• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month
Page
  1. 1
    1
  2. 2
    2
  3. 3
    3
  4. 4
    4
  5. 5
    5
  6. 6
    6
  7. 7
    7
  8. 8
    8
  9. 9
    9
  10. 10
    10
  11. 11
    11
  12. 12
    12
  13. 13
    13
  14. 14
    14
  15. 15
    15
  16. 16
    16
  17. 17
    17
  18. 18
    18
  19. 19
    19
  20. 20
    20

Section 1 - Setting up a Small Business

Extracts from this document...

Introduction

Table of Contents Business Idea 3 Business Name 5 Logo 8 Sectors of Industry 12 Factors of Production 13 Definition of Markets 14 Business Ownership 16 Business Cards 18 Business Types (Ideas) Tally Chart Type Of Business Yes No Indian Restaurant 9 11 Electronics Store 7 15 Pharmacy 14 7 Off License 14 7 Kebab Shop 14 6 Total 58 46 Bar Graph Final Decision Business Names Comments Family Care Pharmacy: Simple, shows you care using the word 'family care'. HA Pharmacy: Short People know it's a pharmacy. Leyton H Pharmacy: Shows where it is, people know it's a pharmacy, includes initials. London CC Pharmacy: Tells you the city it's in, includes initials and tells you it's a pharmacy. Lundy Pharmacy: Short, snappy, tells you it's a pharmacy. H Care Pharmacy: Short, catchy, includes initials and tells you it's a pharmacy. On this section I have commented on my business names that I have chosen and given advantages for each name. Business names Tally Chart Name Yes No Family care Pharmacy 5 10 HA Pharmacy 5 10 Leyton H Pharmacy 5 10 London CC Pharmacy 5 10 Lundy Pharmacy H Care Pharmacy 4 5 11 10 Total 29 61 This tally shows that all business names apart from Lundy Pharmacy are equally popular in my class. Bar Graph Final Decision Logos Tally Chart Name Yes No Logo 1 6 8 Logo 2 5 7 Logo 3 4 8 Logo 4 3 9 Logo 5 Logo ...read more.

Middle

We will promote our business with posters and advertisements to try and get as much profit as possible. Definition of Markets 1. Consumer Non-Durable Market * Sells Products that are not long-lasting and they are used up after a short amount of time. * Foods, drinks, magazines, newspapers, medicines, soap, chocolate, make-up... 2. Consumer Durable Market * Sells products that last long until they eventually deteriorate from user or age or are replaced with a new version/model. * Electrical goods, appliances, cars, clothes, books, furniture... 3. Industrial/Organisational Market * Sells products that assist other manufacturers or organisations. * Equipment, computer software, office supplies, furniture, customised clothing/ items, raw materials... 4. Services Market * Sells any non-physical products * Tertiary sector * Biggest market * Hairdressing, banks, security, repairs, transportation, cleaning, cooking, serving, teaching, arranging... Q1. Which market(s) does my business fall in? A1. My business falls into three markets. The first one is consumer non-durable because we will sell shampoos, hair creams, hair dye, medicine, tablets, sweets, chewing gum, make-up... These products do not last long that's why they fall into this market. The second market is consumer durable because we will sell products like hair accessories; manicure sets (nail clippers...)... these products are long lasting because you can use them again and again until they deteriorate from use or age. The third market falls into services because we will give advice on health problems (e.g. ...read more.

Conclusion

You have limited liability People may be unwilling to buy shares It can be hard for investors to get their money back when they want to You can only sell shares privately Not very flexible if expansion becomes possible More legal formalities than sole traders Public Limited Company You have limited liability Easier access to finance More funds available for investment Public awareness gives status Public companies are very strictly controlled by law and regulated by the debt for trade and industry. You have to publish results Others, e.g. auditors have to look at your books Greater need to conform to legal procedures Owners might lose control Franchise You can start up and run your own business with a lower risk than normal New franchisees get help, advice and support on how to run and develop their business. Not very flexible Fixed share of turn over has to be paid to the franchisee My Business Card's Designs 1. 2. 3. They have been designed this way so that we can get customers. These cards will do this with their appropriate images, good colour themes and our company's logo (persuading people to buy from us). They also include information so that customers can call us, send letters to us, email us or check our website. Business Cards Tally Chart Card Yes No Card 1 9 4 Card 2 7 7 Card 3 8 9 Total 24 20 Bar Graph Final Decision ?? ?? ?? ?? 20 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. In this section I will explain every one the different types of business ownership. ...

    suppliers, which may lead to having to buy high-priced products, but with many powerful shareholders they can overwhelm suppliers and force them into selling products for a much cheaper price, this if why Tesco is a PLC. The credit terms with suppliers would not be as good because the more

  2. English for business

    you want � improve your availability � improve your decision making � improve your health � improve your productivity, efficiency, effectiveness � make you easier to live with � make you easier to work with � make you feel more relaxed � minimize the risks you take � reduce stress

  1. Business Studies

    to change Population shifts: > Our workforce is global > Changes creates a ethnically and culturally diverse workforce - must ensure that workplaces are free of discrimination, harassment and promote cultural tolerance * Legal influences - overview of major employment legislation > Federal/state governments provide the legal frame work for

  2. Business studies - Business Plan

    get laid off this is out of my control it will affect my sales as people will be les inclined to purchase a hotdog. I have to take laws into account I must make sure that I comply with all the laws as it could result in me being closed down because I do not follow a certain law.

  1. Business Ownership

    Tesco is a Public Limited Company. Below I will write about the advantages and disadvantages of Tesco being a Public Limited Company. Advantage As the company Tesco is very large, it needs a lot of managers to take control over it. The managers need to look after all the stores over the world so it doesn't

  2. Setting up a small or medium sized business.

    As the graph to the left showing Year 2000 per capita coffee consumption illustrates, the United Kingdom is not presently one of the stronger markets for coffee drinking. It's easy to see there is significant room for growth in consumption. The coffee shop chains of Britain are leading this growth.

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

    For example: * A coffee bar might start selling food to increase its sales in drinks and so more people go to their bar * A real estate might start to do property management to boost the amount of customers they have.

  2. Business Studies- Unit 1- Organisational Structures

    McKenzie 1978. Authority and responsibility- Authority, in business terms, means the right that a person working within a business has to both make decisions and give orders to the subordinates below them. There are three main types of authority in business- line, staff and functional.

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