CPC30211 Certificate III in Carpentry Assignment - Desklib
Added on 2020-05-11
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Running head: CERTIFICATE III IN CARPENTRYCertificate III in CarpentryName of the Student:Student ID:Author Note:
1CERTIFICATE III IN CARPENTRYTable of Contents1.0 Introduction..........................................................................................................................22.0 Discussion............................................................................................................................23.0 Conclusion............................................................................................................................94.0 References..........................................................................................................................105.0 Appendix............................................................................................................................12
2CERTIFICATE III IN CARPENTRY1.0 IntroductionOver the past bygone years Australia has been developing as a whole. With a growth of thenation, its business industry has also seen the brighter side. According to Jarron (2014, p. 16)investors and entrepreneurs have seek to set up new initiatives as well. Among the manykinds of business in the country, carpentry is recognized not only as the peoples need, butalso as one of the growing sectors. Further, being an integral part of the construction segmentwhich earns annual revenue of $12 billion along with a growth of 0.4%, carpentry services isa highly competitive and booming commerce (Selvanathan et al., 2014, pp. 239-243).This particular project is based on a new firm called Miles Carpentry. In addition topotentiality of the company, a check on its viability and longevity in the nation has beenincluded. I started the business as I felt the business of carpentry is highly competitive andbooming commerce in the competitive industry. I felt that the business of carpentry is doingwell in the competitive market and in this field I can earn huge profit as well. I had previousexperience in this sector as I had worked in previous places as carpenter and gained someideas as well. The entire project helps in understanding my intentions in starting the carpentrybusiness and the different ways through I received financing from different institutions aswell.2.0 DiscussionAs opined by Staines and Staines (2014, p. 56), success of a company largely depends on themission and vision of its owners. It is noted that analyzing potentiality of the business helpsto locate and fill preliminary pitfalls. It is with the help of a bank loan and savings that I willbe able to bring forward an amount of $110, 000 for the business.Personally, I wanted tostart the business myself, but due to weak financial condition, I had to take loan from bank aswell as other financial institutions and my friends helped me as well. On the other hand, I wasalso pressured by his bank loan which needs to be repaid or will lead to lose of my father`s
3CERTIFICATE III IN CARPENTRYmortgaged house. Concerning, geographical location of the company, I feel WesternAustralia (WA) to be the most favourable option. The management of my company helps inrecognizing 2.6 million people in the part to be the source of $400 million sales in theupcoming years as well. I have to understand the geographic location wherein my businesswill gain success and this will help me in expanding my business in different parts of theworld as well. Moreover, with a motive to provide a modernized service to the people and thereby fulfiltheir requirements, I target to expand business into NSW and Queensland in the comingfuture. However, my carpentry named Miles carpentry will be confronted with a high degreeof competition from various established firms. I feel that these are the two areas wherein mybusiness can perform better and gain huge amount of profit as well and this will help me ingaining competitive advantage as well. As per Buchanan et al. (2016, pp. 561-578)companies like Timbecon, Procare Carpentry, Home Carpentry, Beyond Tools, andDistinction Joinery have been opposing new market entrants from the last five years.Additionally, Wilson (2015, pp. 32-34) stated that demands have grown by 52% from 2015-2017. Also, an average income of $200,000 across the state has supported growth of sector. Itis noted that there lies a large potentiality in Miles Carpentry for growth.According to Mears (2015, p. 91), in addition to fulfilling customer expectations andcommitments, the financial condition and demand growths decides viability of a newly set uporganization. In order to ensure popularity in Western Australia and also develop acompetitive advantage over rival firms, the management team of my Carpentry focuses onproviding a variety of goods and services to its consumers. Ranging from singular windowboxes and series of Versailles styled containers to complete wooden decking and exteriorprojects, the company focuses on providing high quality cheap rated products. Additionally,
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