restaurant@ 6!ll ab!de b& all the $o=ernment re$ulat!ons and $u!del!nes establ!shed 3or bus!ness !n 'ama!ca/ I o6ner 6!ll re$!ster the bus!ness as a sole trader 6!th the re$!strar o3 bus!ness so that the sole 2ro2r!etor 6!ll be le$all& reco$n!sed as a le$!t!mate bus!ness/ Income ta"es 6!ll be 2a!d b& the o6ner/ Turnbull’s Restaurant 6!ll ensure that health and sa3et& standards 6!ll be ma!nta!ned b& ha=!n$ a health and sa3et& ocers are contracted to the 7rm/ There 6!ll be no d!scr!m!nat!on !n h!r!n$ and 6a$es 6!ll not be belo6 m!n!mum 6a$e/ These standards 6!ll !m2act the bus!ness b& $!=!n$ the customers a clean and sa3e area to bu& and consume 6h!ch 6!ll encoura$e the customers to come a$a!n and s2end more mone&/
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ET#ICAL ISSUE
All s2o!led or ?o=ern!$ht@ meals or su22l!es 6!ll be d!s2osed o3/ Th!s 6!ll ensure that the customers $et 3reshl& taste meals/ An& 2r!ce !ncrease 6!ll be done based on the econom& and not the 2ersonal 3eel!n$ o3 the o6ner/ Th!s 6!ll hel2 to !ts customers to 3ull& understand and a22rec!ate 2r!ce !ncrease and cont!nue the!r su22ort to the bus!ness/ Th!s 6!ll also !m2act the bus!ness b& encoura$!n$ more consumers to come and bu& 3rom Turnbull’s Restaurant and th!s 6!ll !ncrease the amount o3 re=enue the bus!ness 6!ll be $ett!n$/
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B!bl!o$ra2h&
*/ Rob!nson K and #am!lS )0** Carlon$ Pr!nc!2les o3 Bus!ness 3or CSEC Car!bbean'ama!ca Carlon$/
*CRITERIA descr!2t!on o3 the bus!ness , , ,
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T&2e o3 bus!ness Nature o3 bus!ness ObDect!=esm!ss!on statement (any TWO, 1 mark; all THREE 2 marks)
Dust!7cat!on o3 the locat!on
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, State locat!on (1 mark , Outl!ne three reasons to Dust!3& the locat!on 3 marks) select!on o3 a22ro2r!ate labour , ,
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T&2e o3 labour necessar& 1mark Number o3 2ersons to be em2lo&ed and the!r dut!es or 3unct!ons 2 marks Outl!ne one reason 6h& th!s t&2e o3 labour !s necessar& (1 mark)
sources o3 7"ed and 6or:!n$ ca2!tal , ,
Ident!3& sources o3 7"ed ca2!tal and $!=e e"am2les (2 marks) Ident!3& sources o3 6or:!n$ ca2!tal and $!=e e"am2les (2 marks)
role o3 the entre2reneur , ,
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1e7ne the role o3 the entre2reneur (1 mark) Outl!ne three 3unct!ons o3 the entre2reneur (1 mark each)
t&2e o3 2roduct!on ,
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Ident!3& the t&2e o3 2roduct!on (1 mark) 1escr!be the t&2e o3 2roduct!on (1 mark)
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le=els o3 2roduct!on , ,
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Ident!3& the le=el o3 2roduct!on (1 mark) 1escr!be the le=el o3 2roduct!on (1 mark)
ual!t& control measures ,
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1escr!be t6o ual!t& control measures the bus!ness should adhere to (1 mark each)
use o3 technolo$& , ,
Ident!3& t6o t&2es o3 technolo$& used 1 mark Outl!ne ho6 the technolo$& used !s used to enhance the ec!enc& o3 the bus!ness (1 mark)
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l!n:a$es , ,
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E"2la!n 2otent!al 3or $ro6th !nternall& and e"ternall& (2 marks each)
, $o=ernment re$ulat!ons ,
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State the t&2e o3 l!n:a$e to be der!=ed 3rom the bus!ness (1 mark) Outl!ne one bene7t o3 that t&2e o3 l!n:a$e (1 mark)
2otent!al 3or $ro6th ,
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!dent!3& $o=ernment re$ulat!ons that !m2act on the bus!ness (1 mark) e"2la!n!n$ ho6 !t !m2acts (1 mark)
eth!cal !ssues ,
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1!scuss one eth!cal !ssue relat!n$ to 2roduct!on sho6!n$ ho6 !t !m2acts on the bus!ness (2 marks)
commun!cat!on o3 !n3ormat!on !n a lo$!cal 6a& us!n$ correct $rammar , 1emonstrates E"cellent command o3 the En$l!sh Lan$ua$e (3 marks) 5ood command o3 the En$l!sh Lan$ua$e (2 marks) Fa!r command o3 the En$l!sh Lan$ua$e (1 mark) ,
O=erall 2resentat!on T!tle 2a$e Table o3 contents B!bl!o$ra2h& Sources o3 !n3ormat!ondata (1 mark) Total
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