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

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

Extracts from this document...

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.

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. For my business report I am investigating the Co-op erative society supermarket.

    42.9 34.5 24.4% Trading Profit before Depreciation 69.4 55.2 25.8% Profit before Distributions 3 5.5 18. 87.4% Distributions 8.9* 6.8 31.5% Net Assets 323.8 304.1 6.5% Gearing 28.8% 37.1% 8.3% Return on Capital employed 10.1% 9.9% 0.2% These are the financial highlights for Co-op retails comparing the profit and turnover figures from 2004 and 2003 showing the improvement.

  2. REPORT ON THE BUSINESS OF MARKS & SPENCER

    If they do well they could be able to exploit economies of scale, if they grow large enough. I think that Marks and Spencer are successful in growth, and also think that they are meeting their objective. The number of people they employ can be used to measure the growth

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

    Payback - This is a simple method, which calculates how long it will take me to get the money back, which I have invested in the business. I will be able to use payback to identify the risk involved in the project.

  2. Business Aims and Objectives.

    Opportunities of Clubcard - Points can be earned at various other Tesco services such as Tesco Direct & petrol station etc, - Clubcard has extended to Ireland and Tesco Vin plus store near Calais. - Tesco clubcard popularity is growing due to the opening of more Tesco stores, such as Tesco express etc.

  1. This coursework that I intend on completing will be based around setting up a ...

    I will try and discover whether or not there is a market for these types of products in the Caerphilly area and make a choice as to what music should be sold. Once again details of will be obtained from questionnaires that I have employed.

  2. business plan and organise event

    The primary research method that I will be using is a questionnaire. The reason i decided to use this method is because it will help me to gain the most information in the shortest time period, and as I was able to target my research at a specific group of people.

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

    Centralised structure Organisations are centralised when the majority of decisions are taken by a few people at the top of the organisation and little decision making is delegated to those further down the organisational structure. Even if many important decisions are delegated to subordinates, some aspects of the business are always likely to remain totally under central control.

  2. Operating a small business.

    Professional advertising and sales promotion would be particularly effective in drawing consumers' attention to the new, motivated business. If Peter did not employ the services of a marketing expert and create a new, fresh image, then the future success of his business would be jeopardised.

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