• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28

Choose a vacant local business site. Make recommendations on how it may be developed for business purposes

Extracts from this document...


"Choose a vacant local business site. Make recommendations on how it may be developed for business purposes" Aims & Objectives The aims that I will try to achieve during this project are the following; I will gather a significant amount of information concerning at least 3 vacant business premises in my local area; I will analyse these vacant premises from an enterprising perspective; I will find out, by questioning the local community, what business' are generally considered to be lacking in presence in the area; I will choose one of the vacant business premises as an ideal site to set up a business; I will choose which kind of business would be ideal to set up in aforementioned location; I will decide about the details concerning how the business should operate in order to maximise financial success; I will write a report about the business, and what could be expected from it in terms of quantities of success. In order to achieve these main aims, certain tasks will need to be completed, and reports will need to be written, in addition to other forms of information to aid this documentation. Because of the nature of these tasks, it is possible to divide the main aims into "objectives". A simplified list of these objectives is as follows: * Write a report on the aims, objectives, and methodology of the project o Divide the Project into several aims o Divide the Aims into many objectives o Explain the objectives with methodology * Locate and gather information on at least 3 business sites o Analyse the significance of the location of the sites * Find, create, and annotate maps of the region including significant information about the immediate area * Note nearby locales of significance, such as bus stations or competing business' * Regard the popularity of the general vicinity in terms of numbers of potential consumers * Evaluate the financial costs of locating in certain areas * Investigate the other advantages and disadvantages of the ...read more.


The questions will be as follows; "Which of the following locations do you most often purchase goods or services in?" - This question will allow the database of returned questionnaires to organise the questioned into categories based on which location their answers to the questions apply to. Using this method, public opinion about each of the 3 different locations (Deal, Walmer, and Canterbury) can be isolated and therefore used more effectively. Unfortunately, due to the nature of the places in which the questionnaires will be distributed, the answers to this question may not be fairly used as evidence to suggest which of the 3 locations are the most popular as shopping spots. "How often do you visit this location?" - This question is far more effective for the purpose of finding out how popular certain locations are for shopping. There will be 5 possible responses; "Less often than once a month", "Once a month", "Once a week", "Several times per week", and "Every day". These 5 options will all relate to a number of "points" from 1-5. By calculating the mean average number of points (total points divided by number of questionnaires answered per location), the popularity of each town by shoppers can be effectively measured. For instance, if 5 people shop mainly in Canterbury and each of them answer this question with a different response, (1+2+3+4+5)/5 = 3. Therefore, the average Canterbury shopper shops in Canterbury once a week. "How much money do you tend to spent on a visit to this location?" - This question also has 5 possible responses and can use exactly the same formula as the previous question in order to find out the average amount of money spent per visit by the average visitor to each location. This question can be used in conjunction with the previous question in order to find out how much income businesses in Canterbury can expect to take in. ...read more.


Builders and decorators can be hired in order to do most of this work, but a lot of equipment must also be bought. This includes clothing racks, changing rooms, hangers, tills, chairs, and general clothing shop furniture such as a "desk" for the till area to operate from, and racks for shoes, among other general display areas. Electricity must be made sure to be functioning effectively within the building, with operational plug sockets, etc., as well as other essentials that the building will need in order to serve its purpose properly. 6) Formal Business production "Details" The service of wholesale stock being "broken", and the service of allowing the local consumer to buy these products with minimal effort is the "product being produced" - It is being "produced" within the business premises, by buying in stock and selling it to customers, and it is "produced" to make a profit and provide a service to the local community 7) Technology Computers will be used to aid the organisation and operation of the business, therefore boosting its efficiency. Financial records should be kept on a computer and backed up (A partner should be put in charge of this initially), as well as other important information, such as the quantity of stock of each product left in-store. In addition to this, a computer could be used for more effective communication, and if the business established an internet presence for itself, it would have a huge number of benefits. However, the partners - as well as anyone they may employ in the future - would have to be trained in order to use this technology 8) Conclusion With these decisions in place, it is likely that the business will be a great success. Naturally, changes to this overall plan may need to take place in order to adapt to a changing situation. A successful business must always change and evolve when its environment changes. Acknowledgements: "Business studies for OCR GCSE" - Peter Kennerdell, Alan Williams and Mike Schofield - Hodder & Stoughton - ISBN 0-340-79052-0 Joseph Fitzpatrick, Candidate 6230, Centre 61533. GCSE Business Studies Coursework 28/28 ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity 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 GCSE Business, Companies and Organisation, Activity essays

  1. Marked by a teacher

    NVQ level 2 unit 2 Business Administration. Worksheet on Principles of providing administrative services

    5 star(s)

    you to look ahead when needing to book meetings, appointments etc to arrange convenient times for all involved. They will highlight which tasks are priority and what needs to be got through and any deadlines involved. These diaries can also help when using shared facilities such as a meeting room

  2. Business Studies Edexcel Coursework

    of a product, and you could also find out how much consumers would be willing to pay for a new product. Primary research delivers much more specific results than secondary research, which is an especially important consideration when launching a new product or service.

  1. The main purpose of setting aims and objectives for a business is to give ...

    want to grow too fast and add huge costs to the running of the organization without knowing whether their income will increase.

  2. tesco aims and objectives

    So it would be very hard to raise large amount of money in order to make adequate investments to help the business expand and maximise sales. Public Limited Company It suits Tesco to be a plc because they can then sell shares on the stock exchange were vast amounts of

  1. Functional Areas Report

    This sequence is known as the product life circle. Declining sales means reduced incomes for the business. Businesses are always looking to develop new products or relaunch old ones with some changes that are attractive to customers. Because of this many firms have research and development departments.

  2. Type of Business Ownership, sectors, types of bysiness and size of business

    Meaning that anythink that is owned by the individual will be sold to repay depts Eg car, house ECT. The sole trader * This is the oldest but most common type of business unit. * Simplest to start up. * Businesses find the sole trader a useful form of business organisation.

  1. In this section I will explain every one the different types of business ownership. ...

    - Benefit from economies of scale, e.g. bulk buying, cheaper borrowing. - Produce goods at lower unit cost. - Profit and tax advantages. - The opportunity to more easily make acquisitions. Disadvantages of being a Pubic limited company: - Become too large resulting in poor labour relations.

  2. Case Study of the "Life is Good" clothing company.

    Question 3. How do you think the company?s motto ?Do what you like, Like what you do? might affect how mangers manage? Be specific. Answer 3. The motto ?Do what you like. Like what you do.? might affect that which kind of employees the managers want to hire and how they encourage their employees to work hard.

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