Pob Sba

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PRINCIPLES OF BISSINESS SBA

-SOLE TRADER
-Cpu tech
SCARBOROUGH SECONDARY SCHOOL
PRINCIPLES OF BUSINESS
SCHOOL BASED ASSESSMENT
CANDIDATE NAME: JANE DOERAYME
REGISTRATION NUMBER: 1601850000
DATE OF SUBMISSION: FEBRUARY 20TH 2013
TABLE OF CONTENTS
Introduction………………………………………………………………………………………………………………….1 Description of the Business…………………………………………………………………………………………..2 Justification of Location………………………………………………………………………………………………..3 Selection of Appropriate Labour……………………………………………………………………….………….4 Sources of Fixed and Working Capital………………………………………………………….……………….5 Role of the Entrepreneur…………………………………………………………….………………………………..6 Type of Production………………………………………………………….…………………………………………..7 Levels of Production…………………………………………………………….………………………………………8 Quality Control Measures…………………………………………………………………………………………...9 Use of Technology…………………………………………………………………………………….…………….…..10 Linkages……………………………………………………………………………………………….……………………...11 Potential for Growth……………………………………………………………………….…………………………..12 Government Regulations……………………………………………………………….…………………………….13 Ethical Issues…………………………………………………………………………………………………………….…14 Bibliography…………………………………………………………………………………………………………………15 1

INTRODUCTION
This project is intended to provide an overview of a business plan for the establishment of a design and fashion business by the name of ‘Yut Trenz’. An examination of some of the main structures required for the successful formation and eventually growth of the business will be highlighted. It is intended that this business can be an alternative to sustainable employment for the author, when the author has completed his/her academic and/or other studies, and wishes to enter the job market. 2

DESCRIPTION OF THE BUSINESS
A design and sewing business will be established as the owners would have the skills in design and sewing, which were acquired after leaving secondary school. Mr. John Doe and Ms. Jane Moe will be the business’ owners. The design part of the business will be managed by Mr. John Doe, who has a certificate in Art and Design from the University of Trinidad and Tobago, and the sewing part will be the responsibility of Ms. Jane Moe. This Partnership business will go by the name ‘Yut Trenz’ and will design and manufacture custom-made and made-to-order clothing designs for young, trendy, males and females. The business will produce dresses, skirts, pants, blouses, shirts, uniforms, and other apparel, to meet the demands for retail and wholesale markets. The objectives of ‘Yut Trenz’ will be to provide top of the line affordable, trendy and fashionable quality apparel to young people making them look and feel at their best. 3

JUSTIFICATION OF LOCATION
This business will require a large space and will be divided into administration, manufacturing, and display. Due to this, two units will be rented in the newly constructed mall at Scarborough, located at Garden Side Street, to accommodate the needs of the business. This location, while expensive, will be ideal for the following reasons: Firstly, since the establishment of the mall in December, it has attracted a lot of young people due to the video gaming centre, youth trendy shoe stores, and fast food restaurants. This provides a situation of market pull, as the business will be located where potential customers can be found. Secondly, the business will be quite close to the Port of Scarborough, a main transport hub of the Island, thus ensuring easy access to goods when shipped from supplies either from Trinidad or abroad, and making it cost effective in transporting the goods from the port. A third reason why this location will be ideal, is the fact that all amenities necessary such as electricity, water, internet, banking, bathroom, etc., are available and reliable, ensuring the continuity of business operations at most times. 4

SELECTION OF APPROPRIATE LABOUR
‘Yut Trenz’ will employ young people who have the same passion as John Doe...
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