• 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)

    Also both websites do not sneak viruses or scam on you which helps them be user friendly, also you are able to locate yourself efficiently though the website effectively with the navigation bar which stays in the same place, this helps the user get to know the website and understand how it works.

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

    and operating and leadership skills, such as project management, personal efficiency, effective meeting management, presentation skills and facilitation. All retail employees complete basic training as well as job-specific training, as part of their overall training framework. Last year, they set themselves a target of training 95% of their retail staff and achieved 93%.

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

    Asking someone for his/her views and opinions is called market research this has to be carried out by asking appropriate questions. In marketing terms this is called survey. Sainsbury conduct this survey by face to face, through Internet and through customer's suggestion boxes by asking questions like.

  2. Business Aims and Objectives.

    Where labour is limited, the cost is likely to be higher. This is why businesses prefer to locate where they are likely to have large numbers of suitable applicants for every job. It is also the reason why wage rates are normally lower in areas with high unemployment and higher in cities, where demand for workers is greater.

  1. In this report I intend to create a detailed report of Tesco's.

    All this shows that Tesco's is a green company. They set targets to achieve and on the whole they manage to reach the target and quite often exceed the target. All the targets are to do with helping the environment e.g. fuel consumption and recycling. Tesco's performance is reviewed by the corporate responsibility committee.

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

    * The mass-market product might be in decline phase of its product life cycle, which means that it won't generate profits because the demand for the products will fall. Niche Marketing This is where a business targets a small group within a segment of a larger market.

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