The proposed business to be established will be the manufacturing of furniture. Antigua’s Furniture Factory is the name of the business .Which will be located at the junction of Bendals main road and All Saints main road. The purpose of sitting up this type of business is to answer the call of the demand for high quality furniture and the high cost of obtaining quality furniture for individuals and also help in the eliminating of unemployment and help to provide a better way of life. The material used for the business to manufacture our high quality furniture will be obtain from South America and other countries who production carries many different types of wood and high quality of produce , so that our domestic and commercial customers will have the best quality furniture. We will provide a wide variety of furniture and at a low and reasonable price and also at a competitive rate. The legal structure of my business will be that of a sole trader, since it will be easier and relatively less expensive to star, and hence will be able to work flex able hours to bring the business up to perfection.
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An entrepreneur is a person with a good eye for business opportunities and taking risk, He invests what he has to start a business in the hope of expanding the business to better our future. The entrepreneur raises finance before production begins, he employs, coordinate and reward the factors of production for their resources and he ensures that the factors of production are used in the correction proportion
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The business will utilise the use of the appropriate technology available such as computer, telephones, fax machine photo copier and machine that is used to build the furniture, compressor, electric saws, sanding machine, carving tools etc. The machines will help in the production of high quality furniture production that also provides beautiful finishes that the appearance would attract