GCSE Business Studies Coursework Year 10- Mini Project-My own Business My Business is going to be a mountain bike shop. I have decided to name the shop "Mo's

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GCSE Business Studies Coursework Year 10- Mini Project-My own Business

      My Business is going to be a mountain bike shop. I have decided to name the shop “Mo’s Mountain Bikes”

The shop logo is;

I am calling my business this as it is a catchy name, and the logo is very eye-catching, and could potentially attract potential customers.

          I have reached the decision that my business will be a sole-trader as I would like to have total responsibility over the business and my employers. I would be prepared to take the risks of full liability. The advantages of a sole-trader are the following;

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Total responsibilities over employers

  • I would decide what stock etc that I would buy
  • I decide where the profits go
  • I decide my working hours
  • I don’t have a boss
  • I will decide on investment/expansion

The Disadvantages of a sole-trader are;

  • Full liability over business
  • Less capital to invest
  • There would be more burden on one person
  • I would have to pay out of my own money in order to start my business
  • If the businesses profits are minuscule, I would have to take money from my own salary.
  • I would have a lot of paperwork ...

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