REGISTRATION NUMYEAR: 2014
DESCRIPTION OF THE BUSINESS
The type of business my relative and I will be involved in is a Partnership business, Kush Kash Candy. The business will be operated by myself and two other relatives. Each of whom will be contributing capital for the establishment of the business. Kush Kash Candy will be targeting the regional market and its focus will be on both adults and kids of all ages. Our objectives will be to provide a low calorie but sweetened candy to satisfy the taste buds of our valued customers. Our opening hours will be as followed: Mondays – Thursday 8:30 am - 4:30pm, Fridays 8:30am -5:30pm and Saturdays 9:30am – 3:30pm.
Justification of location
Kush Kash Candy will be located at 64 Barnett Street Montego Bay. We will be located in this vicinity for three reasons: The locations of the business ideal because Barnett Street is very busy on a daily basis with pedestrians and vehicular traffic so the potential of attracting customers; both adult and children will be very high. This location will be ideal because of the available amenities, such as electricity, water, internet access and banking facilities are accessible. Barnett Street will be ideal because the business will be closer to raw materials. We will be able to acquire sugar from a nearby factory on the same Street that we will be located. We will also be easily accessible to chocolate because of the high quantity that is being offered by the Freeport pier twice per month at an affordable price. The coloring will be available to us by a nearby wholesale that is across the road from Kush Kash Candy.
SELECTION OF APPROPRIATE LABOUR
There are about 10 persons to be employed. We will need about 3 skilled workers, 5 semi-skilled and 2 unskilled. The business will need two accountants to keep track of the daily transactions of money, one executive to handles the internal affairs of the employees and two Head of Department to supervise the unskilled and semi-skilled. The semi-skilled would consist of workers to control the machines. We will need ten machines workers, two ingredients mixer who will be able to create new taste for the candy and also new types of candy. We also will need two truck drivers with two trucks; each truck will consist of one worker. The unskilled workers would be two janitors who will be responsible for the cleaning of the business. The reason for choosing the labour force is because it will be suitable for this business.
SOURCE OF FIXED AND WORKING CAPITALS
Fixed capitals are machinery and other things which will be kept for a long time and used over and over in the production of goods and services in a business. Fixed capitals in this business will be the trucks, the building and the machines. The trucks will be used to transport goods (candy) from the factory to consumers for sale in and around the island. The building will be used to facilitate machines and workers to produce the goods. Machines will be use to help create the finish product of the candy. The source of fund to accumulate fixed and working capital will obtain from myself and the shareholders savings and contributions from other family members. My savings accumulate from partners that I joined with various banks. Fixed capital such as refrigerator, oven and mixers will be bought from Court Jamaica Limited. Working capitals are defined as raw materials, money and other items that are used up in the day to day running of the business or the goods that are constantly being used up in the daily operation of the business. The raw materials would be the sugar, coloring, chocolates, frosting and fruits.
ROLE OF THE ENTREPRENEUR
Entrepreneurs are persons who organize and coordinate factors of production. They take risk and make decisions and carry out productions. At Kash Kush Candy the entrepreneur will make the necessary changes to...
Stimpson, Peter. Principle of Business for CSEC, Kirby Street, London, EC1N 8TS: Nelson Thornes. 2011
I would like to express y special thanks of gratitude to my teacher (Mrs. Robinson Givans) who gave me the golden opportunity to do this wonderful project on the topic, Production, which also helped e in doing a lot of research and I came to know so many things and I am really thankful of this. Secondly I would like to thank y parents and friends who helped me a lot in finalizing this project within the limited time frame. I am making this project not only for marks but also to increase my knowledge.
This project is intended to provide an overview of a business plan for the establishment of a candy business by the name of ‘Kush Kash Candy ‘. An examination of some successful formation and eventually growth of business will be highlighted. It is intended that this business can be and alternative to sustainable employment for the researcher, when the researcher has completed his/her academic studies and wishes to enter the job market.
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