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

Business Report

Extracts from this document...

Introduction

Business Report Write a report to Mustafa advising him on a possible solution to the problem of the best form of a business organisation if he were to expand his business Your report should include: - A brief summary of the problem - The advantages and disadvantages of different forms of business organisation, assuming Mustafa decides to expand - A conclusion comparing the alternative ways of solving the problem - Your recommendation of the best solution to the problem, based upon your conclusion - Reference to relevant business studies theory as and where appropriate TO: Mustafa Ali FROM: Diego Rodr�guez DATE: 29th August 2002 REPORT ON: Forms of business organisation You've asked me to report on the forms of business organisation most suitable for the needs of your business expansion. You've been a Sole Trader for 10 years, manufacturing a washing liquid for sell it to wholesalers. ...read more.

Middle

2.- PARTNERSHIP: This way of business organisation means that you share everything: profits, problems and risks. > ADVANTAGES: * You're able to share the risks and the problems. * It's a simply form of organisation. * You'd be able to use the partner's money to pay for the expansion. > DISADVANTAGES: * Remember you'd still have unlimited liability. * You share the profits with the partners. * It'd be easier to raise money as a Ltd. Company than as a Partnership or Sole Trader. * Your could have arguments with your partners and this could affect the business. 3.- PRIVATE LIMITED COMPANY: > ADVANTAGES: * You'd have limited liability, a very important point because then, you won't lose your personal possessions. * It's easier to raise extra money from the banks by being a Ltd. * Mr. Godfrey Richards would be able to buy shares in the Private Limited Company, this way the business could use his money to expand and still have limited liability. ...read more.

Conclusion

Your futures partners would be able to buy shares and to contribute with the expansion, inverting their own money. The cost of being a Ltd. Company isn't too much, only $500. You will have most of the control of the business but you'd have to consult your partners making before any change. RECOMMENDATION: I recommend that you should patent the formula of your new product because if you don't, another firm might copy it, patent it themselves and they'll make a new product with it. This would put your investment at risk because then, you'd be obligated to remove that new product and all the money you have spent on it to it would be would be in vain, useless. The expand of the business as well and then, the business would have to close. I recommend that you should make your company a Public Limited Company if this product sells well because then, you'd have the advantage that everyone would be able to buy you shares so it's very difficult to the business to fall if the following product doesn't sell well. ...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. Business Studies Edexcel Coursework

    Making use of radio broadcasts, press and other media would help obtain this good publicity. For example, Errol would have to produce his own advertising, but he would want a local borough magazine/newspaper to write a review of his garage to increase positive publicity.

  2. Functional Areas Report

    They will be located at the front of the stores so the customers can clearly see them so they can go to them if they need any information or have a problem. Being located at the front, so they will be the first people the customers meet shows how important they are to Tesco.

  1. English for business

    Recognizing perfectionism: � all or nothing thinking or black and white thinking. There is always one right answer if only you can find it. � being afraid of disapproval � being afraid to make mistakes � being over sensitive to criticism and the opinions of others � constantly looking for

  2. Applied Business Unit 1

    A stock database will give details of prices, delivery times and availability of products. Advice Advice is more accurate that just information as it is tailored to the customers precise needs and requires greater knowledge. Some types of advice are posed as critical as the consequences of these are serious as wrong advice may be given.

  1. Business Studies

    > In many Aust industries regulations have been removed to enable firms to have less competition and better efficiency > Regulations have been extended by professional associations through the establishment of acceptable codes of conduct. * Political influences > Influences businesses through govt policies * Technological developments > Developments in

  2. Business studies - Business Plan

    I can delegate work onto them if I feel I have too much work to do. The negative side to this is that if I teach another of my employees these skills and them leave them with work that needs to be done they may run into difficulties thus resulting

  1. Business Plan. After putting a lot of thought into what kind of business we ...

    Unincorporated businesses are businesses that have no legal differences between the owners and the businesses. Everything that is done within the business is in the name of the owner or owners and these firms are usually relatively small and are either owned by one person or a few partners.

  2. Marketing report

    Also, instead of moving the furniture from the warehouse to the showroom area, he asked customer to pick the furniture up themselves from the warehouse. This 'anti-service' approach to service as it is has been described, is the foundation of Ikea's stores today.

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