RESOURCES needed for my business to succeed

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     MB WRLD

                                                                                                                 Isaac Sedu


Resources are all the things businesses need in order for them to operate. So therefore the things that will be needed for my business are fixtures & fittings, security system, furniture, insurance, suppliers, HD television, lighting, staff, solicitor, etc. There are three types of resources and they are:

  • Physical resources
  • Human resources
  • Financial resources

Physical resources

They are all the objects needed to set up and running of the business. So in this case, before we start trading, we need to take on board the shop and its premises as well as employees to that will be working and operating the shop. 

For the business to run effectively to sell our product and provide the service we have aimed to do, we need to have all the necessary goods.  So therefore we have a contract with a supplier called Solutions Center Ltd, who will deliver stock using the procedure Just In Time (JIT), as in the market today customers are interested in a quick service and in the business world time is very important, as if you don’t have it in stock your customers will be going somewhere else to buy. I will need only a few stock to start off my business which will cost around £6,000

This is a print screen of my supplier’s website

we needs to ensure that the shop looks best and presentable at all times, so therefore I have contracted a company called Rapeed Group  who will offer a complete shop fitting service that is unrivalled, from shelving, flooring, air conditioning, lighting and signage. I chose this company over others because they specialised on the service they provide to people. This service will approximately cost me around £10,000 which I fink is a reasonable price.

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Here is a print screen of the company

HD television

Security system

I will need a security system in order to prevent theft. This will be provided by ADT Security Company because they offer the best security service according to my research made as shown below. This will cost me about £1,000

In order for us to operate effectively we need to ensure that we have all the necessary equipments and materials required for the business, such as tables and chairs. ...

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