This website uses cookies to ensure you have the best experience. Learn more

Set Up A Business Coursework Essay

1770 words - 7 pages

Task 1The idea of this coursework is to imagine that we are setting up a new business in the local area. I have decided that I am going to start a music shop that will sell a wide variety of instruments but will specialise in guitars. It will be located in an Woking because it is not in direct competition with a similar shop, but is a sensible location that is visited by lots of people. In Woking, I could place my shop near other facilities in the music genre e.g. Recording studio, Sheet music shops. The shop will sell a wide variety of musical instruments (specialising in guitars), sheet music, recording equipment and effects. The main competitors in the immediate area would be:ABC Music - Esher"We have been advising and supplying musicians with instruments, sheet music, accessories and repairs since 1967 and were one of the first music companies to have a presence on the web" - Music - West Byfleet"We sell a wide range of musical instruments, sheet music, CDs and DVDs, instrument accessories and music gifts." - www.newingtons.netEarth Music - Kingston"Earth Music specialise in good quality used hi-tec and recording equipment, guitars, PA and amplification effects and accessories as well as drums and percussion" -"The UK's Online Musical Instrument Shop"This is an Internet based business that can deliver around the world.Action PlanTask 牋牋牋牋What I have to do 牋牋牋牋What info needed 牋牋牋牋Where will I get info 牋牋牋牋Alternative sources1 牋牋牋牋Create an action plan and write an introduction to the work 牋牋牋牋Knowledge of local market and knowledge of product shop is selling 牋牋牋牋The sheet 牋牋牋牋Internet, yellow pages2 牋牋牋牋Define "target market" and "marketing" 牋牋牋牋Definitions, author, title, web site address, person 牋牋牋牋Books 牋牋牋牋Own knowledge, internet3 牋牋牋牋Draft, word process and carry out a questionnaire牋牋牋牋Questions 牋牋牋牋The people I interview 牋牋牋牋4 牋牋牋牋Research, define Primary Research牋牋牋牋Why this information is needed and what Primary Research means. 牋牋牋牋Questionnaire牋牋牋牋Internet, Books5 牋牋牋牋Visit shops similar to mine and interview manager 牋牋牋牋Name, aims, services and target market of the shop. 牋牋牋牋From the questions asked 牋牋牋牋General knowledgeTarget Market - The term target market is used because that market- that group of...

Find Another Essay On Set up a business coursework

The Problems of Living in a Newly Set Up Town

1029 words - 4 pages The Problems of Living in a Newly Set Up Town Living in the west was difficult. People were faced with a different problem each day, which made it difficult to set up home there. People setting up home in the new towns were literally stating from scratch, there was nothing there to start with. The areas that were allocated to build a town upon were totally secluded, other cities and towns were a long distance away. This

How To Set Up and Execute a Corner Kick

1311 words - 5 pages How To Set Up and Execute a Corner KickIntroductionIn soccer, when the team that you are playing kicks the soccer ball out over their own goal line, your team is awarded a corner kick by the referee. Knowing how to set up and execute a successful corner kick can put your team in a position to possibly take the lead in the game.These instructions will help you understand where a corner kick is set up and what steps you can take in order to give

The Problems of Living in a Newly Set Up Town in the West

2721 words - 11 pages The Problems of Living in a Newly Set Up Town in the West In the time period of 1840-1895, commonly known as the American west, pioneers set off to the west of America to set up homes there, with the promise of free land, and the image of ‘streets paved with gold’ in their minds; Americans were more than willing to pack up and find their fortune. However, moving west was not as easy as most had anticipated, and many

Describe the problems of living in a newly set-up town in the west:

1571 words - 6 pages . An example of a poor and "crooked" sheriff was a man called Henry Plummer. He was elected as sheriff by the citizens of Bannack, a mining town in Montana, in 1863. A gang of 100 road agents/ highwaymen were robbing the miners and others on the road to Bannack. The gang was highly organised but the sheriff couldn't capture them. A Vigilance committee was set up. They captured one of the gang who confessed and named their leader- Henry Plummer

Robots Software and how set up a robo software - aldykes school senior secondary - Research Paper

437 words - 2 pages programming is simply the implementation of the codes that realizes these blocks. One of the most important blocks is machine learning – algorithms that enable machines to learn and simulate human-like responses, such as a chess move, or to answer a question. A Baxter robot of Rethink Robotics picks up a business card as it performs during a display at the World Economic Forum (WEF), in China's port city Dalian, Liaoning province, China, September

Setting Up Controls in a Manufacturing Business

716 words - 3 pages MR Etherington, you have approached me to help you review the way in which the manufacturing business is controlled which you have recently purchased as it has been experiencing financial problems due to lack of controls. Therefore, I will help you explain how you should set up good accounting controls in order to avoid future financial problems. I will also explain how to implement an effective control environment by taking into account of

Marketing & Strategy of A start-up Business

2884 words - 12 pages containers and they can serve themselves of any flavors and toppings available. The best part of this model is that customers can mix up the flavors and they can control the amount of serving they want without worrying the calories of intake. What's more, a fruit bar will be set near the counter where customers can pick the ingredients they want for the smoothies so that they can feel the healthy value we has delivered. Brand Marketing Providing

Importance of a Business plan and Issues with Start-up

1167 words - 5 pages Answers obtained from SBA online, Quicken small Business site, and What is the purpose of a business plan, and why is it an essential first step for a start-up firm?A business plan closely describes your business, analyzes your goals, and functions as your business's resume. It helps you designate resources properly, handle unanticipated dilemmas, and make good business choices. The importance of a compendious, cerebral

Explore several different aspects of launching a start-up business

1012 words - 4 pages This paper is written to explore several different aspects of launching a start-up business. One of the core aspects of a start-up business is a business plan, the purpose and why a business plan is essential to a start-up company will be fully explored. Another aspect of a start-up business are sources of funding, and the advantages and disadvantages of each. Yet another aspect are the legal issues that entrepreneurs and small businesses will

Key Considerations and Critical Issues when Starting up a business

1521 words - 6 pages When starting up a business, there are many key considerations and critical issues that the business must acknowledge and understand in order to find success. There are a vast amount of considerations and issues which can be focused on, but the key considerations which this essay will be focusing on are the location, staff, and capital. The critical issues which this essay will be focusing on are the importance of the business plan, managing

Small Business Accounting: A Dilemma During Start-Up Operations

891 words - 4 pages Small Business Accounting: A Dilemma during Start-Up Operations Small businesses oftentimes want to save on cost by not hiring professional accountants when they initially start their operations. They buy the latest accounting software, with small business accounting methodologies, and do the bookkeeping themselves by keeping track of their sales and expenses. When things get complicated, where taxes need to be paid and financial reports

Similar Essays

Definitions Of Motives For Entrepreneurs To Set Up A Business (Coursework)

822 words - 3 pages business because they felt oppressed by the authority figures in a normal job. They crave the ability to make their own decisions, follow their intuition and try out new, creative ideas.Many of the worlds leading businesses were first set-up by people with little or no qualifications, for whom starting their own business seemed the only promising opportunity to make enough money to adequately support them financially.It conclusion. To be a successful

Notes From Business Data Communication Class, Local Area Network Technology. (Download It Is Set Up In A Table)

2902 words - 12 pages their stations (previous chapter)Dominant port speed10/100MbpsCore switches Are switches farther up the hierarchyThey carry traffic between one switch and anotherThey must work faster than workgroup switchesHave to handle traffic of many workgroup switchesEmerging dominant port speed1Gbps10GbpsVIRTUAL LANs AND ETHERNET SWITCHESUnicasting Ethernet NICs normally wish to unicastSend a from a from one station to one other stationBroadcast Send message to

An Essay On How To Set Up Your Own Business

2028 words - 8 pages internally and with loans. The alternative was a private limited company (ltd.) which would have a larger financial backing and limited liability to the value of shareholding, but in the long-term there is less profit and less control when shareholders come in to the plan as well as high set-up costs. Limited companies also have to pay more tax.NameThe name for the business that I have decided on is Europinia Tours, this conveys the message that

Objectives For A Level Business Coursework Essay

552 words - 2 pages agents and individual institutions - to establish the cost involved to rent properties in the local area.I will need to use secondary data obtained from various websites to identify the costs of registering the business and securing any relevant trademarks and copyright.I will have completed this statement when I have a solid figure for the estimated start up costs.Create a cash-flow forecast and break-even chart for the first yearUsing the