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The business that I have decided to set up is a chip shop. There is no food places in Hamiltonsbawn so I think my business would be appreciated. Thing needed from the business:SurviveIncrease turnover

Extracts from this document...

Introduction

By Mark Hutton INVESTIGATE AND EVALUATE THE POSSIBILITY OF SETTING UP A BUSINESS OF MY OWN CHOICE IN MY LOCAL AREA. Computer Store Computer Programmer Website Designer Music Shop Chip Shop Car wash Electrician Plumber Joiner Phone shop Sports shop Estate agent Shop/Service Station The business that I have decided to set up is a chip shop. There is no food places in Hamiltonsbawn so I think my business would be appreciated. Thing needed from the business: Survive Increase turnover Grow Make a profit Gain a good reputation Break Even * Firstly I must choose and identify my business. I must identify what type of business mine will be. Then I will have to do research and find out if my business will be successful; I will do this by primary investigation information. * Secondary sources will be a way of finding out my competitors, including the yellow pages, the phone book and the internet. * When my surveys are completed I will evaluate the results and find out what the local people want from my business. * I must find out the type of business I want mine to be e.g. ...read more.

Middle

Forming a limited company is a long legal procedure and the company must be registered with the registrar of companies. The following documents have to be completed before trading may begin: Memorandum of association Articles of association Certificate of incorporation Prospectus Trading certificate There are two forms of a limited company, these are private and public companies. As I have listed several types of business I have decided to go with sole trading business as I think it would be appropriate for me as it is simple to set up, I am my own boss and make the decisions myself Market research is the collection of information from consumers and people who may become consumers, finding out whether they like or will buy the businesses products. A lot of businesses spend a lot of time and money on market research the information ensures that consumers will be likely to buy the product. It also enables them to price the product at an acceptable level for consumers. The two different methods of research are primary and secondary research. Primary research is the collection of original information and is carried out by making direct contact with consumers and members of the public. ...read more.

Conclusion

Rota will be: DAY 5PM - 11PM Sunday Myself & Family The student's wages will start at �3 depending on their age. As my family and friends are willing to help me voluntarily for 6 months to get on my feet, but after this they will either be paid are they will leave. Q1. How many people in your household? Q2. If a chip shop opened in Hamiltonsbawn would you make use of it? Q3. How many times a week would you use the chip shop? Q4. Which days would you like it to be open? Q5. How much would you be willing to pay for fish and chips? Q6. Would you buy pizza or pizza subs if I started doing them? Q7. Would you be interested in these if I started to do them? Q8. If I started a phone ordering and delivery service would you benefit from this; Start a business programme Start up programmes Information and practical support Trade links Local start Essential business kit Micro trades Global start One to one advice Enterprise loan Fund Community start Interactive website Access points Female entrepreneurship Business premises Rural entrepreneurship Business administration services Young entrepreneurship Conference and meeting facilities Property information signposting Information centre ...read more.

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