The Business Plan
This project requires me to produce a imaginary business. To do this I must research into all aspects of a business, using books, people, and computer resources. To help me do this I will create action plans, that I will evaluate and redesign as I proceed during the project. The reason for the action plan is to help keep track and organise what I am doing, it also shows points that I must cover for my business to be successful. In this project there are certain parts of the project that can be decided before I created a action plan these are: What will I sell- I will sell electrical goods like televisions, videos, and hi-fis
My shop name- I will call my shop "Kes" (Kapur's electrical shop). From what I already know I have decided to make my business a sole trader operation as these are the easiest to set up. Also in a sole trader business I will get to keep all of the profits. Also as I am a sole trader business there are less regulations that I have to comply with. As a sole trader I do not have to make my business accounts available to any one except the inland revenue. This is useful as it saves me time, and it keeps my business dealings secret to the public. What is the aim of "kes" The aim of "Kes" is primarily to be able to compete with other companies in the local area. Also to brake even, but provide a high quality service to the public. Then it is to make a profit. For the first year the aim of my business will also be to become a well established business, and to remain open (not be forced to close due to lack of business).
Action plan This is my first action plan, that I will later evaluate and then using my evaluation I will create a second action plan. Task What this means that I will have to do Date start Date finish
What market am I aiming at? This will involve doing market research so that I know what people want, then I will see what market I am after, e.g. budget or high price retailer. 3/10/99 5/10/99
Where am
My shop name- I will call my shop "Kes" (Kapur's electrical shop). From what I already know I have decided to make my business a sole trader operation as these are the easiest to set up. Also in a sole trader business I will get to keep all of the profits. Also as I am a sole trader business there are less regulations that I have to comply with. As a sole trader I do not have to make my business accounts available to any one except the inland revenue. This is useful as it saves me time, and it keeps my business dealings secret to the public. What is the aim of "kes" The aim of "Kes" is primarily to be able to compete with other companies in the local area. Also to brake even, but provide a high quality service to the public. Then it is to make a profit. For the first year the aim of my business will also be to become a well established business, and to remain open (not be forced to close due to lack of business).
Action plan This is my first action plan, that I will later evaluate and then using my evaluation I will create a second action plan. Task What this means that I will have to do Date start Date finish
What market am I aiming at? This will involve doing market research so that I know what people want, then I will see what market I am after, e.g. budget or high price retailer. 3/10/99 5/10/99
Where am