For a business to be successful in the increasingly competitive business environment detailed financial plans and accounts must be drawn up and followed consistently.

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Finance

For a business to be successful in the increasingly competitive business environment detailed financial plans and accounts must be drawn up and followed consistently. With so many financial demands placed on small it is vital that all cost are calculated and accounted for prior to the businesses start-up date, these costs are referred to as ‘start up costs’

Start Up Costs

Start-up costs are any payments that my business needs to make prior or opening.

        

Some Star-Up costs also apply during the general running of the business as ‘running costs’. Running Costs are payments that are made once the business has started trading.

        

I shall now calculate how much the above costs will affect my business venture. I shall calculate firstly the start-up costs and then the running costs for a sample three-month period. In order to calculate costs effectively I shall design the outlay of my shop first.

Designing the layout of my shop.

When I began to design the layout of my shop I considered a number of potential problems and requirements, I came to the conclusion that the three most important requirements my shop needed were -

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  • Hygiene
  • Appearance
  • Safety

By applying serious thought and consideration I aim to solve these issues and be able to design a shop that is both efficient and appealing to customers.

Hygiene


The layout of the equipment I require in my shop has to allow for easy cleaning. Equipment must be placed in areas that do not harbour dirt.

Appearance


As I am entering a competitive market it is important that the design of my shop is appealing to prospective customers. It should be colourful and practical. I will utilise a small expenditure on maintenance in ...

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