• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14
  15. 15
    15
  16. 16
    16
  17. 17
    17
  18. 18
    18

A Feasibility study into starting your own Business

Extracts from this document...

Introduction

A Feasibility study into starting your own Business K.O. Boxing club Contents Introduction Equipment Local research Cash flow Swot analysis Questionnaire Location property search Objectives K.O. Boxing Club Feasibility into starting up a Business The business I have decided to start up is a boxing club which will be located near the centre of Brierfield. Being a resident of Brierfield I can say that this area is deprived of facilities for the youth where they can go enjoy themselves while staying fit, also this boxing club will attract those teenagers who have nothing better to do except wonder around streets and vandalise property, their has also been a raise in interest in boxing because of what great heights Amir khan(Olympic silver medallist) has reached and therefore more people have decided to pick up boxing up as a sport. I believe this boxing club will be a success in Brierfield because the nearest boxing club is around 2 miles away and the this boxing club will have different boxing facilities for the users including angle bags, maize bags, double end bags(floor to ceiling) and much more. The USP of the club will be that it will have an Elevated Everlast boxing ring these rings are one the finest available and are recommend for all for boxing clubs, I believe this will be the boxing clubs USP because ring will attract those people who want to know how it feels once you are sparing in a ring. My decision to start-up a Boxing club was also influenced by the fact that I also go to a boxing club and am interested in this sport I feel this is a sport which allows you to have fun and also keep yourself fit and in shape. ...read more.

Middle

OR If you don't pay the one-off fee it is �5.00 each time one comes to the club Nelson Boxing Club: This is located in nelson this boxing club does not have much facilities it has the basic equipment which includes lightweight punch bags and speed balls. This boxing club is only open twice a week. This boxing club charges a price of 3.50 and there is no membership scheme. Bodies In Motion: This is a gym which is located in the centre of Brierfield which mainly provides weight facilities, and fitness machines which include rowing machines, treadmills, exercise bikes. This gym main priority is to improve people's fitness. Bodies in Motion is a gym which is free This information on local competitors will be useful to me to determine what price to set and what kind of equipment will be necessary. Cash Flow Forecast For K.O. Boxing Club January February March April May june July August September October November December Cash Inflow sales 1504.5 1652.5 1800.5 1800.5 2102 2403.5 2555.5 2403.5 2255.5 2255.5 2102 1800.5 membership funds 4596.5 464 464 0 913.5 913.5 464 0 0 0 0 0 Total Cash in 6101 2116.5 2264.5 1800.5 3015.5 3317 3019.5 2403.5 2255.5 2255.5 2102 1800.5 cash outflow Rent 995 995 995 995 995 995 995 995 995 995 995 995 advertising costs 200 200 200 200 800 800 800 200 200 200 200 200 Telephone 10.49 10.49 10.49 10.49 10.49 10.49 10.49 10.49 10.49 10.49 10.49 10.49 Electricity 45 45 45 45 45 45 45 45 45 45 45 45 loan repayment 431.92 431.92 431.92 431.92 431.92 431.92 431.92 431.92 431.92 431.92 431.92 431.92 Total costs 1682.41 1682.41 1682.41 1682.41 2282.41 2282.41 2282.41 1682.41 1682.41 1682.41 1682.41 1682.41 Net cash flow 4418.59 434.09 582.09 118.09 733.09 ...read more.

Conclusion

This question is useful to the boxing club because it allow me to see what equipment is necessary and which will the most used. This answer to the question will allow me to determine what the best source or sources of advertisement would be for this boxing club as seen in the graph it shows that a majority of people believe posters at local shops to be the right source of advertisement. K.O. Boxing Club Objectives This main objective of this business club is to try and make people active and come to this boxing club so they stay fit and in shape this will also take them of the streets and get them doing something they enjoy and good for them. Another objective of K.O. Boxing club is that not to let its sales drop this would be done by the service of the club and the different facilities it provides to the users so once a user comes to K.O. Boxing club they would use are facilities again and again. To see if these objectives have been met I will need to look at the cash flow statement and see if the sales have remained constant and not decreased. My secondary objectives are to have a positive net cash flow balance at the end of the year and to have a profit in the closing balance at the end of the year. So see if these objectives have been met I would once again need to see the cash flow forecast of the boxing club. To achieve these objectives K.O boxing club would need to attract new users each month and whilst keeping their regular users. Whereas to end the year with a positive net cash flow K.O. boxing will need to have less money going out such as costs and more money in from sales and membership funds. ...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 Marketing & Research 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 Marketing & Research essays

  1. Assignment 1, Starting a small business

    For ASL to operate I will consider having a license, as operating with no license will make the run of my business illegal. Contacting the Solihull council will allow me to gain a license for my business. The license ASL require are: * Hygiene license * Business license * Smoking license (A2 license)

  2. BTEC BUSINESS UNIT 2

    This may include market research, advertising or sales promotion, the creation and development of a website or web store (although it may be undertaken by it staff). The sales department is responsible for selling items to customer and keeping a good sales record.

  1. Business Coursework - Setting Up A Small Business

    Transport links aren't just restricted to public transport. There is a large variety of different Taxi companies, mostly based by the station, where you will find an abundance of taxis. AGM Cars Ltd Dial-A-Kab Station Yard/Weybridge Station, Weybridge 92 Church St, Weybridge KT13 8UD KT13 8DL T 01932 858585 T

  2. I am going to be writing about the concepts of marketing distinctiveness of the ...

    At first sight they don't have current customers so they have to investigate who are likely to be there customers by looking at what products are best sold and what customers are willing to pay for them, what the programmes, newspapers and advertising they watch or read and lastly what restaurants they visit.

  1. Unit 2 Investigating business

    A business aim is like the goal of what the business wants to achieve. It may have several aims which they hope to achieve. Other businesses aims are too survive which you will need if your business is too grow bigger in the years too come.

  2. Business Coursework - will be investigating the use of the internet by English Country ...

    Contact details should be easily accessible and should only be landlines not mobile numbers as it puts people off. There should be no mistakes and all links should be working. If possible, it is a good idea to have an easy web address to remember especially staff as it is

  1. Applied Business Studies

    After looking at the National Business Register, I can pick out a few names which would be suitable for my business: * Actors Vision - this name is direct, all actors and director want the best props, all the lighting, sound systems, and costumes and they will want to go

  2. Research into Business Plans

    or niche in the market ? known as aims which the business is heading to work towards. When making aims official, many businesses create a written statement which details their aims and is known as a ?Mission Statement?. For a business to be successful, it needs to have an aim

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