• 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. tesco aims and objectives

    is in the town centre surrounded by major organisations has all helped them to increase their market share and also invest further in a superstore. 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,

  2. Functional Areas Report

    * Delivery - A delivery service is another example of what a firm can do to make it easier for a customer to make a purchase. Businesses buying large qualities form other businesses find transport costs are expensive and will also be attracted to suppliers who are able to offer a free or low-cost delivery service.

  1. Business Studies

    - When the consumer is most likely to purchase a product Benefits sought: - Understanding of the benefits consumers seek from a purchase - Business can divide the market according to what customers want Usage rate: User loyalty: - Opportunity for businesses to develop a loyal customer base - Attempts

  2. English for business

    � Do you think that national advertising is the right way to launch our products? 3. Agreeing and disagreeing � I totally / agree with you / accept fully. � I'm in total agreement. � I'm in favour of that. � Up to a point. � To a certain extend.

  1. Ownership, Location and Aims and Objectives of Lex Transfleet and Express Diner

    Express Diner have unlimited liabilities which the partnership invest their money, they will have to pay more then what they invested. The difference between registering Lex Transfleet or Express diner is that Lex is a PLC and Express is a partnership.

  2. Aims & Objectives

    Tesco is therefore already successful in managing to increase profits. Tesco lower costs on products by having huge sales, 'but one get one free' and discounts. Tesco lower costs regularly in their stores to catch the attention of new customers, for instance they always have discounts, special offers and 'buy one get one free' etc.

  1. Is it a sound business decision to locate a Coffee Republic franchise in Finchley ...

    Yes No Please give reasons for your answer This will help me conclude whether Finchley Central would be a sound place to locate a new Coffee Republic franchise in. If the majority say yes, then it would indicate a good business decision.

  2. Business Report

    This is because the majority of people questioned, 72%, said they went elsewhere to shop for clothes and this may mean that they may be fed up of the clothes shops in Crawley. If Donald opens up a clothes shop in Crawley town centre, then he may get a lot of visitors coming to his new retail outlet.

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