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

For my work I am setting up a marine shop selling marine items ranging from clothes to electronics.

Extracts from this document...


GCSE Business Studies Coursework Introduction For my work I am setting up a marine shop selling marine items ranging from clothes to electronics. I will be located at the bottom of the Southend highstreet near the Royals shopping complex. I have chosen this location because it is near the seafront and lots of people walk up and down here in the summer and in the winter and there is a lot of trade. The objectives of my business are to be the Essex leading supplier in marine trade and to make the maximum profit and to treat my staff well. The location is circled (above) Types of Ownership * Sole trader This is a business owned by one person, all of the profits are yours and you are also in complete control. You own the business, banks are reluctant to lend sole traders, and there is also unlimited liability, the business ceases when then owner dies. Theory work * Partnership A business owned by 2 to 20 people. ...read more.


Finance raised by selling shares Must publish annual accounts and pay corporation tax. Location The place I have chosen to place my business is at the bottom of Southend high street opposite the Royals shopping complex. The shop that is already occupying this place is called "Cash Converter". The reason I have chosen this location is because it is within walking distance of the Seafront, it is also fairly near to a number of yacht clubs including Thorpe Bay Yacht Club (TBYC). The business that I intend to base my coursework upon is "Marine Force" I have chosen this because it stocks a large range of marine equipment and is the only one in Southend. The company "Marine Force" is an Ltd (Limited Company) I think this a good choice because the company is too large to be a sole trader or a partnership and it is also too small to be a Plc (Public Limited Company). List Of Equipment Needed * 2 Cash Registers �500.00 Each * 5 Business Computers �700.00 Each * 50 Shelf Stands �25.00 Each * ...read more.


I will need a loan of at least �50000.00 to start my business and this will cover stock, rent and overheads for a year. By this time I will have made enough profit to buy more stock and will have enough money to pay the next years wages and have a good profit but I will not have yet broke even. Capital When you think about setting up a small business you will need to borrow some capital unless you have an adequate amount of capital to set up your business. There is always a risk in setting up a business that's why nearly all large businesses have limited liability so their home and belongings are secure and cannot be taken away this is because if the company got into a big debt the owners and the shareholders will be left homeless and with no car or belongings and no money so limited liability is mainly for security. I will not need any planning permission for the business I am having because there is already a building there and I am not planning on having any extensions or alterations to the premises. ...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 Structures, Objectives & External Influences 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 Structures, Objectives & External Influences essays

  1. Marked by a teacher

    ASDA's Ownership

    4 star(s)

    ASDA operate through a wide range of specialist services. They include: * TV shopping - SKY ACTIVE * Internet shopping Wines Plus are only a local store and only operate in high street. ASDA operate both locally and nationwide. They operate locally as they have little stores called ASDA FRESH.

  2. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    laws against restrictive business practices to reduce competition for example Tesco could not agree with Asda to set their prices. There are also laws to prevent businesses dominating a particular market. For example, when Safeway's was sold to Morrison's, Morrison's had to sell some of their stores to other supermarkets

  1. Modelling Assignment- The school tuck shop

    =E7-4 =E8*D8 0.14 =C8+0.01 =C9-B9 =E8-4 =E9*D9 0.14 =C9+0.01 =C10-B10 =E9-4 =E10*D10 0.14 =C10+0.01 =C11-B11 =E10-4 =E11*D11 0.14 =C11+0.01 =C12-B12 =E11-4 =E12*D12 0.14 =C12+0.01 =C13-B13 =E12-4 =E13*D13 0.14 =C13+0.01 =C14-B14 =E13-4 =E14*D14 0.14 =C14+0.01 =C15-B15 =E14-4 =E15*D15 0.14 =C15+0.01 =C16-B16 =E15-4 =E16*D16 0.14 =C16+0.01 =C17-B17 =E16-4 =E17*D17 0.14 =C17+0.01 =C18-B18

  2. For my portfolio, I was asked to do an assignment on two businesses. I ...

    want their company to perform well as well they do not want to spoil the reputation of the company. If Tesco is not performing well the shareholders will not buy shares in Tesco. If shareholders decide to sell their shares this will make Tesco decline and the employees and the

  1. Introduction to J Sainsbury plc

    Position is the main source of power and rules and procedures are the main source of influence. An alternative to this would be a person culture. This is where individuals are central within the organisation, which is most important. The organisation exists only to serve the interests of those within it, for example, partnerships.

  2. Investigation into Cadbury's Plc.

    From 1994 to 1998 the profit has increased from �575 million to �609 million, an increase of 6 %. These are recent statistics (1999-2000) for Cadbury and Schweppes, which still show that Cadbury and Schweppes is an ongoing successful business.

  1. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    The activities that I think that have been key factors for Tesco?s in achieving their aims & objectives are Marketing Activities, Team working and Enterprise Skills. On a rank of 1-3 (1 being the Highest and 3 being the lowest), here is what I think are the most important factors: 1.

  2. Unit 32 M1 The Need for Health and Safety at Work

    It can be used to record details of injuries from accidents at work that employers must report under the Reporting of Injuries, Diseases and Dangerous Occurrences Regulations (RIDDOR). Control of substances hazardous to health (COSHH) 2002 The control of substances hazardous to health is to help the person to be

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