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I am going to talk about characteristic of the local business environment in the Leicester. My chosen business is eastern European restaurant.

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Introduction

A4470 Unit 1: P5 Explain the characteristic of the local business environment By Paulius Pelenis Introduction I am going to talk about characteristic of the local business environment in the Leicester. My chosen business is eastern European restaurant. Product Market This restaurant will be aimed at a niche market for European people who live in Leicester. They are a lot of people from Eastern Europe like Poland, Latvian, Lithuanian and it will help to me make a profit. I look for European public, because I see there are lots of Asian restaurants in Leicester and not many European. Sector and industry changes This business falls into the tertiary sector which is growing faster than primary or secondary as many companies decide to provide service because it brings more profit than manufacturing. ...read more.

Middle

which is a restaurant business I would need at list level 2 of food hygiene certificate for health and safety and health and safety certificate for the workplace. As I would be the only owner - Sole-trader so I do not need to register my company as a company LTD and do not need a registration with company house. I will be personally responsible for accounts and paying tax of the profit I'll make each year. Planning and Employment I am thinking to open my restaurant in Narborough road, because it is strategically advantageous position. I would like to recruit two bartenders and six waiters, due to shift change. Economic trends and Income Recession is in the all world and touches all business sectors in UK. ...read more.

Conclusion

Call centres charging for information exchanges. If tax rates increase, people have less to spend which will make it more difficult for my business to make money because people will spend their money in more important things. They will expend their money in things that they really need not in restaurants. If VAT increases, many items will be more expensive as well. If the prices are too high, people will be affected as well on what they can buy. Growth Income growth means that the country is producing well and earning more money every year which will make people have more money to spend for leisure and family dinners. Conclusion In conclusion I have research on three sectors and those are the primary sector, the Secondary sector and the tertiary sector. I have chosen tertiary sector, because is growing and more chances to do profit. ...read more.

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