POB SBA
Description of the Business D’s fitness facility is a sole proprietorship which provides a state of the art fitness centre and it provides spinning and aerobic classes. Nutritional consultation and child care services are also available for those who wish to have a membership.
Justification of location
D’s fitness centre is located at #4 Henry Street, Montrose, Arima, Trinidad. The location was chosen because of the easy access to transportation, due to the fact that the area chosen is safe and secure and because of the high population there.
Selection of appropriate labour
My business requires skilled, semi-skilled and unskilled labourers. At D’s Fitness we have 8 employees. There are:
2 Fitness bar cashiers for serving the members of the gym health foods
3 Gym instructors used to encourage and motivate the clients of the gym
2 Day-care babysitter are used to care for one’s child while they workout
1 Cleaner needed for when the work day is over
These types of labour are necessary because a wide range of workers are needed in many different areas for the complete running of the business.
Skilled labour is required because the business needs professional workers who know what they are doing in the specified areas and to ensure that no injuries occur to any of the members.
Semiskilled labour is needed because it is necessary to have people to care for the children of the members of the gym.
Unskilled labour is used because no skill is required to complete the tasks required to be done.
Sources of Fixed and Working Capital My fixed capital was a loan obtained from the Republic Bank Limited. It was used to purchase equipment needed for the gym. Items such as dumbbells, weights, barbells, spin bikes and treadmills. My working capital was obtained from my personal savings. I bought fruits and drinks for the fitness bar and other items such as foot gear, gloves and hydration packs.
Role of Entrepreneur An entrepreneur is one who manages or operates a business.
Justification of location
D’s fitness centre is located at #4 Henry Street, Montrose, Arima, Trinidad. The location was chosen because of the easy access to transportation, due to the fact that the area chosen is safe and secure and because of the high population there.
Selection of appropriate labour
My business requires skilled, semi-skilled and unskilled labourers. At D’s Fitness we have 8 employees. There are:
2 Fitness bar cashiers for serving the members of the gym health foods
3 Gym instructors used to encourage and motivate the clients of the gym
2 Day-care babysitter are used to care for one’s child while they workout
1 Cleaner needed for when the work day is over
These types of labour are necessary because a wide range of workers are needed in many different areas for the complete running of the business.
Skilled labour is required because the business needs professional workers who know what they are doing in the specified areas and to ensure that no injuries occur to any of the members.
Semiskilled labour is needed because it is necessary to have people to care for the children of the members of the gym.
Unskilled labour is used because no skill is required to complete the tasks required to be done.
Sources of Fixed and Working Capital My fixed capital was a loan obtained from the Republic Bank Limited. It was used to purchase equipment needed for the gym. Items such as dumbbells, weights, barbells, spin bikes and treadmills. My working capital was obtained from my personal savings. I bought fruits and drinks for the fitness bar and other items such as foot gear, gloves and hydration packs.
Role of Entrepreneur An entrepreneur is one who manages or operates a business.