• 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...

Introduction

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.

Middle

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.

Conclusion

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

    It can make all the decisions as it cannot be outvoted by the other shareholders. A merger happens while both businesses join to form a single company. A merger is very similar to take over except the existing shareholders of both businesses retain a share interest in the business.

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

    Public sector companies struggle, as the government has to make cuts, the government have less tax income, and have to pay more out in state benefits and they also spent a huge amount of money bailing out the banks. Small businesses and start-up businesses will suffer a lot and will

  1. Introduction to Business Assignment

    This function principally manages and forecasts the capital expenditure surface of the business. 5.1 This department will also help to ensure that as little as possible debts are attained so that customers do not fall back on payments and by the department checking this by employing the usage of records i.e.

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

    busier, therefore we require more staff that is why we take on more workers so instantly the unemployment levels would be low. Fear of excess borrowing by customers/rising interest rates: At ASDA we view a boom stage in two different ways: * During a boom stage for us many of

  1. Barclays Investigating a Business

    If pay is low people decide to save the money they have and are less likely to spend it. For Barclays this means that they would have more people using their savings accounts. * GDP If the gross domestic product is high this means that resources are good and the

  2. Applied Business Studies Unit 1: Investigating Business

    The packaging should also have a safety logo to show that it has been tested and is safe and legal to sell aboard. UK Government The UK government is a key external influence as there are the body who

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

    This then shows that Tesco?s are caring for the needs of their customers and the customers would take note of that ? this in-turn contributes to the success of Tesco?s achieving their Aim ?To be the most highly valued business in the world? because the customers will highly value Tesco?s

  2. Applied Business. Investigating a business Preston Manor High School

    Furthermore, purchasing these modern technologies means that Preston manor is achieving their aims & objectives to ?To develop the school effectively, develop innovative teaching and learning strategies improve their monitoring, evaluation and maintain & enhance school performances?. This aim is to develop the school effectively and the school is doing that by providing the latest technology.

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