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

I am interested in establishing a furniture business because I think I can provide goods to sell to customers and other companies at affordable prices.

Extracts from this document...


Business Studies Coursework The name of my business is '???? ????' I am interested in establishing a furniture business because I think I can provide goods to sell to customers and other companies at affordable prices. My products will supply comfort and style at work or in the home. The needs and wants I am satisfying are to sell stylish, modern furniture designs (from fitted offices to tables and reception desks to storage space). I think my products will sell because each item is hand-made to individual order so the standard range can be adapted during production to suit each customer's specific requirements. The products are made from many types of wood (oak, maple, beech, ash, merbau, pine, cherry, birch etc.), veneer/lacquer, wood based boards, mdf etc. ...read more.


To fill in a Deed of Partnership my partner and myself will have to decide and agree on the following (main agreements) : The capital to be contributed by each partner - �100,000 each (�2000 from other contributors - they shall get a share in profits and shares) The rate of interest to be allowed on partners capitals - 10% each The rate of interest to be charged on partners drawings - 12% each Any salaries payable to partners - separate accounts (with half of money in each) The ratio in which the remaining profit / loss is to be shared - 1/2 each We will also need to decide the working role of each partner; banking details; payment of tax; insurance arrangements; voting rights and arbitration arrangements; withdrawals and expenses due to each partner; changes in the members of the partnership; arrangements for ending the partnership; and arrangements in the event of the death of a partner. ...read more.


The objectives of my business are: 1. To break even and survive (this is very important, it means that I wont get profit but I wont have a loss). 2. Profit maximisation and sales will be the main objective (not only will I want to survive for a long time, but make profit too. The main stakeholders to benefit will be the owners) 3. Sales objectives (to make sales higher so to make more profit - this can be done by advertisement). 4. Freedom and independence (only having to talk over decisions with one other person). The stakeholders influenced will be my partner and I and all other contributors who have put equity into the business. My partner and I will each put �100,000 capital into the business (gathered from accounts and loans). There are also two smaller contributors paying in �2000 into the business. This means the business will be able to start off with �204,000. Natalie Cook ...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. Btec National Business Level 3 Year 1 - Exploring Business Activity

    Stakeholders Aims Main objectives Directors Make business more successful To direct strategy and major decision making of the business To retain control To increase their own power and status from business growth Employers/Employees Receive wages with bonus for working extra hours To receive a fair wage To ensure good working

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

    This puts houses prices down and this affects estate agents as they are not selling properties, it also has an effect on mortgage brokers, insurance companies, solicitors who draw up contracts for property sales and many other companies. Because no one is buying houses it also means that building firms

  1. External influences on business. At ASDA we have to follow the following employment legislations ...

    * For ASDA a boom stage could also mean that the majority of our customers are borrowing from the banks and this money is spent on our luxury items. RECCESSIOIN When a business is in recession for example ASDA it is described as s 'long term slump' this is where we will gradually be heading for a slump.

  2. Barclays Investigating a Business

    Without legislation people would not have guidelines to what they can and can not do. For example, it is illegal to go up and shoot someone on the street and legislation stops this from happening. As with all laws there are loop holes, like 'Double Jeopardy', however without legislation there

  1. Introduction to Business Assignment

    As a result, the end result will be that the finished goods will be of elevated quality. Furthermore, GE lighting also have in place a quality assurance procedure and employ TQM.

  2. Profit maximisation

    Monopolistic competition is a common market form. Many markets can be considered as monopolistically competitive, often including the markets for restaurants, books, clothing, and service industries in large cities. Assumptions of monopolistic competition There are quite a large number of firms.

  1. Companies under the Companies Act

    rather than a Plc (Public Limited Company). I am going to explain the difference between both types of companies. Both types of companies will have different functions and both will offer different alternatives for different types of businesses. I am also going to discuss why most companies begin as a Plc rather than a Limited Company.

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

    the dedicated app to shop ? customers receive their shopping as it is home delivered. Tesco?s are always developing new ways in which customers can shop at their business. For example, in august of 2010, Tesco conducted a trial at their store in Baldock; Hertfordshire where they conducted a new

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