• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

a detailed business proposal for a new business in the east London area.

Extracts from this document...

Introduction

For this coursework you must produce a detailed business proposal for a new business in the east London area. Your business proposal, or (business plan), must show that you have researched the idea fully. You must conclude your proposal by evaluating whether your idea could be successful. For this piece of coursework I have been asked to produce a detailed business proposal for a new business in the east London area. My business proposal will include different types of research and if I have a successful business. I have decided to investigate setting up a Bakery that will serve breakfast and lunch and different varieties of snacks such as cakes, doughnuts, sandwiches, chocolates, pastries, crisp also soft drinks, hot chocolate, tea and water. I want the future generations to not be obese or anorexic that's why I will be selling healthy food. I think this will be successful because there aren't many bakeries in east London there is a lot of unhealthy food shops so that's why I think it will be a great idea. It would be successful because there is very little competition. ...read more.

Middle

Also because I would have more finance than a sole trader and it would be less stressful. I would find it comfortable to share the business responsibilities. Disagreements can lead to break up of the business for this reason I think that we should have a Deed of Partnership. Also I could take more holidays and won't have to worry about anything because my partner could take care of everything while I am gone. Location It is important to choose the right location for my business because this could determine if the business becomes successful or not. I want to choose an area that will benefit my business the most. The best location for my business I think is near a school/football ground or inside a shopping mall because that's the areas that are mostly busy and that's where there are more customers and more customers mean more money/profit. My business could either be in near East Ham high street or near Ilford exchange because both areas have a large population of different ethnic minorities and that would be great for my business because I'm selling multi cultured food. They also both have easy transport access e.g. train stations, buses and trams. ...read more.

Conclusion

pay back the more interest they will add on it, but if I take the money from my family I will not push myself and that could put me in dept. I will also need enough money to cover operating expenses until I get enough revenue coming into the business to pay for expenses such as rent, utilities, business rates and the interest on my long term loan. I will also need money to cover variable costs such as the wages for my employees (chefs), the amount I spend on ingredients and cooking accessories. All businesses need capital expenditure to provide a service to begin with. Once my business is up and running and working well. I will need to borrow �15,000 in order to cope with my start up costs and to keep my business buoyant until I begin to make profit. Conclusion My business enterprise idea was a caf� in Ilford, which is in east London. I believe this would succeed because the location that I have chosen would be a great place for my business purely because the population in that are is big and my questionnaire shows that it would be a great place for my business. 1 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level ICT in Business section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level ICT in Business essays

  1. Marked by a teacher

    Unit 4 Business Studies

    4 star(s)

    online presence the content of their website can be edited daily so this helps them achieve their overall aim of keeping all their titles and websites rich in content which is relevant for their target audiences. Whereas Cars Direct Ltd, they aim to provide good quality technology which should go

  2. For my business report I am investigating the Co-op erative society supermarket.

    If these costs accumulate then it will reduce the profits. A business will experiment with ways of communication and eventually it will find the best way to convey information and data, and also the best method or retrieving information form the correct sources when it is needed.

  1. REPORT ON THE BUSINESS OF MARKS & SPENCER

    Marks and Spencer also has a tall hierarchy, the hierarchy of this business is the levels of management, and this can be done from the lowest to highest rank. It shows chain of command within the organisation the way authority is organised.

  2. The business I am going to set up is a snooker club,

    The applicant will be asked to prepare some food also so I can see if the applicant is capable for this job. Then the applicant may be appointed if he or she is suitable. As a Business owner I will have comply with many employment laws whilst recruiting and selecting employees.

  1. In this assignment I am going to produce a detailed business report on a ...

    At Tesco the administration department has a big impact on the other functional areas as it provides support services for other functional areas to operate effectively. Organisational Structures Organisational theory is common practice to illustrate the organisation by means of a structure chart.

  2. Business Aims and Objectives.

    Therefore Tesco is a service of retailing. Main types of activity * Producing raw goods * Manufacturing of goods * Sales of goods * Client of goods * Client services * Other services Main types of business activity Sales of goods This involves the selling of a good or service

  1. There are many ways in which business can be organized

    Sir Peter says a deal with Safeway would generate cost benefits of at least �300 million but conceded 1,700 jobs could go. This all process cannot be successful without the contribution of finance department of Sainsbury's. Under finance function Sainsbury has maintain two departments: 1. Finance department. 2. Accounting department.

  2. In this coursework I need to produce a detailed business report on one medium-sized ...

    Advantages: - Easy to set up - More capital with extra partners - Division of labour - specialization - Responsibility can be shared e.g. long working hours redused Disadvantages: - Partners have unlimited liability - Disagreement can cause problems - no sole decision - maker or owner - Lack of

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work