Importing Jerk Sauce from Jamaica to the U.S.

Importing Jerk Sauce from Jamaica
to the U.S.
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Table of Contents
1.0 Introduction................................................................................................................................3
2.0 Business Concept Viability for investment...............................................................................3
3.0 Technically evaluation of Complete Plan..................................................................................4
4.0 Conclusion.................................................................................................................................5
5.0 Reference Lists..........................................................................................................................5
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1.0 Introduction
Jamaica exports $1.6 billion in sauces, which overtakes its earnings compared to coffee, non-
alcoholic drinks and other baked products (Gordon, 2015). The country has high income source
from export earnings, which also impacts its balance of payments. The scope of current analysis
deals with Spur Tree Spice in Jamaica which provides the country with 80% exports. The
analysis examines viability of the business in order to consider for investments, along with
processes for export consideration for the Company.
2.0 Business Concept Viability for investment
Export business constitutes a proportion of earnings for businesses based in Jamaica. The
country rich in various herbs and spices can easily source raw materials for the product (Gordon
& Williams, 2016). Moreover rise in consciousness related to organic products can easily be
manufactured by the Company and supplied to various parts of the world. The country being
abundant in natural produce has immense potential to produce and manufacture organic fresh
sauces and condiments. From analysis of the business plan’s financial statements, it can be seen
that projected profits from the business is extremely high and rising from one year to the other.
Trade and other regulatory measures in order to establish the business can easily be obtained and
overcome by means of licensing agreements. Once an entrepreneur plans to establish the
business within this type of market then the only hindrance that he has to face is in obtaining the
necessary trade licenses and then obtaining funds to set up factory for the manufacturing
processes. It can easily be understood that it is a labor and capital intensive business which has
capability to yield high returns on investments, meaning the entrepreneur merely has to do
efforts in obtaining funds at lower costs. In case the entrepreneur is able to procure funds at low
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