Date: September 5, 2012
Subject: Principle of Business
Teacher Name: Mrs Bedward
TABLE OF CONTENT
Description of business3
Justification of location4
Selection of appropriate labour5
Source of fixed and working capital6
Role of the entrepreneur7
Type of production8
Level of production9
Quality controls measures10
Uses of technology11
Potential for growth13
PRODUCTION DESCRIPTION OF BUSINESS
C.A.S Beauty Salon is the name of the business. It is a Beauty Salon that engages in different areas of the cosmetology service. For example Hairdressing, Nail Technician, Beauty Therapy and Pedicurist and Manicurist. C.A.S Beauty Salon is s sole proprietorship. It is own and control by Chavonese Stephens. C.A.S Beauty Salon is a salon that caters for children from 9 years of age to adults. In this salon in the hairdressing area the salon specialize in hair cutting, cornrow, braiding, curling, cutting, creaming, colouring, treating, washing and locking of the hair. In the manicure and pedicure service the salon specialize in massaging feet and hands, do fingernails and toe nails, polishing and add additional of nails that is called tips. Beauty therapy specializes in the skin and beautifying the face. The purpose is to express the creativity to find unique solutions to the beauty salon problems to create a new customer service program, a full beauty salon, and at least 95,000 in salaries by this date one year from today. The mission is to serve the clientles with the wide range of service in an effort to enhance the beauty and of different race of people of different races and to create an awareness of health and personal hygiene.
JUSTIFICATION OF LOCATION
C.A.S Beauty Salon will be located at shop number 15 Pavilion Mall, Half Way Tree. The reason for choosing this location 1. Demography- the Half Way tree area is densely populated with people of different culture and background and age group. 2. Commercialize- the location allow people to become aware of the services the business offers.3. Geography- the business will be located in a mall that is in centralized vicinity visible to everyone in the Kingston metropolitan area.
SELECTION OF APPROPRIATE LABOUR
Human resources. 1 Receptionist- gives direction and collects personal information and prepares appointment. 2 Beauty therapies- make application of beauty products to the face, apply thoracic massage of critical area of the body and offer relocation techniques and apply artificial eyelashes and saving of the eyebrows. 3 cleaner-mop and sweep the salon tidy the working stations and clean restroom areas. To increase productivity base on the nature of business and quality of service which demand a high level of human contact?
SOURCE OF FIXED AND WORKING CAPITAL
Fixed capital – Refer to capital which is long-lasting and which does not change its form during the course of production.eg. Machines
Working Capital – is changed in the course of producton.eg.Materials
Tasty fruit smoothies decided that in order for the business to get necessary start-up capital to funds its operation, it obtain a loan of $50,000 will be used. The loan obtain from the bank will be used as fixed capital for purposes such as purchasing items such as industrial blenders, mixers, freezers and refrigerators. Working capital would be used for
ROLE OF ENTREPRENEUR
The role of the entrepreneur is to plan, organize, and operate...