Fundamentals of Entrepreneurship ENT 300 Yummy Cupcake/ Jasper Robin... [et al.]

Once a maxim have said 9/10 of the sources of the wealth in this world are by doing business and the remainder is agriculture. Holding with this saying, our company which The Yummy Cupcake has decided to venture into business of providing cupcakes as the food with mounting hopes to be successful in the world of entrepreneurships food which is getting more popular in the community and the demand is increasing. Thus, an idea of creating a potential this business created.
The Yummy Cupcake is in the form of partnership which consists of five partners. All partners had agreed as stated in agreement letter which consist amount of capital, profit and loss will be divided as stated ratio. We had chosen this form of business it is easier to secure financial assistance from financial institutions compared with sole proprietorship. Besides that, in partnership, there will be a lot of ideas, talents and skills can be pooled together for better future
management of our company in the future.