• 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. Functional Areas Report

    Questions about the performance of the item are also sometimes asked, e.g. 'Are those shoes waterproof?' * Advice - When buying something for the foremost time customers will ask for guidance form sales staff, who they expect to know something about the item for sale and the alternative available.

  2. English for business

    11) Criticize your last boss. VI. Describe your ideal boss: � Strong/ weak personality � Very ambitious � Easily adapting � Good organizer � Modest � Funny � Well informed � Efficient What do you think of the following situations? 1. You don't like your boss.

  1. Business Studies Edexcel Coursework

    The questions should directly link with the information needed; but also, the number of questions should be allocated accordingly. Too many questions would put off consumers and result in poorly conducted research. For both Errol's and the consumer's benefit, the questions should be arranged in common sense order, which would

  2. Business Studies

    - Change agents will also work to encourage a cultural acceptance of change. - All change carries a degree of risk > Change models - Force field analysis, Lewin's unfreeze/change/unfreeze model: 1. force field analysis: > Analyses change as a state of imbalance between driving forces and restraining forces.

  1. Business studies - Business Plan

    I do not act rashly, this will help as rash decisions can lead to even bigger problems so it is needed that I take my time with business choices even if it means using my free time to ensure I am doing the right thing by my business.

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

    Other advantages include: * Financial institutions are more willing to lend money; this means that it is easier to raise finance. * Production costs can be lower as firms can gain more economic sale. * Because of the size of PLCs, they can dominate the market.

  1. Progress Report

    vertically and in other words communication passed through lower positions in Emni's to higher positions. In order for the different functional areas to stay in touch and be able to communicate internally, they make use of phones, intranet, announcements, and email.

  2. Business studies-create your own business

    RG14 5DB Tel: 01635-550888, 01635-550858 E-mail: chenz.newbury@gmail.com 4. If you would like to have a dinner with your family or friends in a Chinese restaurant, what do you prefer? A. Order from Full Menu B. Eat as much as you like with a fixed price per head(order from Menu) C.

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