• 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
  21. 21
    21
  22. 22
    22
  23. 23
    23
  24. 24
    24

UNIT 11- Own business

Extracts from this document...

Introduction

Unit 2: Enterprise and Operations Introduction This project requires me to produce an imaginary business. To do this I must research into all aspects of a business, using books, people, and computer resources. My business venture that I am going to set up will be a phone shop and it will be called Kash Mobile. In my shop I will be selling different range of phones. I believe my business will be successful if I choose a good location for it and to do that I will be carrying a research on it later on. Aim The aim of "Kash Mobile" will be to be able to compete with other companies in the local area, provide high quality service to the public to make more customers, and then it will be to make profit and for the first year survive to make my business well established business. Market Environment I think the location where I am opening my business; people will be able to afford enough money to spend on my business. I have chosen a location for my business, where there aren't enough mobile phone shops and I will not have to worry about competitors. ...read more.

Middle

Promotion To promote any business there are several of ways can be used to advertise e-g, through newspapers, TV. To promote our business we will be advertising through leaflets and we also will be running our own online website where customers can order the product online and find out information on my products. How my advert of my business will look like in a leaflet Sole Trader Sole trader is a business that is owned by one person. A person who's the sole trader owner and manager of a business is called a sole trader Sole trader are common in business that are simple to run and don't need many workers. A sole trader may employee other people, but owner takes all the decisions. Sole trader ships are the most common type of business in the UK. It's normal to find that plumbers, decorate, hairdresser, shop owner and even writers set up as sole trader. The sole trader keeps all the profit (if it makes any). Many sole traders feel they are rewarded for working long hours. Sole trader do not need large amount of money to start trading it may not be necessary to borrow large amount to start the business. ...read more.

Conclusion

Threats Less economy/profit may affect my business. CASH FLOW FORECAST I am going to create a cash flow cast for the first 4 weeks. Trading Preparation WEEK ONE WEEK TWO WEEK THREE WEEK FOUR INCOME Capital �30000 Bank Loan �8000 Sales �1224 �1224 �1224 �2222 Total Income �38000 �1224 �1224 �1224 �2222 Equipment (Mobile Phones) �5000 �5000 �5000 �5000 �5000 Advertisement �300 �150 Insurance �30 Loan Repaymets �225 Rent (weekly) �380 �380 �380 �380 �380 Total �5905 �5380 �5380 �5530 �5380 Profit and Loss Account The profit and loss account is a report of the company's profit on the sale of their goods or the provision of their services over a trading period. Normally one year. � � Sales �2565 Products (Mobile Phones) �1094,35 Gross Profit �1470.65 Less Expensive Loan Repayments �100 Advertising �225 Insurance �30 Rent �180 Total Expenses �535 Net Profit �935.65 Less wages �2016 Net Loss �1080.35 How to record payments from customers I will use a receipt which helps me records payments from customers, Example of a receipt is shown below. Umar Abbasi Tele No: 020897676832 Address Email: 34 High Road Harlesden HA7 USB CASH RECEIPT Date: Receipt No: Customer Details _____________________ _____________________ _____________________ Details Amount (�) Subtotal: VAT: TOTAL ?? ?? ?? ?? Umar Abbasi ...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 Research

    13-Jan Preliminary Results Announcement (FY 2004/05) January Second Quarter Trading Statement (FY 2005/06) 07-Jan Third Quarter Trading Statement (FY 2004/05) Manipulation: This data has been manipulated this way in order to look presentable, with clear and easier understandings. Only excel was used so that it could be formatted.

  2. Ann Hopkins Case Analysis

    CONCLUSIONS After four years with Price Waterhouse, Hopkins was nominated for partner. Eighty-eight individuals were nominated for partner, Hopkins being the sole woman in the group. She had generated the most business for the firm, at approximately $40 million in client revenues.

  1. Business Studies(Setting up your own business)

    Another reason the infrastructure has to be good is because my workers, if any are hired, would have to have an easy access route to get to my business otherwise they may want more money to pay for the travel costs and that is something that I cannot afford to be doing.

  2. Business plan for a new shop.The business idea I am going to be presenting ...

    All businesses in the EU must operate within the same framework. If the laws in each country were not the same it may give another business a bigger advantage. EU law overrides the law of individual nation states. The Voluntary Codes of practice are regulations that businesses or organisations have drawn up between them.

  1. Importance of Human Resources Management

    - Unauthorised absences - This is when the employees do no attend work without telling anyone. These can be recorded where it can be needed for future developments and could be useful to compare it with other organisations. E.3) Recruitment and Selection - The Documents The procedure of the recruitment

  2. English for business

    I ask questions and I give answers. I take decisions, I negotiate. I reach agreements, I create a climate of co-operation or expectation. I work with money. I know that it bewitches people. People fret for it, swear for it, devise most ingenious ways to get it and to get rid of it.

  1. Business Studies- Unit 1- Stakeholders

    It is here where it is in the interests of the employees to make their job as easy as possible and yet in the interests of the customer to have the best quality drink at the best value. The ethicalness of the product also commonly comes at a high cost

  2. Business Studies- Unit 1- Organisational Structures

    this can cause confusion on who to report to on particular matters. Another disadvantage is that there can be uncertainty on authority because the dual lines imply that the proposition must be approved by both of the separate managers of the two chains of commands- if this is not done

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