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Setting up a Computer Business

Extracts from this document...

Introduction

Introduction People often complain about the lack of availability of cheap computers and computer parts. This is because large companies like PC World are raising prices but they are doing it very slowly so people don't notice. For my business studies coursework I am going to place a computer superstore in the Prescot area. There are many different things I can add into my Business for example: - 1. Set up a computer superstore 2. Set up a computer repair service 3. Set up a mail order service 4. Setup a combination of them all * The advantages of setting up a mail order service is that you do not need a large place in which you will have to sell the products from you could simply buy a warehouse where you can store all of your hardware. This also means that you can stretch your business to a much bigger area because your customers can order over the phone or over the Internet. But however the disadvantages are that most of the people will not be calling just for an impulse buy I will have to spend a lot on advertising, to make sure that I will get more orders to cover the running costs. Another high cost will be the cost of the delivery and this cannot be added to the price of the computer otherwise the price of the computers will be roughly the same as the larger superstores and that could be bad for business. * The advantage of setting up a computer superstore is that it would be a place where many people could walk around and look at different types of computers. I would have to hire well-trained staff to help them with decisions. A well-advertised superstore would attract people from all over the country. The disadvantage of a superstore is that you would a large area in which to situate your business this would mean that your capital investment would have to be fairly large. ...read more.

Middle

A partner is just someone who owns part of the business. Advantages > A partnership has many of the advantages of a sole trader > Forming a partnership is a good way of raising capital as two people can often raise more money to set up or expand a business > Partnerships can also have sleeping partners. These are partners whilst owning part of the business, pay little or no time in the day to day running of the business Disadvantages > Sometimes partners do not agree on a subject and if not come to a decision quickly could put their jobs in jeopardy > Who the partners are > How much capital each partner puts into the business > What happens if one partner wants to withdraw from the business or a new partner is brought in If there is no deed of partnership the law says each partners is equal Limited companies The owners of a limited company have limited liability, this is important because if the company goes bust, they will only lose the money they put into the business, they will not be forced to sell their personal possessions. The registrar general keeps records on all U.K. limited companies. Two documents have to be sent to the registrar of companies to set up a limited company. They are the memorandum of association gives the details about the name of the company, the address of its registered office, a statement that the shareholder will have limited liability, the type and amount of share capital and a description of the business activities of the company. The articles of association gives details about the voting rights of the share holders, how the profits will be shared and what duties of the directors of the company are. The registrar of companies has to issue a certificate of incorporation before a company can begin to trade. ...read more.

Conclusion

This means that I do not have to take loss of value into consideration, which going to be one of my major worries. Before my business can start I will need to hire a solicitor to ensure that the lease is legal on the premises and find an accountant to advise on the financial side of the business. Staffing The number of staff that my business employs is very important. Staff responsibilities To be sure that my business runs smoothly I am going to need full time employees, myself and my partner, and a part time member will work on the busier Saturdays. I will in charge of the shop displays and the other window displays and both of the full time workers will be in charge of building the computers and the part time worker would only work with the customers. Recruitment It will be necessary for me to recruit my part time staff the will need to have knowledge of computers and work in a polite manner with the customers. In a interview I would ask the following questions: 1. Why do you want to work for PC Carswell Computers? 2. What knowledge do you have of computers? 3. Do you have any previous experience in this line of work? 4. How would you deal with an awkward customer? I included the last question because I think that it would help me on the decision on who to hire. Business studies Questionnaire What is your age? 11-20 21-30 31-40 41-50 50+ What is your gender? Male Female Do you own a computer? Yes No If yes, is there anything you would buy from a computer superstore? Yes No If yes please mention: If yes, would you consider replacing your computer in the nest 3 years? Yes No How much would you spend on a computer? Less than �1000 More than �1000 Can you do your own computer repairs? Yes No Would you purchase anything from a mail order service? Yes No Thank you for completing my questionnaire? Russell Carswell St Edmund Arrowsmith Comprehensive School. Russell Carswell Business Studies Coursework ...read more.

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