Description of business Essay

This kind of entrepreneur will be opening a fresh business that will operate as being a sole trader. The identity of this business is CJ’s Seafood joint. CJ’s Seafoods joint can operate under the logo “Come have a mouthful of flavor. Functioning as a single trader would mean that the entrepreneur would make each of the descions himself but would also have to carry the responsibilities intended for himself. The main aim of the company is to have got every buyer who comes comes through our doors amazed at CJ’s and will also be excited to arrive again, likewise to create and look after a surrounding that is complete and exceptional in its awareness of every detail of operation.

The entrepreneur as well wishes to provide a friendly, supportive and worthwhile environment which usually encourages long term, satisfying, expansion employment. To hold the concept refreshing, exciting and on the innovative of the food industry. The business enterprise will be opened up on weekdays 8: 00 am to 10: 30pm, weekends, 9: 00 was to eleven: 30 evening also on public getaways. CJ’s is usually opened to a variety of distinct persons and age groups.

It might be coveinienient to persons who have are working extended stays and so does not have the time to prepare a right meal or perhaps a family who may be just looking for somewhere nice beautiful to have dinner. CJ’s will also serve an as accommodation intended for catering for dinners, marriages and some other events. Second of all, beach scenery would as well serve as an attraction to get both neighborhood and clients home and abroad, especially the tourist from which forex trading would be gained which means more profits for the business.

An attractive beach landscapes would provide a relaxed and calm environment which might entise the purchasers into returning again and having a our god reputation would mean more clients thus even more profits. Two Chefs and one business chef. These types of persons will probably be incharge from the preparation and meal planning of all the sophisticated menus and launching new tips which will motivate the customers in returning. 2 Bartenders. These kinds of persons can be incharge of getting refresging beverages and alcoholic drinks according to the buyers preference.

The organization will also need 5 Cashiers. They will be incharge of the cash made on a regular basis and will play a role in the monitoring of the business’s financial ventures and info. In this organization the not skilled are just as critical as the skilled workers as they play a vital role in the good running in the business.

The skilled can consist of: 12 Janitors. They shall be incharge from the proper protection and cleanliness of the building which will supply the business favorable comments for its emmaculate maintenance. four waiters and 4 waitresses. They will be in charge of satisfying the purchasers requirements and should try to fulfill all of them with not any animosity and should be patient in dealing with their challenges. 10 fishermen.

They will be in charge of going out to sea and ensuring that the ocean animals needed by the organization is always in time and of good quality. Sources of set and working capital The business will be needing both doing work and fixed capital. The two sources of fixed capital to be used by the organization are: That loan of US 300 dollar, 000 in the National Commercial Bank, being secured having a mortgage for the entrepreneurs residence, which would venture towards: the purchasing of recent equipement The money borrowed from your bank will probably be repaid from the profits accumulated during a length of 10 years of successful business management.

Part of entrepreneur The businessperson is one that organizes the factors of production to create goods and services. The best option location, qualified workers, and the right tools and equipment will ensure successful production. It is therefore important for him to make the correct decisions with regards to the employment from the required helpful his organization. He must likewise make decisions on systems and procedures to be used in the production procedure.

An entrepreneur has many roles/responsibility, three of which are: PLANNING Organizing is very important to each venture. It can be more important to the entrepreneur’s endeavor because of the concern of success and less place to make problem. The entrepreneur’s focus is usually on the execution side and the way to get the merchandise to the industry in the shortest amount of time in order to start earning income.

OPERATING The kind of production utilized in the business is usually primary production. The fish and other marine animals will be extracted from your sea being made in a finished item to be enjoyed by thousands of clients. This is the lowest level of creation. Subsistence shows refers to result from the creation process that is certainly just enough to get the success.

This sum of development is for that reason not satisfactory to meet almost all needs and wants of the family, community or a region. For example , subsistence farming consists of the production of crops to feed the family and for survival. Riches is not really created because whatever is usually produced is consumed.

The type of production utilized by CJ’s Seafood Joint can be domestic creation. The business gives mostly to get the local marketplace. There is satisfactory demand in your area to absorb every one of the produce.

Possibility of growth If we can get a good record, we might manage to expand internationally, allowing all of us to open twigs in different countries turning CJ’s into a multi-national business. The business would and so make more money and foreign exchange, also more coverage for the company. 1 . Completed application to get TRN Amount Organisations