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

Starting Up a business selling computer systems

Extracts from this document...


Introduction For my coursework project I am going to start up a business selling computer systems I am going to look at planning a business, financial factors of a business, internal and external factors that influence a business, and factors of running a business I will break my project up into 10 point and tackle each one individually: 1. Introduction 2. The skills and talents of an entrepreneur 3. The resources needed to start up a business 4. The constraints of a business 5. The local business environment 6. The market research needed to determine the viability of the business 7. Business plan 8. The problems occurred when running the business 9. Solutions to the problems 10. Recommendations for the future I am intending to start up a business selling computer systems and repairing old ones. I will locate the shop in Rainham High Street. I am going to sell the computers at a low price and try to compete with the large companies. ...read more.


Business Sense - for choosing the price of goods and knowing how to make lots of profit and keeping costs low. Organisation - organisation is essential in a business a lot of time can be wasted if things are not organised properly. Logicality - in day-to-day running of a business, a small problems need to be tackled and this requires common sense. Risk Taker - if you want to become a large business and take in a lot of profit a lot of risks will have to be taken. Negotiator - when making business deals getting the best price is essential Team Player - getting on with your staff is essential, as you cannot have a large business without staff that respects you. Decision Maker - decisions will needed to be made from choosing products to sell to the prices to sell them at. Ideas - to start a business you need an idea. ...read more.


A bank load is the most expensive option as it has high interest rates attached to it, but it doesn't cause any disputes and can be for as much or a little as required. There are problems with this type of finance; if the repayments cannot be kept the bank will take assets of the business or even your house. A re-mortgage is similar to a bank load in that if repayment are not kept your will lose your house but this finance option has a lower interest rate than a bank loan. My business will be VAT registered which will give me an advantage over other small businesses that aren't. This means I don't pay VAT on products I purchase from other VAT registered businesses. So being VAT registered other businesses are more likely to buy from me rather that the businesses who aren't VAT registered because they can claim the VAT back which would make my products 17.5% cheaper if the standard price was the same. ...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 ICT in Business 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 ICT in Business essays

  1. In this coursework I need to produce a detailed business report on one medium-sized ...

    However, since those with staff authority are appointed because of their expertise, experience and good personal skills, their advice, though not binding, is likely to be very persuasive. Advantages: * Staff authority enables the expertise and experience of specialists to be utilised more fully across the organisation.

  2. Business Idea

    Also a factor which will have to be considered is drawing up a Deed of Partnership which is legally binding but doesn't have to be drawn up by the law. Overall the main factor which made me decide to have a partnership is that there will be more money to

  1. My business idea is to open a fish and chip shop.

    I will use product differentiation, this is a method that allows me to make the product different from the competitors. In order apply this I will use attractive advertising, colour full leafleting and also window displays of the food that will be prepared at the premises.

  2. "Feasibility study of starting a new business".

    From this information it can be decided what opening times will be and when to open the club. Method After researching various methods of research and considering the time limitation in which it must be brought together, I have decided that a questionnaire is to be conducted in Maidenhead using

  1. Detailed report on starting a new business

    I will use primary research, in the form of questionnaires. This is because the primary research will be accurate, and more relevant, as it is being carried out for a specific purpose. The reason that I am using a questionnaire is that it allows gathering very detailed information.

  2. "Reviewing ERP Systems".

    Also, business process integration and management across all management units is of utmost importance to improve the overall business efficiency. Reviewing the business case and mapping business requirements with the business processes can achieve standardization of data and processes (Bernstein, 2003).

  1. Explore the achievements, motivations and aptitudes of John Blackburn, an entrepreneur who over the ...

    At its peak Precision Weighing Systems employed 8 full time staff and 2 subcontracted workers, with 4 staff being family or very closely related. The firm is Based in a 3,200 sq foot premises housing Fabricating facilities, 3 administrative offices and a canteen.

  2. Setting Up In Business.

    To achieve both these freedoms as an employee is rare, although some occupations allow one of them. Despite a real increase in freedom, restrictions will remain because a business can only operate within society. On the one hand this involves the same moral considerations as for any other person in the society.

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