Sole Trader Report

GCSE Business Studies

To: Mr Elkon From: Karan Varma

Date: 3rd February 2004

Sole Trader Report

In this report you will read about a sole trader (Sunrise Bakery), I will talk about they their aims and objectives, location, business ownership and finally they business activities,

Sunrise bakery three aims are

To still be in business after 1 year of opening there shop
To maintain sales at competitive rates with rivals
To provide a services to the people of Southall

Sunrise bakery three objectives are

To have the same income and profit value from Monday-Thursday and to have at least 25-50% more sales on Friday-Sunday
To attract more customers
To have a veracity of food that appeals to the general public.

Western Chicken is located on Western Road opposite Featherstone High School. The main reason they are located on Western Road is because a school is opposite there shop so this will allow students to come to there shop during lunch time and after school when most people are likely to come and eat at there shop. Another reason they are located on Western Road is because Southall has many people living in the area so a lot of people will come to there shop for that reason as you can see from the map in the appendices that there are a lot pf roads near western road so this proves that a lot of people are going to come to there shop.

This is a preview of the whole essay

3.2 I think that they are located In that area because a lot of customers can be found in the area, this will lead them to having a good income and profit value. As you can see on the map there are a lot of roads were people live so Western Chicken will be a popular place to eat. However their main customers come from the school nearest Featherstone High School because the students want takeaways in stead of the food at home so they will come to there shop because they like takeaways more. Also because some of the students live far away and this means that they might get hungry so they would want to eat at the shop. This is also good because a bus stop is right infants of the sop so this means that a lot of people can come to there shop to eat and still get on the bus.

4.1 As you know Western Chicken’s business ownership is a Sole trader. The good thing about them being a sole trader is that it is easy fore them to set up their business and give personal service to there shop, the owner can make there own independent decisions, which means that they can do what they want, not much paperwork, and because they will know there customers this will help avoid debt.

4.2 The bad thing about being in the sole trader ownership is that you have unlimited liability, so this means that if your business goes bankrupt you will to, also you will have to put in long hours, on holidays/ sickness, so you wont get the rest that you want, as a sole trader you might have to put in your own savings into your business, you will need business skills, so you might have to go to university or collage to get the degree, the final bad thing is that if you die you can’t give you business to a family member of a friend because your business stops when you die.

Conclusion

5.1Western Chicken’s business activities consist of them buying goods from the secondary sector then selling t on as there own product, so this means that they are providing a survives to the people of Southall by selling goods to the people who live there. This also means that they are in the tertiary sector of business witch consist of restaurants, witch they are and among other things.