In my assignment I will be finding out How Businesses Develop. I will be choosing two companies

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Introduction.

In my assignment I will be finding out How Businesses Develop. I will be choosing two companies.

The first company is Belvoir which is a letting agency. Belvoir was founded in 1995 by Mike and Stephanie Goddard and the first franchise Elgin was launched in June 1996, it now has over 80 franchisees. Belvoir is now recognised as the fastest growing and arguably the largest specialist lettings Franchise Company in the UK.

Belvoir has achieved this success through careful selection of the right people to offer the Belvoir franchise and the consistent application of sound business principles in guiding the individual franchisees to their success.

For the franchising concept to work there must be an even balance of benefits and Belvoir has spent significant resources in developing a number of unique and important products for their franchisees.

Belvoir is offering Business Opportunities throughout the UK, based on sound franchising principles, to own and run a Residential Letting and Property Management Agency.

Belvoir's Aim

Belvoir's aim is to provide every community in the UK with a professional lettings service which embraces the principles of quality and customer care.

The second company is Tesco. This is a company which sell variety of goods such as groceries .Tesco was founded in 1924. Over the past 79 years, as the retailing market has changed, the company has grown and developed, responding to new opportunities and pioneering many innovations. Today it is Britain's leading food retailer.

The founder of Tesco was Sir Jack Cohen. He used his gratuity from his Army service in the First World War to start selling groceries in London's East End markets in 1919. The brand name of Tesco first appeared on packets of tea in the 1920s. The name was based on the initials of T.E.Stockwell, a partner in the firm of tea suppliers, and the first two letters of Cohen. The first Tesco store was opened in 1929 in Burnt Oak, Edgware.

Task 1

In this task I will be explaining the ownerships of each business that I have chosen to investigate on and explain the business activity and the ownership of the business.

A franchise is a way of owning a business without taking the risks of starting up your own. Belvoir is an example of a franchise. This is enterprise where a small shop is run by a franchisee, which has been given permission by a franchiser to operate the business. The franchiser is an organisation that owns and controls the products that are being sold in that business. The franchiser is the person who supply's the raw materials or stocks for sale for the business they also provide displays for the shop and give advice and help to the franchisee. The franchisee has the responsibility of running the business and they can also keep most of the profits made by the business.

Franchises are operated in areas. These include:

Care services for the very young and the elderly

Goods and services sold to the customers.

Production plants

Tesco is a business which gets there product themselves and some of there product come from outside. Like the clothing they get are from other companies. In the business the main franchisers are the customers. The customers are the people who buy the products and the whole point of the store is for the customer and their needs of the goods which they need for their daily life and they have it so the company themselves can make a profit. With this Tesco is making money and also helping people by providing the goods which every person needs or uses. Customers are pleased with they way Tesco is organised. This way Tesco is making a profit and getting more customers.

Belvoir provides a high level of on-going support to the Franchisee to ensure that the business is up and running quickly and efficiently and that any problems or queries are resolved immediately and satisfactorily

Marketing - Using our recognisable brand, through the national network, we will assist with PR, local campaigns, national advertising, your website and we can provide a library of marketing material for your use which is updated constantly. Head office will design brochures, leaflets and other promotional materials and also help assist with buy-to-let evenings.

IT - You will have ongoing training and support with our bespoke lettings management system, which also gives you access to the Belvoir bulletin board that provides a wealth of help and advice.

Support - Head office will provide a legal help line which can help on any legal issue or advice you require in the lettings market answered and updates issued to you. Accounting advice for your business needs. An area manger will be able to help with any queries or advice in the running a lettings franchise.
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Training & development - On going training courses are held at Head Office for Franchisees and staff members covering a wide rang of issues from customer service to management skills, as well as access to NAEA qualifications at discounted rates. Regular seminars are held at Belvoir's prestigious Head Office in Grantham and provide franchisees with a chance to meet and listen to eminent speakers on a variety of important topics to further develop their skills to grow their business.

Research & Development - Research and development into new products, marketing tools, in house systems, Internet etc. ...

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