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

Setting up a business - new business case study questions.

Extracts from this document...

Introduction

Unit 1 - Setting up a Business Case study 1: Josef's business AO1: Knowledge AO2: Application and analysis: developing your explanation and using examples relevant to Josef's business. Explain two ways in which a bank can help a new business such as Josef's (4 marks) The first way in which a bank can help Josef is by giving him a loan of �10,000 to help him to set up his business, there are many start up costs ie: equipment and computers that he will need to cover and it is important that he has enough money. Another way they can help is by offering advice; the bank can appoint a small business advisor as Josef is a young, inexperienced small business owner, they can help him with financial issues, keeping records and taxes. Would completing a business plan make sure that Josef's business was successful? Give reason for your answer. (9 marks) AO1: Kn. ...read more.

Middle

More importantly he may not run the business very well and this will lead to many problems further down the line. I think a business plan is very important to guide an entrepreneur but it must also be flexible and reviewed over time. Explain two reasons why someone might choose to buy a franchise from 'The Greenhouse' (5 marks) AO1: Kn: state reasons AO2: Ap & An give the benefits and provide a detailed explanation using examples from the case study As stated in the case study the Greenhouse restaurants are known for their quality food and quality service, the business is already a success and an entrepreneur maybe interested because they know the business will do well because of its excellent reputation, it is seen as less of a risk. Another benefit of owning the Greenhouse franchise is that an entrepreneur will receive training from the franchiser, much of the hard work is done in terms of marketing and design of the restaurants and menus etc... ...read more.

Conclusion

All of these are important in building confidence of your workforce and therefore an effective workforce. Although money is a motivator for some it could increase the costs of Phil's and Sandra's business and they maybe better off choosing other non-monetary methods to ensure they make as much profit as they can. Explain why batch production might be a better way for Connie to make cakes (5 marks) AO1: Kn: state reasons AO2: Ap & An give the benefits and provide a detailed explanation using examples from the case study Connie makes different types of cakes, birthday, weddings and other occasions, if she bakes them in batches than it will be more efficient as it can save on costs ie: cooking fuel. It will also save a lot of time as baking one individual cake at a time would take much longer than if they were baked in batches. Being more efficient will save money and help connie make more profit. ...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 People & Operations Management 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 People & Operations Management essays

  1. Marked by a teacher

    Roles and Responsibilities of Staff Members at McDonalds.

    5 star(s)

    These both relate to McDonalds well; McDonalds has over 1231 restaurants in the UK alone, which is roughly 48,000 employees in the UK (and more than 1.5 million employees worldwide). With so many employees McDonalds has to be thoughtful on how much wage they are all given, although it is

  2. Recruitment. I am writing this report to describe how each organisation plans and conducts ...

    furthermore by also taking into account the essential skills and desirable skills. Procedure for informing candidates of interview decision As once the interview has taken place we will contact you within 48 hours to notify you the outcome of the interview process.

  1. Presenting Business Information

    This type of information helps the company to know what their customer needs and wants are and by providing them with good quality products at cheap prices. For example if business sales been decreased for a year, business can easily assess why this has been the case.

  2. The main aim of this research is to evaluate the information on the human ...

    * Bring corporate business process and culture which help people in their jobs to perform tasks in better way. * To face coming from other organizations, organization must have resources which can satisfy and face challenges. * Make sure that contribution of organizational resource develops competencies of people.

  1. Motivation within a workplace - examples from Asda.

    However for older members, they often spend money on greater things such as TV?s and also buying food for the family, for this reason older member of ASDA will see this discount card as more of an incentive than younger ones.

  2. Describe the theory of Taylor. Explain how it would be implemented in Waitrose.

    Therefore having autocratic leadership style will mean that the manager will have full responsibility in training the employee successfully, avoiding any negatives happening in the business. An Autocratic leadership style will motivate staff, due to them being able to learn how the manager organises everything and

  1. HR Case Study - What mistakes did Diego make in the way he behaved ...

    Before submitting the fourth proposal, Diego should have gotten objective opinions from them about his proposal. Third, Diego did not invest himself in an effort to do self-assessment. He acquired nothing from the feedback of his boss and colleagues. He should have analyzed what was wrong with his proposals and what his boss expected for the next proposal.

  2. Roles and Responsibilities- River Island case study.

    Supervisors have to check the store for cleanliness and ensure that the store display is neat and organized before the store opens. And if the store manager is not available the supervisor steps in to manage the store activities. Supervisors hold staff meetings to discuss issues staff member may have

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