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Unit C Business Finance  Intermediate / Foundation

UNIT 3   Finance 

Introduction

 For my business studies coursework I am going to investigate the setting up and running of a business, which specialise in the Production and Sale of Wooden Toys.

My business will be based in the Chapeltown Enterprise Business Unit, Chapeltown Road, Leeds LS7 3JA. West Yorkshire.

In order to establish my business successful I have completed a Market Research Survey(this a basic Questionnaire comprising of 15 key question of potential customer wants and needs in the locality.) which shows clearly that there is a demand for my product.

TASK 1: Types of Cost

 


Task 2

Providing additional income for my business

  • I will act as a consultant to local High Schools, colleges such Leeds College of Building, Thomas Danby FE, Kitson College; where my invaluable expertise on the Design and Production of Wooden Toys are recognition in West Yorkshire.

  • I will use my Website to generate new business as my designs may be purchased from any country in the world, as all customers will have the opportunity to purchase Online with a credit card.
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  • I will raise additional Income (cash) from product endorsement from Company such as Man United PLC /Aston Villa PLC who are world famous football clubs and are keen to produce quality wooden football figures and Stadium Models.

  • Sale of Merchandise

  • Sponsorship of the Chippendale Dance Crew

  • Trade Fairs and Exhibitions @ Earls Court London, The Great Yorkshire Show in Harrogate, Harewood House Summer Show Leeds.

  • Product Placement in Films and Kids show such as Pinocchio the Movie.

  • Endorsment of Products such as “Ronseal quick dry Wood Stain” products.
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