Type of Business This and The the rces is a sole trader business.

The name of the business will be Thompsons cattle goat ranch. It is owned and operated by one person, others may be employed. owner will bear all the risks associated with the starting and operating of business. The entrepreneur is responsible for finding the business also sou for the financing of the business.

Nature of Business Thompsons cattle and goat ranch engages in the rearing of hybrid meat goats and cows. To supply both meat demands. It operates in a secondary industry which aim s to anticipate consumers demand in the order that the right quality products are produced. The proprietor of Thompsons cow and goat ranch chooses to commence this b usiness in an effort to make a profit, to become self-sufficient and to build a good image which secures prestige in the business world. Thompsons cow and goat ranch markets their products to, wholesalers and consumers nationwide.

Objectives The aim of the business will be to produce and manufacture cow (beef) and goat m eat (mutton) at the highest quality. Our products will be sold at affordable pri ces. All customers complaint will be dealt with promptly as our customers will be our number one priority. Only second to the provision of excellent quality.

Justification of location This business will be located at 32 Robert pen in Clarendon. The location was s elected for the following reasons. It possesses the entire necessary proper infr

astructure in place (light, water). Its a peaceful community surrounded by a well secure area. The area chosen is also positioned at a relatively close distance to the town yet it is also the perfect distance away from the residential areas around and lessens the effects off any unpleasant odours that might be given off .

Selection of appropriate labour Type of labour necessary The following types of labour will be required are: skilled, unskilled and profe ssionals. The field number of employees will be ten persons (17). Employees functions and duties Professional (Vet) To monitor and maintain health of animals. To Protect animals from being exposed to diseases . Professional (Nutritionist) To make recommendations on ways to Improve standard of animals and to find the Right blends of feeds to build bod y mass on Animals. Skilled (butchers x 3) To slaughter and clean animals. Skilled (packagers x 4) To package and label meats to be transported.

Skilled (drivers x 1) To deliver and distribute meats to purchasers. Skilled (secretary) To keep track of profits and losses and to keep Track of the amount of animals slaughtered an d Sold. Skilled (security guards x 2) To monitor buildings and equipment and To keep employees safe. Unskilled (auxiliary staff x 4) To keep a clean and healthy working Area.

Reasons for types of skills listed To rear and produce a continuous supply of quality mutton and beef. The interven tion of both skilled and professional workers will be essential. A professional worker to monitor the animals health and to find ways to assist its development. Skilled workers to operate equipment and slaughter animals.

Sources of fixed capital These are assets that have long life in the business (long-term). These assets a re use to enhance the operation of the business. The following assets will be us ed in daily operations of the business are: Machinery Equipment

 Motor vehicle Building Furniture Personal savings and loans will be used to purchase these items. Working capital These are assets that change on a daily basis in the business: Cash Bank Stock

Role of the Entrepreneur Entrepreneurs seek a gap between the wants and needs of customers and the produc ts and services that are currently available. The entrepreneur then brings toget her the factors of production necessary to produce, offer and sell desired produ cts and services. The entrepreneur invests and risks their money and other peopl e s money to produce a product or service that can be sold at a profit. Entrepre neurs are unique because they re capable of bringing together the money, raw mat erials, manufacturing facilities, skilled labour and land or buildings required to produce a product or service. And they re capable of arranging the marketing, sales and distribution of that product or service. Three (3) function of entrepreneur ss. n. To operate the business so the business runs efficiently. To raise capital from savings or by borrowing loans for investment in the busine The entrepreneur is the head of the organization; he makes all the final decisio

Type of production This type of business use secondary production. The production process involves taking the raw materials and converting them into finished or semi-finished prod ucts.

Levels of production This type of business uses domestic production. The goods will be produced local ly this means in the home country. Both human and natural resources are employed and the whole economy is dependent upon what it produces from these resources.

Quality control measures Customers complaints and suggestion will be our first priority. To ensure that raw material sold must be at the highest and safest quality.

Use of technology

Technology will help to increase the efficiency of the operations of Thompsons ca ttle and goat ranch and thus reducing labor intensive cost. Technologies that pl ay a vital role in the Production department of Thompsons cow and goat ranch are the Inventory control system and the automatic feeding troughs. The inventory control system keeps track of every item in the inventory, ensuring that they do not run out of feed or order too much. The automatic feeding trough supplies a constant amount of feed to the animals e nabling them to be able to eat whenever they want. This maximizes their body mas s on a high level.

Linkages ther. Forward linkages- when one industry or sector produces the raw materials for ano

Benefits of linkage Linkages generate income. Income earned is eventually spent in the economy, and thus sets the stage for the multiplier effect to be put in motion. There are more opportunities for employment means that the people of the country can improve their standard of living.

Robinson, k, Shamils (2008) principles of business with SBA, study guide exercis es. Carlong published.

Title Page Description of the business 1-3 Justification of location 4 Selection of appropriate labour Sources of fixed and working capital 6 Role of the entrepreneur 7 Type of production 8 Levels of production 9 Quality control measures 10 Use of technology 11 Linkages 12 Potential for growth 13 Government regulation Ethical issues 15

14

Potential for Growth Internal growth Thompsons cattle and goat ranch will be employing 10 additional workers in a time space of 4-5 years. A wider variety of goods will be supplied. As the company w ill be venturing in the chicken business. A technological advancement will be ne cessary if the business will want to be able to keep up the supply for the deman ds of their products. External growth

An additional 2 branches will be opened over the island. They will be located in the parishes of Kingston and St. Catherine. A work load of 17 employees to each branch will be necessary for the efficient running of these branches. Eventuall y Thompsons cattle and goat ranch will venture in the surplus level of production to get started in the exportation of goods. The products will be exported to co untries such as South Australia and Barbados. These countries like many other in the world as a high demand for cattle and goat meat. Which is not being supplie d on a large enough scale for the people of those countries.

Government Regulations The business will make sure that the regulation set by the government wi ll be followed. The payment of all taxes will be done, the business will ensure that product meets international standards and also see to it that no employee i s being paid below minimum wage. Also the business will be legally licenses by t he buerra of standards. Impact of government regulations By paying taxes assistance will be given to the government to improve essential factors such as the transport sector. It also assists the government in providin g more incentives which in return will better the business. More revenues for jo bs will be provided helping to stabilize our economy.

Ethical Issues Business ethics is a form of applied ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to a ll aspects of business conduct and is relevant to the conduct of individuals and business organizations.This area of business ethics deals with the duties of a company to ensure that products and production processes do not cause harm.

Impact of ethical issue relating to production If the level or quality of the goods Thompsons cattle and goat ranch will be pro viding is of an inconsistent level. The business will start to lose customers wh o might get aggravated or upset by these constant flaws.

Firstly I would like d courage so I could Cameron for helping getting this project

to thank god most importantly for giving me the strength an get it done. Secondly I would like to thank my teacher Mrs. me to see that the correct steps were put in place towards finish.

Name: shaquille thompson Grade: eleven ten Date: September 03, 2 012 Teacher: Mrs. Barret