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GCSE Business Studies - Starting a Business - Business Plan - Sporting Glory

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Introduction

Business Plan a) Name: Sporting Glory b) Address: High Street, Sutton, Surrey. c) Limited Company/Partnership/Sole Trader: Sole Trader - Will go public (PLC) if business is successful. d) What does your business do? The business will sell quality affordable sports clothes and equipment through a retail store. e) Date you started trading: The business will start trading early 2003, depending on how quickly the business is set up. f) Aims: To sell quality sports clothes equipment that is affordable, covering a wide range of sports and customers needs. g) Products/Services offered: The business will offer sports clothing and equipment manufactured by big well known sports brands such as Nike, Adidas, Reebok, Umbro etc. h) The Market: The market will be the sports market and the business will be targeting teenagers and young adults who want to be fit and have the latest sports and trendy gear. ...read more.

Middle

The estimated costs above for setting up the business result in having an estimated �18,000 left over from the total �60,000 investment. This can then be used to buy more stock when required, advertising, hiring staff etc. The stock will be mainly supplied directly from the manufacturers themselves such as Nike, Adidas, Umbro, Reebok, Fila, Kappa, Diadora etc. m) Premises and Equipment: The location of the business will be in a retail store situated in the high street of Sutton in Surrey. The shop will have machinery such as cash registers, security devices (cameras burglar alarms etc.), smoke alarms, computers to check stock availability etc. Most of the equipment will not need to be the latest and most expensive devices as the store involved will only be a small one. ...read more.

Conclusion

will be made monthly. p) Finance: The businessperson Murtuza Husain (myself) will provide �5,000 of his own cash as an investment into he business. He will also take out of bank loan of sum �50,000 for business investment. Money will be needed for many aspects of the business as stated below: Shop Rental: �1250 (�15,000 p.a.) Rates: �250 (�3,000 p.a.) Refurbishment: �25,000 Stock: �20,000 Total: �42,000 Left: �18,000 *All above figures are estimates. With the money left over staff can be hired, electronic equipment for the shop can be bought, the business can be advertised, more stock can be bought, the company can go public (with the help of profit earned from the business - �50,000 will be needed). As the bank loan is of �50,000, and the estimated cash income per month is �3,000, it would take about 17 months to pay back the loan (assuming all income went towards paying the loan). ...read more.

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