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

Sole Trader Report

Extracts from this document...

Introduction

To: Mr Elkon From: Karan Varma Date: 3rd February 2004 Sole Trader Report 1.1 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. ...read more.

Middle

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, ...read more.

Conclusion

Activities would help this because he can advertise through media and do different promotions. Which would help his business sales. The owner would have to display posters near by the store. Also locate the stores, which have high consumer traffic. Is a sole trader and should take care of all sales as they could fall into debt and business can go down. Making a profit To make a profit the owner would have to do special offers to attract the customers attention To locate the store near by other big superstore so at least someone might go by it and come inside. Example near school so students could buy food from them after school and at lunch To attract more customers. To attract more customers the owner will have to advertise more and introduce more different varieties To advertise on bill boards from a radius of 2 mile from the shop, or on they local newspaper The owner will have to take a big risk to spend a lot of money, but if it works well, it could attract more customers. ...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. Functional Areas Report

    they all are they can ask the customer service department and they can help by telling them the ails where their goods are. Research and Development This department is in charge of research and development so that their firm can grow and expand.

  2. English for business

    It is advisable to book tickets in advance. You can book : A first class (P) seat A Business class (C) An Economy class (Y) Before boarding the plane the passengers must have their tickets and passports checked, their luggage inspected, weighed and tag attached to it.

  1. tesco aims and objectives

    They need to remain as a Plc and perhaps have smaller companies looking after different areas e.g. Non-food and financial services. Why did Tesco locate near the town centre? Tesco located near the town centre because they knew the high street attracts thousands of people everyday every hour.

  2. Business Studies

    have removed restrictions on the banking and financial industry - more finance flowing world wide > Deregulation of the global financial market has its own business cycle - strongly influenced by the US monetary policy > Deregulation of currencies, most influential on globalisation > Companies/investors can buy shares, property and

  1. Business studies - Business Plan

    make the public aware of their product and persuade them to buy it. There are three types of advertising first is informative this is just letting the public know of your product, secondly we have persuasive this is used to try and persuade the public to buy your products and

  2. business aims and objectives

    This objective is specific, measurable and timed. On the other hand the objective is not attainable and is not realistic. My reason being is that 260,000 people to advertise to, is a large amount. Why? In the east of London where the business is located I assume that there aren't 260,000 people living there and 260,000 are the minimum.

  1. Describe the aims & objectives of the school.

    * Increase passenger traffic- to do this they must develop domestic and short-haul international scheduled services by the year 2008/9, protecting and increasing Manchester airports share of the inclusive tour and charter market by A1 Describe the ownership of the school Bruntcliffe High School is a public sector organisation and

  2. Business Ownership

    Its members believe in working together for a common purpose. It tries to ensure that everyone has a say in how the business is run. In a worker co-operative membership is open to all workers. Any profit made is distributed to members in a fair way.

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