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Starting up a Business Coursework - Simons restaurant.

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Starting up a Business Coursework 1. (a) Simon Edwards had several options open to him when he left the army. He could have gone back into the forces in a different regiment such as the Royal engineers or a bomb disposal squad. Also, since he had qualifications in geography, he could have used that to become a surveyor, teacher or environment scientist such as a volcanologist, meteorologist or geologist. Another option would be for him to open a business of his own or become a franchisee of another business. Finally he could have retired at an early ageand settled down with his family. (b) Some of these options are better than others. Going back into the forces would not have been a very attractable move because he was looking for a change and this probably wouldn't have satisfied his want for a change in his life. Even if he decided that he wanted to join the Royal Engineers for example, he would still have had to go and train to become a mechanic which, considering his age and high rank, was not very practical. Using his geography skills and becoming a surveyor, teacher or environmental scientist was another option, but again he would have had to return to university for more training which is not what he really wanted to do. Also, being high up in the army, he was paid a reasonable salary and probably wouldn't have wanted to start a job where he was paid less, such as these options might well do. The next option was to open a business of his own. Although it would have been advised, he wouldn't have actually had to do any more training. Also, since he had been a high up in the army and was used to telling people what to do, he would have been at an advantage when dealing with any staff he might employ in his business and customers. ...read more.


Another option is receiving money from family and friends. However this would not generate nearly enough capital to what you need, although the likelihood that you would have to pay it back is severely decreased thus saving you money. Getting someone to sponsor you would be another possibility, but this would take time and persuasion and may lead to complications later on. Conclusions In conclusion, a long-term bank loan would be the best source of finance for your current situation. This is because it is quick and easy to organise and only needs to be paid back over a long period. Also it allows the customer to get hold of very large amounts of capital which is what you need. The only disadvantages to this option are that you will loose money overall because of interest and the bank will want to take something for security in case you are not able to repay the loan. Recommendations I recommend that the best course of action would be for you to take out a long-term loan from the bank because it can generate a very large amount of capital sufficient to what you need and does not have to be paid back for a very long period of time. The only disadvantage of this would be that overall you would loose money because of interest. 3. (a) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Receipts Sales 40000 20000 40000 60000 60000 100000 160000 160000 100000 60000 40000 120000 Payments Rent 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 Uniform Business Rate 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 Interest 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 Maintenance 1000 1000 1000 1000 Head chef's salary 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 4000 Other staff 8000 4000 8000 12000 12000 20000 32000 32000 20000 12000 8000 24000 Food + wine 20000 10000 20000 ...read more.


waiting staff under branch manager Specific Duties To serve the customers in any way possible to ensure satisfactory opinions of the restaurant. Duties include: * Serving the customers food. * Taking their plates away to the kitchens once they are finished eating. * Bringing the customers the bill when asked for. * Occasionally enquiring whether they are content with the service. * Being polite, kind and considerate to the customers. Location of Work In restaurant branch on the shop floor. Hours and Conditions of Work Hours vary from branch to branch, but on average 30 hours per week with negotiable shifts. One day off per week though weekends not guaranteed. Fixed salary of �5.00 per hour. 15 working days holiday per year. Simon's Restaurant Simon's restaurant is a new restaurant in the centre of Edinburgh. It hopes to match the pride of its sister restaurant in Glasgow by providing good quality food at a low price. If you think you would be able and would enjoy working at Simon's Restaurant as part of the waiting staff then the position is open to you. In specific, the job would be situated on site at the restaurant and requires applicants to serve customers, clear their plates away once they are finished, bring the bill to customer when requested and generally be polite and considerate by making sure customers are happy. The qualifications needed are very limited but applicants must be able to speak fluent English and have the right hard working, friendly personality. Other restaurant or related work experience will be greatly valued. Conditions of work are 30 hours on average per week with one day off which may or may not be at the weekend. The pay rate is �5 per hour and 15 days holiday is allowed per year. If you feel that you would like to work at Simon's Restaurant and have the necessary skills required, apply in person at to Simon Edwards at Simon's Restaurant, 32 High Street, Edinburgh for the job. ...read more.

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