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

Can sole traders survive?

Extracts from this document...

Introduction

INTRODUCTION: 3 Types of ownership: 3 Sole Trader 3 Private Limited Company (PLC) 3 Partnership: 3 Prediction: 3 THE RESULTS: 5 ANALYSIS: 6 CONCLUSION: 7 Introduction: I am conducting a survey to decide whether or not a sole trader can survive in today's high streets. Types of ownership: Sole Trader This is a person who starts up their own business with their own money. This is good as you are in charge of all aspects of the business, but you are also liable for all the debt. A sole trader will not have the money to rent the shop as it is just starting up and will not have the capital for it. As a sole trader is liable to all of the debt it is more cautious to buy an expensive premises, as it may loose the business and have to sell their house to pay for it. Private Limited Company (PLC) This is good as you are not liable for any debt that the company gets but you are not in charge of the business. ...read more.

Middle

I do not think that this will occur, I think that there will be a lot of PLC's and not many Sole Traders or Partnerships. The results: Shop PLC Partnership Sole Trader Sainsbury's ? Wilkinsons ? What everyone Wants ? JD Sports ? M&S ? McDonalds ? Phones 4 U ? Game ? Argos ? Blue Inc ? Zero Zero ? QS ? Woolworths ? Lunn Polly ? Iceland ? Burger King ? Specsavers ? Robert Dyas ? Bells Fish and Chips ? Boot Opticians ? Analysis: My results show that the most popular shop was a plc. This is because they have the money and resources to rent or buy the shops. There were only two sole traders. This could be due to the fact that they do not have the money to rent or buy the shop. As sole traders only have a small amount of capital they will not be able to afford a shop in Bexleyheath, which is a prime location. PLC's on the other hand have a lot of money so they will be able to afford the rent or even maybe the money to purchase the shop outright. ...read more.

Conclusion

I think that sole traders will be able to survive in a less populated area that bigger businesses would not be as interested in setting up in. a sole trader will have more success in this area as there will be less competition. Franchising may help a small business become more successful as they already have the name that is known and respected so they will have the customers already. The main company will help to set up the business, so this will help them to get the correct atmosphere and fell to the shop. This way you will still get the same feel of owning your own business, without all of the hasslw of setting it up. I didn't really have that many problems but it was hard to decide on which kind of shop it was. This is because not all PLC's have PLC in their name so it is not as easy to find out. I either had the option of going in and asking the people who work in the shop or I could take a well educated guess at which type of business it is. 1 ...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. Assignment to investigate two types of business organisations - Sole traders and partnerships.

    and limited companies (you only lose what you put in). The most common business in the private sector is starting up a one man business (a sole trader or sole proprietor). This is because they are the easiest type of business to set up.

  2. English for business

    � Which are stressful, annoying, depressing? � What difference does it make if you're on holiday and not traveling on business. � Do you agree or disagree? -take hand luggage not large suitcases. -it's essential to organize everything before you travel.

  1. Business Studies

    allow the business to examine its current position in the market, it provides information on such issues as: - the business' level of market share - changing trends within the market - products and strategies used by competitors - consumers' perceptions of the business in the market place * A

  2. Business studies - Business Plan

    reduce the amount I will have to do by a small amount. The only problem I see from using informal communication is I may not always make it clear what supplies I want, or what tasks I would like my employees to carry out.

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

    We will put our mission statement on our counter in the milkshake bar, in a plastic holder so that it is visible to all our staff and customers. We as a company are proud to have aims and objectives to enhance and develop our business.

  2. J Sainsbury

    It employs 148,000 people. Our objective is simple; to serve customers well and thereby provide shareholders with good, sustainable financial returns. We aim to ensure all colleagues have opportunities to develop their abilities and are rewarded for their contribution to the success of the business.

  1. Importance of Human Resources Management

    The Recruitment process also involves a number of documentation. There is a procedure for this to develop and recruit people more information about this has been stated below in E3. Experienced employees have to be replaced with new recruits, who have to be trained. This is likely to disrupt the operation of the business.

  2. Business Ownership

    Partnerships have unlimited liability, so they are responsible for all the debts of the business. Co-operatives A co-operative is different from any other type of business. It is owned and run by the whole work force. The owners of the co-operative business try it on democratic principles and sometimes support local events.

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