Preview

Btec Business Unit 23 M3

Satisfactory Essays
Open Document
Open Document
711 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Btec Business Unit 23 M3
M3

the skills I need to develp are financail and accounting,

Financial- The top reason why businesses go out of business is bad financial planning. All the cash flows in the wrong direction. Having worked through the dotcom boom and bust I have seen first hand what too big a budget in the wrong hands can do. Someone needs a firm grip on the numbers and it had better be you otherwise someone might just take a trip to a tropical island at your expense. I will be devoloping this skill by finding some volantry jobs for one or two week to gain some skills so then I should be able to run my own business.

The other skill that I need to develop is the ability to implement systems (such as workplace information, risk management, continuous
…show more content…

The partners must have a deed of partnership which is a contract between partners which legally binds them. The strength is that the partners well get the same percentage of profit as much as they have invested into the company.Private limited company is to make money quickly the cant sell there shares to the stock market as they have a great weakness. The owners have the main control in the business normally as they control the business and the main stake holders of the business are board of directors. The biggest strength they have is that if the company goes bankrupt the owners can loose thier personal positions so they pay off depts.Franchise is when the company such as McDonalds sells the rights and the promotion to the person to user their brand and logo to sell its products, services and logos, usually in a defined area. The person that gets the rights gives royalty to the users as this will involve paying fixed fees and a percentage payment of the franchisee's sales turnover. The main strength of this is that the business is a success and that the advertising is mainly from the franchise company so this gives advertisement for all the franchisers that own the different branches.Our business is a parivet which is made up of my self Rukia and our business is called Rakz Hair salon which is a

You May Also Find These Documents Helpful

  • Good Essays

    Btec Level 3 Unit 25 D2

    • 1411 Words
    • 6 Pages

    Deoxyribose Nucleic Acid (DNA) is a polynucleotide molecule that encodes the genetic instructions used in the development and functioning of all known living organisms and many viruses. Most DNA molecules are double stranded helices, consisting of two polynucleotide strands made up of simpler molecules known as nucleotides. A nucleotide is made up of an organic nitrogenous base, a deoxyribose sugar and phosphate groups. It is order of these bases which make up the genetic code; a set of rules, by which information is encoded within genetic material.…

    • 1411 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Your documents produced for the previous assignment are to be used for the interview of a retail assistant . You do however have to prepare the interview pack for the interview panel. You will also have to take part in the interview and perform the post-interview activities.…

    • 313 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Describe the main employability, personal and communication skills required when applying for a specific job role.…

    • 598 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Spotted hyenas are nocturnal, so reduced visual abilities during nighttime have led to their flourished range of vocalisations. They have around 20 different calls which are vital to communicating within their social structure. For example, the whooping sound that travels over several kilometers can be used as an effective assembly call in cases were food or territory need defending. It can also be used to locate individuals or to recruit team members for hunting.…

    • 74 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    Certain skills will be beneficial regardless of the job or career that you pursue. These transferable personal skills make a candidate attractive to a…

    • 551 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Functional areas are used in many businesses and are very effective as different areas work together to do or produce one thing. Tesco is a multinational company and also have functional areas such as:…

    • 728 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    The Government produced the legislation ‘Manual Handling regulations 1992’; they produced this legislation to help protect staff and service user from harming themselves. In health and social care settings managers produce a policy to help prevent accidents and harm coming to their staff and the service users who come into the hospital. To help control the legislation certain lifting techniques of patients were banned due to future problems with back problems of staff and the harm of patients/ service users when being lifted or moved about.…

    • 2635 Words
    • 11 Pages
    Good Essays
  • Good Essays

    business unit 5 m1

    • 501 Words
    • 2 Pages

    The purchases are the main expenditure, which is huge area of concern, these needs to be looked into and controlled. The most common purchases are £27,000 and the most expensive one £44,000 hence needs to be looked into to find reasons why so changes can be made.…

    • 501 Words
    • 2 Pages
    Good Essays
  • Good Essays

    This is important as it allows people to have organisation on their device. It also helps people to see where each file is and they can locate it without any problems. It’s also important as files can be lost if they are all mixed up and can stop people from getting their work and any other files which they may need. By being able to organise the files that you need allows you access them a lot easier for example you can make folders for each subject or year, and that way you know where all your documents are. This can be done for media such as music as well, so it’s not just documents. This task is carried out by choosing the file you want to change and then right clicking and finding the ‘rename’ tab. Once…

    • 2179 Words
    • 9 Pages
    Good Essays
  • Satisfactory Essays

    BTEC level 3 Unit 1

    • 1332 Words
    • 6 Pages

    Private sector is a business or organisation that is ran by individuals for a profit. Public sector is a business or organisation ran by the government for no profit, these organisations are part of voluntary sector. Voluntary Sector is the sphere of social activity that lets the community join in and bring them closer, it is also non-governmental and not for a profit.…

    • 1332 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Btec business unit 4 D2

    • 736 Words
    • 3 Pages

    DIRECTOR The director of SFX will be the principle, who serves as an educational director in charge of the college. Her job as the director includes over seeing that everything in the college runs smoothly, managing the policies and procedures to ensure that all the students who have enrolled to study at SFX are safe while they are within the environment and also receive they best education the college can offer. Tesco’s director ensures that the business is meeting its goals by setting out the aims and objectives for the business. He also decides on the strategy for the business and also has interest of the shareholder, making sure the shareholders don’t lose any amount of the money that they invest in the company. The comparison of the two directors in these two businesses one of the directors (Tesco) is looking after the shareholders interest and finding different ways the increase the profit. While (SFX) aims to provide education for teenagers (16-19)…

    • 736 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    M1 - Compare the purposes of the different documents used in the selection and recruitment process…

    • 784 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    P2- Describe the main employability and personal and communication skills required when applying for a specific job role.…

    • 582 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Whist taking part in both group interactions and one to one interactions there are many factors that influence the effectiveness of each. This essay will therefore evaluate the factors in which I came across which were an influence to my effectiveness in the interactions.…

    • 1828 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Business BTEC, unit 1, P1

    • 709 Words
    • 3 Pages

    In this assignment I will describe the type of business, purpose and ownership of two contrasting businesses.…

    • 709 Words
    • 3 Pages
    Good Essays