BAKERBOYZ

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Name of Candidate: Ronaldo Hobbs

Candidate Number: 030028-0874

Name of School: St. Leonard’s Boy’s Secondary School

School Code: 030028

Territory: Barbados

Name of Teacher: Ms S. Griffith

Year of Exam: 2015

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 Table of Contents

Description of business....................................................................................................03

Justification of Location...................................................................................04

Selection of Appropriate Labour.................................................................................05

Sources of Fixed and Working Capital.....................................................................07

Role of the Entrepreneur................................................................................................08

Type of Production...........................................................................................................09

Levels of Production.........................................................................................................10

Quality Control Measures..............................................................................................11

Use of Technology.............................................................................................................12

Linkages................................................................................................................................13

Potential for Growth........................................................................................................14

Government Regulations................................................................................................15

Ethical Issues.......................................................................................................................16

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 Description of Business

Baker Boyz is a Partnership team of innovative energized young entrepreneurs from St.
Leonard’s Boys’ School collaborating with the Small Business Association specializing in the
production of cupcakes and cookies. With limited culinary and baking skills at inception, our
products were limited to cupcakes and brownies. Training in food preparation and baking,
enabled the expansion of our selection to include sugar cookies, cakes and our signature
Baker Boyz rock cakes.

Mission Statement

Our long-term goal is to continue to upgrade both our technical and strategic skills to support
continuous growth of expansion and diversification. Above all, we are dedicated to creating a
dynamic environment so compelling, that our customers, suppliers and co-workers will want
to participate in achieving mutual success.

Business Objectives

 To provide high quality products that will satisfy the taste buds of our valued customers.

 To gain and hold the respect and loyalty of customers while achieving sufficient profit to
finance our partnership and its growth.

 To create a healthy working atmosphere where every employee is provided the opportunity to
develop to their maximum potential.

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 Justification of Location

Baker Boyz is located at the St. Leonards Boy’s School where we were first established.

We are located in this vicinity for three main beneficial reasons:

 Our target market is St. Leonard’s Boys students, as well as teachers and students who attend
lessons making our main customers within the school.

 The school facilitated us by giving us permission to operate from the Home Economics Room
which also provides baking equipment.

 The school is quiet and peaceful on weekends and after school. Allowing us to work
efficiently.

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 Selection of Appropriate Labour

Labour Type of Labour Number of Functions of Why is this

Employees Employees type of Labour
necessary
Manager Professional 1 Manager Planning This type of
organizing labour is needed
delegating, and to ensure the
motivating smooth
workers to operation of the
ensure tasks are business to make
effectively a profit.
carried out on
time.
Professional 1 Accountant Responsible for This type of
Accountant maintaining the labour is
business necessary to
accounting keep the
records, Ensuring business finances
that the business monitored and
is making a profit ensuring that the
and has enough business is
money for running
purchasing of effectively.
ingredients.
Bakers Skilled 3 Employees Monitor baking This type of
process to labour is
identify needed necessary to
adjustments, ensure that we
handling of produce high
ingredients and quality products
cooking utensils, that are
produce customer
products by satisfactory.
following recipes
or creating new
ones, Baking the
products.
Salesmen Semi-Skilled Not specific Keeping in touch This type of
everyone with our labour is
participated in customers and necessary to
the selling of sales territory, ensure customers
goods keep track of the are aware of our
most bought products and to
products, to create a business
make a good friendly

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 image of the atmosphere
business, ensure between
that our goods customers.
are sold.
Janitors Unskilled Not specific To ensure the This type of
(Clean Up Crew) everyone also working labour is
participated in environment is necessary for
the cleaning clean and tidy for carrying out basic
patrons and functions to
workers. make sure that
persons feel
comfortable
within a healthy
working
environment.

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 Sources of Fixed and Working Capital

Fixed Capital

Assets or capital investments that are needed to start up and conduct business, even at a
minimal stage. These assets are considered fixed in that they are not used up in the actual
production of a good or service, but have a reusable value.

Examples of Fixed Capital in the business are:

We were offered a grant from the Small Business Association (SBA). Also all the employees
contributed $100 each which was used as our starting capital. The capital was used for the
purchasing of ingredients to help us start off our production. Also we had loan from the SBA
this was also used to purchase ingredients.

Working Capital

The capital of a business that is used in its day-to-day trading operations.

Our examples of Working Capital are:

Our sources of working capital would be cash left back from day to day operations and a sum
of $200 dollars by the business individuals and also the grant from the SBA of any sum of
money we need to get us on our feet. This capital would be used to buy bags for our products,
ingredients, paper to print our flyers and lastly to buy our own custom design T-shirts.

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 Role of the entrepreneur

An individual who, rather than working as an employee, runs a small business and assumes
all the risk and reward of a given business venture, idea, or good or service offered for sale.
The entrepreneur is commonly seen as a business leader and innovator of new ideas and
business processes.

Three functions of the entrepreneur are to:

 Determine the objectives of the business enterprise.

 Funding of the business to carry out its operations.

 Risk taking to ensure financial success.

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 Type of production

The type of production Baker Boyz would be engaging in is Secondary Production which
involves taking of raw materials from primary production and making them into finished
goods.

We will be taking ingredients such as flour, baking soda, sugar, butter, glow spread, milk,
mixed essence and producing our cookies, brownies, cupcakes, rock cakes.

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 Levels of Production

Baker Boyz will be engaged in Domestic Production. In this level of production everything is
produced locally and for the local market. It does not involve any imports from foreign
countries or agencies.

Baker Boyz will be buying ingredients from our country to produce them into our finished
product and selling them within our school environment.

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 Quality Control Measures

To ensure that our products meet the requirements of our customer’s quality control measures
have been implemented. These quality control measures are:

 The use of refrigeration to guarantee the quality of the products. Refrigeration has
minimum adverse effects on the taste, texture, and the nutritional value of foods.

 The bakers will be accountable for purchasing high quality ingredients, maintaining
excellent hygiene values for food storage and preparation and ensuring that all
package products leave the premises in fresh and delicious condition.

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 Use of Technology

Baker Boyz utilizes technology (Machinery) in the production process and also in the
advertising of our business.

Two types of technology used in our business are:

 The uses of Computers and Cell Phones for the benefit of social media advertising
such as facebook, instagram, whatsApp and twitter. And also for the communication
between our employees.

 The use of a printer.

The benefits of these technologies are:

 Communication technology will allow us to keep in touch with each other, allowing
us to plan work or non work hours and keeping track of upcoming events to showcase
our products. These devices will also help us in the advertising of our products to our
customers and give a positive outlook on the developing of the business.

 A printer is an essential piece of technology used in our business, it is used to print

flyers and business documents such as pamphlets used at events, to print our labels,
posters. It is also used to print the financial position of the business by the accountant.

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 Linkages

Baker Boyz will be buying, flour, eggs, baking soda, essence and sugar from local
supermarkets such as the Roxy Supermarket and Saws Shop. This will be backward
linkage.

Baker Boyz will benefit from this linkage because these supermarkets are all located
in Eagle Hall next door to the school. This will minimize transportation cost and
delivery time to the business, also we will benefit from the cheap prices of these
stores. This will also create and firm relationship with our suppliers.

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 Potential for Growth

Internal Growth Potential

For this prospective business, we will be doing great infrastructural expansion, such as
increasing staff members beneficially and also we will be expanding our premises to the
second home economics room this would accommodate our employees and high demand of
products, also more goods would be produce.

External Growth Potential

Our business will be selling our goods in local supermarkets such as Price Mart, Jordan’s
Supermarket, and to known vendors in Bridgetown. This will further our target market and
boost our sales.

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 Government Regulations

Baker Boyz will be affected by occupational health and safety requirements within Barbados
and our business will ensure that we follow all of these regulations to have a positive and
honest relationship with consumers and the government.

Our business will also need a Certificate of Registration. This will show that the business is
operating legally and the entrepreneur will not be fined for illegal operation. Our business
will also register our business name with The Registration of Business Names Acts this will
ensure that our business is not using another business name.

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 Ethical Issues

Ethical issues refer to the beliefs or practices that are a right and wrong behaviour or action.

One Ethical issue relating to the business is:

False Advertising: Baker Boyz will ensure that all goods advertised is being produce within
our business, consumers will be given a clear description of our products so there will not be
any negative impact towards our consumers and the business.

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 Bibliography

Mark Wilson with Patrice Bowen and Anthony Rogers. Caribbean Business for
CSEC® Principles of Business. Oxford

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