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

Little business plan :P

Extracts from this document...

Introduction

My business venture and the reason for choice The business I chose for this unit is a baby clothes shop. I chose this kind of business venture because I love little kids and would like to open a shop with unique designs of baby clothes. The clothes will be for newborn kids till kids aged 2 years. My business is going to be located near the dappermarkt. I chose to set up my shop there because the dappermarkt attract people from throughout whole the Netherlands. This way it is easy to get my target group to buy at my shop. The people that live in this neighbourhood are actually the main target because I aim for people with an average income. Aims: My aim is to be a well known shop and make a lot profit. ...read more.

Middle

The baby clothes that will be sold at my shop are unique and Weaknesses: As a new shop we have to show and proof ourselves to the customers. Other weakness could be that the customers decide that they want to buy the clothes on the market. That's why we have to have reasonable prices and good quality clothes. Opportunities: if the business goes well I can open more shops on different kinds of places and maybe in the future even expand abroad Threats: it can be that people prefer to shop in a shop that is well known than in mine. Another possibility is that people would prefer buying the clothes in the market than in my shop. That's why I need to let people know what I sell and that it is not really expensive. ...read more.

Conclusion

- Profit has to be shared Sources of finance Sources of finance for a partnership company are: - Personal capital - Leasing - Retained profit - Bank loan - Bank overdraft - Mortgage loan - Credit cards - Hire purchase - Sales of assets - Trade credit I will make use of my own money and money of my parents to finance a part of the company. Other sources of finance will be a bank loan, a mortgage loan and when the business gets started after a while I want to have retained profit as a source of finance in times that the sales don't go too well. Opening balance FIXED ASSETS Building � 300.000 Furniture � 10.000 Inventory � 20.000 CURRENT ASSETS Debtors � 0 Stock � 4.000 LIQUID ASSETS Bank � 5.000 Cash � 500 --------- � 335.500 Net assets � 76.500 LONG TERM LOAN Mortgage loan � 225.000 Family loan � 80.000 CURRENT LIABILITIES Creditors � 3.000 Overdraft � 0 ...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 People in Business 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 People in Business essays

  1. GSCE Unit 2: People & Business

    not like when people don't want to buy some merchandise because some of it has already been worn or it's made out of animal fur so they won't wear it. This is because they don't believe in killing animals for fur etc.

  2. B-tec First Business - Unit 8 Doing Business Online

    This means carefully considering the projected amount of 'traffic' to the site and the website capacity. A very good famous example of website crashes includes the BBC site on 9/11 and the government census site on its launch date. 5)

  1. Free essay

    GNVQ Business Studies Unit 1

    so until it is they cannot make a certain type of product so they should not advertise that product. This is normally done by using a notice board or email because it is not urgent and marketing do not change there adverts too much.

  2. MANAGEMENT OF HUMAN ASSETS AT INFOSYS

    During fiscal 2000, Infosys derived 78.0% of its revenues from North America, 14.8% from Europe and 1.4% from India. Although most Infosys' revenues are from the United States, Infosys maintains a diversified client base, w ith its largest client representing 7.2% of fiscal 2000 revenues.

  1. E1: Accurately describe the responsibilities covered by the human resources function in the ...

    On the other hand females who have got full time jobs are slightly more than those who have got part time jobs. So there are more people wanting to work full time than part time and this means Bridgestone can recruit people full time for the long term.

  2. Operational Motivation Plan: The Soft Firm.

    meet new challenges, and to expand one's technical knowledge and capabilities; "relatedness" means one's relationship to the professional community of one's peers, especially recognition and praise from peers whose technical knowledge is respected. In terms of McClelland's Theory of Needs (Robbins, 2001, p.

  1. Introduction to how business works?

    After this the shirts are boxed and affixed with the right paperwork and are ready to be delivered.. Job Examples Weber enveloped kelvin007's functionalism idea. Purchasing manager: is responsible for purchasing materials Despatch Manager: is responsible for preparing products for delivery.

  2. Investigating how business works - a family firm that manufactures clothes

    Finance also has the task of preparing all the accounts each year so that they comply with their legal responsibilities to the Inland Revenue. Pete Martin, however, undertakes number-crunching activities on a far more regular basis. He is their management accountant and his responsible for checking that their production levels and sales are on target.

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