Captial
Cost: $40,000
Overall Cost: $150,000+
Lunar Legacy will need ovens, microwaves, buffet tables, chairs, utensils, plates, brooms, mobs, and all that good stuff that is needed for a restaurant. These tools and equipment are needed to make and serve the food to the consumers. No consumer is going to come to a restaurant that has nothing in it. Without the appropiate tools to run any average restaurant or beyond, the business will fail and not rise up.
We only need one overall building that is specially designed for the theme and purpose of the restaurant which is also relatively big. Our restaurant has a bit of a complexed interior so it does use up a lot of resources. There is one main lobby where you can actually take sambles of the foods from different cultures from around the world. Here, you can also enjoy full-on American food and entertainment as well. If you want to explore and eat foods from a specific culture that we have then you can come and go to the different rooms that are designed and decorated for a specific culture. The kitchen is wrapped around 3/4th of the building so that you can actually have the buffets directly delivered to each room. There will also be two restrooms that is linked to two rooms and the main room as well. There is also a front Lobby where you will wait to be served and help you with the locations and information about everything in the restaurant. There is also passages in each room going through the kitchen that will lead you to the outside meeting areas. Check out the link below to see the layout of the restrauant.
The way Lunar Legacy is designed is to help to bring cultures together without mixing and getting them mixed up. We want to give people the experience of a life time and to serve one of the true purposes of America; a place of multitude and fairness. We want something new and unique to the people. Come join us and feel like you are traveling around the world.
Our business might need around over $150,000 to start out. Lunar Legacy will do fundraisers, get involved with the communities, and even recieve federal assistance in preparing for the restaurant and later pay back through the marginal benefit we gained.
Factors of Production
Capital & Entrepreneurship
Like every or most businesses, we also follow the factors of production. This page will descibe to you about the uses of capital and entrepreneurship. Captial, also known as physical capital, involves the use of goods that make other goods. It is also involved with interest and making investments in your business. Entrepreneurship is in charge of making profits that are obtained through the business and posting advertisments and promote ways that can access a business.
Entrepreneurship
Logo: ✴🌙✴
We even follow a specific management structure that holds the business together. Quite a bit of it was discussed while we were talking about under Labor.
Aside from the owners of Lunar Legacy, the managers are the one's in charge of the restaurant. This group is considered the top management. They are have the responsiblity of ensuring the safety and well-being of our restaurant and making sure things are running smoothly. The top management are the ones in charge of staff meetings and changes that are made to the restaurant.
In the middle management, we have the assistant managers and the chefs. The chefs are in charge of the kitchen that makes food for one individual room while the assistant managers are in charge of one of the individual rooms. They can advise the managers of situations and can get actively involved in different kind of staff activities. Assistant managers are in charge of the staff and what happens in that room. If anything were to happen and negatively affect the business, it will be their responcibility to fix it.
Finally, you have the lower management. These are your average workers and possbily new ones as well. The lower management includes the waiters, waitresses, janitors, and cooks. There job is respected and what they need it taken into consideration by the assistant managers. There voice do matter and is part of the backbone of the restraurant.
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Entrepreneurs take several risk when it comes to running and keeping your business alive. The biggest risk an entrepreneur might take is when their marginal costs exceeds their marginal benefits and the investments that were made to bring up the business went away as the business failed. They do not know if the business would be successful or not which is the biggest risk possibly someone could take when running a business.
Smaller risk could include something like trusting an employee. There are times when you trust someone and then they backstab you in the back. Entrepreneurs risk that nearly everyday when hiring a worker whom could possibly be stealing money from the cash register.
These only two of the many risks that entrepreneurs face. A business is not done easy. In fact, it is done hard.