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Description of furrow EssayThis enterpriser pull up stakes be opening a new personal line of credit which go forth operate as a sole trader. The call in of this logical argument is CJs Sea fare joint.CJs Seafood joint leave alone operate under the logo Come take up a mouthful of flavor. Operating as a sole trader would mean that the enterpriser would specify all the descions himself but would besides have to carry the responsibilities for himself.The main aim of the affair is to have each customer who comes comes through our doors impressed by CJs and depart be excited to come again,also to raise and maintain a surrounding that is comprehensive and exceptional in its attention to every detail of operation. The entrepreneur also wishes to provide a friendly, cooperative and rewarding environment which encourages longterm, satisfying, developing employment.To keep the concept freshly,exciting and on the cutting edge of the hospitality industry.The line of reasoni ng will be unfastened on week geezerhood 800 am to 1030pm,weekends,900 am to 1130 pm also on public holidays. CJs is opened to a variety of different persons and age groups.It would be coveinienient to persons who are working long hours and so does non have the time to prepare a proper meal or even a family who is vindicatory looking for somewhere nice and pleasing to have dinner.CJs will also serve an as accommodation for catering at dinners,weddings and any other events.Justification of locationCJs seafood joint will be loctated in Kingston at Anns Bay near the sea.The business will do exceptionally well at this location because of its proximity from the sea.Being located near the sea would mean that the lancinating materials needed for the streak of the business would cost less notes to transport the huffy materials to the business.Also the business will have a dependable source of material this means there will never be a scarcity in harvestion.Secondly, beach scenery would also serve as an attraction for some(prenominal) local anaesthetic and international customers,especially the tourist from which foreign exchange would be gained which means more benefit for the business.A beautiful beach scenery would provide a relaxed and calm environment which would entise the customers into returning again and having a god reputation would mean more customers thus more profits.Selection of appropriate labourFor this business to be ran successfully,the entrepreneur will need to employ both skilled and skilled workers.The skilled workers in this business will consist ofTwo Chefs and one executive chef.These persons will be incharge of the preparation and meal homework of all the sophisticated menus and introducing new ideas which will motivate the customers in returning.2 Bartenders.These persons would be incharge of making refresging beverages and liquors concord to the customers preference.The business will also need 5 Cashiers.They will be incharge of the cash made on a daily basis and will play a part in the monitoring of the businesss financial transactions and data.In this business the unskilled are just as of the essence(p) as the skilled workers as they play a vital role in the successful running of the business.The skilled will consist of10 Janitors.They will be incharge of the proper maintenance and sanitation of the set forth which will give the business a good reputation for its emmaculate maintenance . 4 waiters and 4 waitresses. They will be responsible for satisfying the customers requirements and should try to pucker all of them with no animosity and should be uncomplaining in dealing with their problems. 10 fishermen.They will be responsible for going out to sea and ensuring that the sea animals needed by the business is always on time and of good quality. Sources of fixed and working detonating deviceThe business will need both working and fixed capital.The two sources of fixed capital to be used by the bu siness are A loan of US $300,000 from the National Commercial Bank, to be secured with a mortgage on the entrepreneurs home,which would go towards the purchasing of new equipementrenovating and upgrading the premisispurchasing of more delivery vehiclesThe piece source will bepersonnal savings of the entrepreneur of US$10,000 from the Jamaica Mutual Bank which will be used to do the same as the things listed above. The two sources of working capital will be a loan from the bank and personal savings of the entrepreneur .This money will contribute towards nonrecreational salariespaying utility billspay rent on the premisesThe money borrowed from the bank will be repaid from the profits accumulated during a period of 10 years of successful business management. Role of entrepreneurThe entrepreneur is one who organizes the factors of production to create goods and services. The most suitable location, qualified workers, and the right equipment and machinery will find out economic prod uction. It is therefore important for him to exact the right decisions concerning the employment of the required resources for his business. He must also make decisions on systems and processes to be applied in the production process.An entrepreneur has many roles/responsibility, three of which are groomingPlanning is very important to every venture. It is more important to the entrepreneurs venture because of the uncertainty of success and less room to make mistake. The entrepreneurs focus is on the execution incline and how to get the product to the market in the shortest amount of time so as to start bringing revenue. operateThis is where the entrepreneur starts putting all its business ideas into place .He analyzes his ideas and sees if they are going according to planned. ConceptualizingThis is where the entrepreneur gains an understanding of the business and what he hopes it will be, productThe action of making or manufacturing from components or raw materials, or the p rocess of being so manufactured.There are three types of production.They includePrimary ProductionThis includes all kinds of extractive industries such(prenominal) as agriculture, mining and fishing.Secondary ProductionThis includes manufacturing such as assembling, refining and construction (building) industries.Tertiary ProductionThis includes all kinds of service industries such as transportation, communication and tourism.The type of production used in the business is primary production.The fishes and other sea animals are extracted from the sea to be made in a spotless product to be enjoyed by thousands of customers.Levels of productionProduction is the action of making or manufacturing from components or raw materials, or the process of being so manufactured.There are three levels of production.These include SubsistenceThis is the lowest level of production. Subsistence productions refers to widening from the production process that is just enough for the excerption. This a mount of production is therefore not fair to middling to meet all needs and wants of a family, community or a country. For example, subsistence farming involves the production of crops to feed the family and for survival. wealthiness is not created as whatever is produced is consumed.Domestic ProductionDomestic production refers to production that is more than survival level. It provides output that is enough to satisfy domestic needs and wants. Excessis not available for export. However, production is adequate to supply local demand.Surplus or ExportThis level of production is adequate to supply local demand and for export. Large industries posterior produce large quantities of output to satisfy local consumption and earn foreign exchange from export, for example, the sugar and banana industries.The type of production used by CJs Seafood conjunction is domestic production.The business provides mostly for the local market.There is sufficient demand locally to absorb all the produ ce. theatrical role control measuresThe entrepreneur will make a daily report on the problems or difficulties flavor on a daily business and implement measures to correct them. The entrepreneur will also be responsible for inspecting the goods carried in on a daily basis to make sure that they are up to standard and are suitable for consumption.TechnologyIn todays world technology has release one of the fastest advancements.In CJs Seafood Joint it will play a vital part in its day to day running. Two types of technology used by the business are a icebox and a computer. The refrigerator is responsible for the preservation of foods and beverages.Without the refrigerators,items will start to them rottening resulting in a loss of money and customers due to a bad reputation of rotted foods The computers is most important as it contains all the businesss transactions and data.It provides order and allows information to be accessed easily,without the availability of computers everything will be chaotic.Potential for growthInternallyWe will be able to expand our initial operation by 80% by our 7th year, however expanding would mean a larger premisis which would require us to go elsewhere for the business to be successful in all its different cycloramas.We would need to buy additional delivery vehicles also an addition of ten (10) members of staff to share the extra work load.The business would have to move to a similar locatiom,near the sea, so as to not make things difficult in the purchasing and transporting of foods ExternallyIf we can acquire a good record,we might be able to expand internationally,allowing us to open branches in different countries turning CJs into a multi-national business .The business would so make more money and foreign exchange,also more exposure for the business.LinkagesThe business turns raw materials into a delicious produce to be consumed by our customers. Having a backward linkage helps the business in that there is a reduced depend ence on imported goods since local suppliers provide the raw materials for the producers.The linkage will allow the business to source fresh produce,to minimize delivery time and transport costs and to maintain a close relationship with the product suppliers to ensure product quality.Government RegulationsThe business must apply to the Commissioner of Taxes to be a registered taxpayer, the business will earn atleast at least JMD 2,000,000. The application for GCT registration must be submitted within 21 days after taxable activity has started. A temporary GCT certificate will be issued to the family upon recognize of the application for GCT. Documents to be submitted are the following1. Completed application for TRN Number Organisations2. NIS number confirming that the company is not yet liable to National Insurance. 3. Certified copy of Articles of Incorporation4. Authorisation letter if the TRN application is being made by a third party. The business will be affected by the hea lth and safety regulations ,particulary with regard to oil spills.The entrepreneur must be familiar with all legal requirements for occupational health and safety,and must ensure full compliance.Ethical IssuesCJs will make the aspect of ethical issues priority as it relates to the development of the business. CJS Cuisine will endeavour to do its trump in not to be involved in ignoring health, safety and environmental standards. The business will ensure that all these aspects meet the necessary requirement in order to avoid instances such as food poisoning .we will aim to meet a good nutritional standard for all meals,with a balance of proteins and other requirements.