In this business it will need fixed assets in this industry such as oven, showcase, mixer, freezer, motor vehicle and machinery and equipment. We will be pooled 50,000 from friends and family we will also borrow a 100,000 from a financial institution. The entrepreneur will put 125,000 savings in the business. The working capital which is or day-day use of liquidity assets in the business, we will sell shares to shareholders hoping to receive at least 100,000 which will be used as our working capital. The business will start to earn income and the working capital will be used to pay wages lighting water rent etc and entrepreneur will find the money to pay back the loan within 1 years.
Type of Production
The type of production this business organization will be operating under is the secondary and tertiary production. Reason being for this action is that we will be converting raw material to finish goods then those finish product we will be using to satisfy the needs and wants of our customer hence, we will be providing personalized or direct services; we will be using our skills and talent to provide healthy and freshly baked products to satisfy the need and wants of our citizens and tourist. This business will should make a drastic contribution in the sector of tourism because we will be providing for them also.
Quality Control Measures
The measure that will be put in place to ensure that the food/product and customer service is at best quality is that when each customer purchase something they will receive a little questionnaire and then they will have the opportunity to leave a feedback based on the product they buy and the customer service they receive and the questionnaire will a little footnote that state that this information is strictly private and confidential. So this will gives us the chance to know if we are providing this best service and then this can us to keep up the high