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

business planning

Extracts from this document...

Introduction

Munchies Internet Caf� is an internet/cafeteria business which had been establish in 2007. This essentially means that customers can have the chance to surf the internet for the price of buying a chocolate muffin. I think I have the relevant skills and capabilities of opening a business, because I have business qualifications that are required and I have also achieved an actual A-level in business. I feel that I have a good business brain and I am willing to take on challenges. With good business acumen, I feel that I should operate as a sole trader. The reason being is because it is the way many businesses begin. The requirements in intending to become self employed are relatively straight forward, and there are few restrictions about what I can do with the money I will earn. By starting up as a sole trader it is cost effective and the business is relatively cheap to establish and run. I will also have the added advantage that sole traders typically pay less tax than any other class of working people. I am very convinced that if the right resources are used then the business will come together and grow, which alternatively leads to making profit. The place where I am going to open my business is in the area of Bingley. Bingley is a small town in the city of Bradford. ...read more.

Middle

This inject of capital had been saved from a long period of time in my working life. So therefore I have avoided any charges of any kind, because it is my own money and I do not have to pay it back. My main aim for the caf� is to achieve a money-making profitable business that has the capability of expanding in the years to come. I have predicted that the business can achieve atleast �55-60,000 in 6 months, and that I have a good prospect in using the profit wisely as I have assess my current situation and I feel that my business that can be successful. I have made decisions about excluding some of the profit, about 20% to a reserve fund, which can be used in future to help maintain the caf�. The reason why I have excluded some of the profit is because if something was to occur, I will have some kind of finance to fall back on. As I am control of the business I have also decided to exclude another 20% of the profit for my own personal use. All of these exclusions will appear on the cash budget when financing the business, and I will be withdrawing them at the end of each month. Aims and Objectives Mission statement: 'to deliver the paramount of relaxation and comfort, and produce the finest home grown coffee' Short term objective: * To survive as a business in whole * ...read more.

Conclusion

I will give all I can to make my business a great success and to meet the ongoing needs of customers. Key personnel Managing Director, Head of Finance and Owner of Munchies Internet Caf� Zeeshan Hanif 27 years old 2 years in the food industry Accounting and knowledge on control finance in A-level Economics A-level Experience in interior designing Annual salary - 25% pre-taxed profit (see appendices for Curriculum Vitae) Other personnel Head of Kitchen (head chef) 1 employed expected salary: �15,000 (see appendices for Curriculum Vitae) Chef 2 employed Each earning expected salary: �11,000 (see appendices for Curriculum Vitae) Cashier 1 employed Expected salary: �9,000 (see appendices for Curriculum Vitae) I.T technician 1 employed Expected salary: �9,000 (see appendices for Curriculum Vitae) Training According to my financial resources, I have a set budget of �3500 for training. This includes the obvious health and safety training for staff to begin with. It is very important for any employee to have the relevant health and safety skills so that the business could be kept in an appropriate and clean ambiance. This budget will also include first aid training for the head chef and for me if in any case of emergency. This ensures that everyone is safe and that the customers have the reassurance of some one being there to help in any situation that could occur. By going through the process of training, the staff will understand the importance of keeping and maintaining a clean and safe environment. Zeeshan Hanif Unit 8 A2 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. I have selected a nursery because there is high demand in the UK as ...

    Population growth is expected to continue beyond that date, peaking around 2050 at nearly 67 million and then gradually starting to fall. All this shows that with the increase in population there will be increase in the number of kids hence more people will be sending their kids to nurseries.

  2. Business Aims and Objectives.

    Government The government can influence where a business place their stores as they might instruct them to place them in large unemployed areas. These are called enterprise zones. This is paid to the local authority as the business's contribution towards local services such as road repairs, refuse collection and improvement to the area.

  1. Human resources

    Family Business in Malta "Preparing to pass the family business on to the next generation is perhaps the toughest and most critical challenge facing the business owner." [Mark Camilleri, n.d.] No one is interested in the success of a business as much as its owners.

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

    * Marketing - I will spend �400 on advertising, this is isn't a direct cost as it's spent for the advertising of the whole business, it doesn't correspond with any production. * Depreciation - This is the loss in value of my businesses assets over a period of time.

  1. Implementation of ATMS at SBI. Banks in India are looking at deploying biometric ATMs ...

    The possible locations could be: � Sites at corner of 2 roads or similar vantage positions: ATM kiosks located at the corner of two roads are highly visible as people passing by on either road can see it. Similarly, kiosks located in places like petrol pumps have lot of visibility as the area is usually surrounded by open space.

  2. Business planning

    Keemto will be open for business seven days a week. Initially it will provide lunch and dinner service to its patrons remaining open until the early hours of the evening. Both cold and hot dish selections together with unique desserts will be available.

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

    This statement represents the vision or mission of the organisation. Mission statements change over time to reflect the changing competitive nature of the markets in which business sell. Mission statement normally set out to answer the following questions: * What business is the organisation in?

  2. City Kebab - Business Planning

    I am hoping of gaining an advantage of the products that the local area does not sell. This question would show me what people like and according to my investigation I would add more and different products to increase customers. Q4. What kind of sweet food would you prefer buying?

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