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Name of candidate: Jamie Drummond
Subject: Entrepreneurship
Candidate #:
Centre #:
Territory:
Teacher: Mrs. Coote
Year: 2015
Topic: Automobile Industry
Pat’s car rental
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Table f Content
Chapter Pages
Acknowledgement................................................................................................................3
Introduction..........................................................................................................................4
Aims and Objectives..............................................................................................................5
Methodology.........................................................................................................................6
Review or industry.................................................................................................................7
Presentation of interview......................................................................................................8
Impact on self.........................................................................................................................9
Conclusion ...........................................................................................................................10
Questionnaire.......................................................................................................................11
Presentation....................................................................................................................12-15
Appendices...........................................................................................................................16
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Firstthe researcherwouldlike tothankthe entrepreneurwhomhe hadcollectedinformationfrom to
understandandcomplete thisS.BA.Specialthanktothe researcherfatherforassistingthe friends inthe
way theydid.The researchercouldnothave done itwithoutthem.Special thankstothe researcher
teachers for takingthe time outto ensure thathe got the jobdone correctly.Yourhelpishighly
appreciated.Againthankyouall.
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This project is an extensive research on the automotive industry. The articulate route of
reasoning throughout this research will awake the awareness of the reader into the importance of
entrepreneurship. The need was clearly observed that in order to gather substantial and detailed
information, contacts must first made with the most experienced and efficient business
organization. Therefore Pats Car Rental was identified.
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Aims and Objectives
The aim of the projects to find outhow profitable andbeneficial itistobe in the automobile
industry.
The objectivesof the projectare to:
Findout howto applythe differentmethodsof creativity andinnovationinthe processof
creatinga venture.
To learnhowto identifyopportunitiesanduse themwisely.
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Justification of Methods Used
Interview
The interviewwill take 10-15 minutesandthe total amountof questionsthatwouldbe askedisfive (5).
Thismethodwasusedbecause itgivesimmediate feedbackandmore in-depthinformation will be
collected.
Questionnaire
One copy of the questionnairewashandedtothe entrepreneurand he wasgive a maximumof thee (3)
weekstocomplete the questionnaire. Thismethodisnottime Consumingandcan be done at the
convenienceof the entrepreneur.
A questionnaire wouldgive the individualsufficienttimetoanswer the questions.
Observation
Observationhelpstovalidate informationcollectedbymeansof the questionnairesorinterview inorder
to provide authenticinformationonthe entrepreneurcharacteristican attitude.
Limitations
Due to the unavailability/absence of the entrepreneurthe researcherdidnotcollectall the vital
informationhe hadintendedto.
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The automobile industryisaveryprofitableandhasseveral differentsectors.The mostcommon
businessesin these sectors are the gasstationthey,auto mechanics, car wash,insurance companies
ECT...
Dependingonthe specificsectoryouare in will determinethe amountof profitthatyouwill make.
Some of the differentareashave muchpersonsinvolve whileinothersthere isa great demandformore
people tocome in.Most Jamaicanare discouragedbythe governmentstarttheirownventure because
of the demandingtaxesthattheywill have topay.Inareaswhere theyare too many personinvolves the
cost/price ortheirservice/goodslowerstohave acompetitive edge overtheircustomers,andafterthe
governmentisthroughtaxingthese businessthere isn’tmuchleft.
Some entrepreneurincrease theirpricestoaccommodate GCTbut theircustomersoftencomplains
aboutit or theyfindanotherbusinessthatisofferingthe same goodsata cheaperprice
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Mr. Roan Wedderburn started his venture on July 4th 1995.
Mr wedderburn use to operate a taxi in Negril and he developed a passion for car’s and decided
to start a automotive business of his own. Pat’s car rental currently employs six persons, they
have a lot of competitors but they are not a threat to them because they create a relationship
their customers so that they will always visit again.
Mr. Wedderburnhastocontinue toapplyinnovationtohisorganisationbecausethe successof his
venture dependsonit.The businessisata verygood locationbecause everyone hastopasstheirin-
orderto get into the townthe businessisveryprofitable butrequiresalotof personal time.
GCT isguarantee form everyregisteredcompany.GCTaffectsPats carrental in a negative waybecause
theyhave to add the percentage of GCT requiredbythe governmenttotheirservice andmosttimes
theircustomerscomplainaboutitthe prices.
It the businesswasindepththeycouldacquire moneyforthe profittheyhadsavedfromthe company.
Pat’s Car rental and Taxi began operating July 24, 1995 in the Town of Savanna-
La-Mar Westmoreland. Since then they havealways striveto fulfil their motto of
“Going the extra mile” The Company has grown significantly with a rangeof
vehicles including SUV’S. Pats Car Rental ensures that you travelin comfortand
style. They are committed in providing their customer with quality and reliable
services. They are proven to be both effective and efficient in their service. Their
personnel’s aretrained to tend to the changing needs of their client, therefore
resulting in a high rate of returning clients. Pats car rental and taxi provides you
with a fully insured car of your choice, with unlimited mileage, and a map of
Jamaica. At their customers requestthey will be happy to providetheir clients
with a chauffeur at a reasonable daily rate. Their rats are among the most
affordablein Jamaica and the Caribbean, and they are license by Jamaica Tourist
Board. Their new and improved office s located at 5 Lewis Street Savanna-La-Mar.
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Thisprojecthas motivatedme tostart a venture of myown butit alsocreatedsecondthoughtsinmy
mind.
The main reasonwhymostentrepreneursstarta venture istomake interestandthe automotive
industryisveryprofitable andhasspace fornew marketsincreative thinking.
On the otherhand mostof the businessinthisindustryrequires alotof personal time andtravelling.
Most of the productsthat youwouldbe sellingwill be comingfromforeigncountrysoyouwouldhave
to importthe productsfor yourbusiness.
Finallygettingaloantostart a businesscanbe veryhard andthemafteryou have implementyour
venture youwill have toregisteritandthenyouwill have topay taxestothe governmentwhileatthe
same tie payingback yourloan.
So thisprojecthascreateddoubtsand motivationinmymind.
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Conclusion
Mr Wedderburn business has been proven to be very profitable. Like any other business pats car
rental has current challenges which they are working on, I was able to debunk the myth all you
need is a good idea to start. Even though a great idea can start a venture you will also need other
requirements of the entrepreneur such as management which is critical in the survival of any
business.
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Questionnaire
1. When did you start the business?
2. Why did you start the venture?
3. Did you have any work experience before you start the business? Yes NO
4. How were funds accessed to start the venture?
5. How the opportunity did present its self to you? How many employees do you currently
employ?
6. What is the start up date of the venture?
7. What effect does GCT has on your business? Do you offer your services to other
communities or places?
8. Do you have competitors? Yes no
9. Are your competitors a threat to you? Yes no
10. Do you have a completive edge over your customers? Yes no
11. Is your business profitable? Yes no
12. Are you in a partnership?
13. How do you apply innovation to your business? yes no Are you at a good
location? Why? Does the venture require a lot of personal time?
14. What is the overall performance of the business?
15. If capital is needed how will you get it?
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Presentation
Thisgraph shows the growthper yearthat Mr. Wedderburnventureexpandedandgrew.
Thisgraph shows that the venture grewsteadilybetween1995-2003, and from 2003-2007 the venture
grewby a small margin.From2007-2015 the businessexpandedsignificantlymore thatithas forthe
past 9 years.
0%
10%
20%
30%
40%
50%
60%
1995 1998 2003 2007 2010 2015
Growth of venture
Growth of venture
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Thisis showingthe characteristicsof Mr wedderburn.
characteristics of the entrepreneur
Persistence
Hard Workng
Self-confident
Achieement oriented
Visionary
Innovative
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Table showingthe entrepreneurwork experiencesandeducationbefore he startedhisventure
Thistable showsthat he entrepreneurhadworkexperiencedandwaseducatedbefore he startedhis
venture.
Thisgraph isshowingsome of the challengesthatRoanWedderburncurrentlyfaces
Work Experience before
venture
Education
Taxi Operator CXC/CSEC/CAPE
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This graphshowsthat Mr. Wedderburnmainproblemsthathe currentlyfaces.
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5
GCT Getting Qualitiy
Vehicles
Pricing His
Services
Figure1
GCT
Getting Qualitiy Vehicles
Pricing His Services
