... sure our company can survive. * Maximising the sales. We believed that the aims we setup were suitable for our business. This is because we knew that our business will be a small start up firm and we didn't aim for ...

... to Nice which is 700 miles, but a flight from Luton to Istanbul is £80- £200, which is 1600 miles. This may be because of an increased intake of fuel and time of air attendants and pilots. (b) One pricing ...

... high street north, knowing the flux of potential customers in the area, near existing rental shops which may be a gamble but placing my business in an existing market ensures customers, but requires more ways to attract ...

... for themselves or a friend. They consist of:> Regular customers: the general public and the community and Passing Trade customers (customers passing by).> Occasional customers (now and then customers)> Passing Trade Customers (passing by clientele). Corporate Clients: - These are ...

... businesses debt, even if they have to sell personal assets. * The sole trader can become extremely stressed as they have all the responsibility for the business. * It can be difficult for the sole trader to take time off, ...

... have the budget to do this. Conrack on the other hand may opt for a fairly low budget campaign of leaflets. This way local people of the community can see what the company is offering and may prefer buying from ...

... the same people. * People who own part of workers co-operative are called members. * Membership of a workers co-operative is open to all workers * A workers co-operative tries to ensure that everyone has a say in how the ...

... Disadvantage of a partnership - a) No limited liability - if a partnership becomes insolvent, each partner is joint and severally liable for all the debts of the partnership and that liability is unlimited. So a partner stands to lose ...

... formalities needed, but sole traders do have a certain amount of legal responsibilities once they are established. Also some types of business may need special permission or licences before they can begin trading examples of these would be the sale ...

... requires them to sell all there assets and possessions and become personally bankrupt. What is a Partnership? (Doctor's Practice) To overcome many of the problems of a sole trader, a partnership may be formed. A partnership is an association of individuals and ...

... to the nation. PRIVATE SECTOR BUSINESS ORGANISATIONS SOLE TRADERS OWNERSHIP The owner of a sole trader business is the individual who owns and operates the business. Although there may be additional staff the owner is the only person who benefits from the ...

... proprietorships. Decision may be made more quickly and have flexibility to change it at any time. 3. The owner may enjoy the profits without any sharing with other owner and you only pay individual income taxes you do not have to ...

... of the business depends on the amount of capital you are personally able to inject, one may find investing in the growth of my business very difficult, as capital is often difficult to find. Thus competitors have greater access to ...

... starting your own business you must notify the income tax authorise and the department of social security, as you will be taxed and will pay self employed national insurance contributions. The business will be very flexible because if the business ...

... unlimited liability for the debts of the business, unless they are limited partners * Partners may have disagreements about the running of the business * If the partner dies or become bankrupt the partnership must be dissolved A private limited company The advantages of ...

... debt and loss. Private Limited Company A form of business which is run within a family. Shares cannot be bought and sold on the stock exchange. * Decisions within the family * Limited liability. * More access to money. * Shared between families. * The company can ...

... be forced to sell their possessions to pay it off. Another disadvantage is that sole traders have to work very long hours as they do most of the jobs themselves. Lastly the range of skills possessed by a sole trader ...

... debt, they will be forced to sell their possessions to pay it off. Another disadvantage is that sole traders have to work very long hours as they do most of the jobs themselves. Lastly the range of skills possessed by ...

... you are your own boss, you don't have to share your profits out and it is relatively easy and straightforward to set up. But being a sole trader does have bad points about. To start with it is risky if ...

... very tiring. There is also the risk of unlimited liability, where the sole trader can be forces to sell personal assets to cover any business debts. Developing the business is also limited by the amount of capital personally available. Partnerships ...

... $50000. The only way of doing that is to ask for the money from the bank because you only have half of it. Being a Sole Trader and asking such a big amount of money is a waste of time ...

... Findings Completed research From the public / respondents Use my own initiative to ask my teacher if I get stuck 06/06/07 Compare Hypothesis with Research Findings Complete research & findings From completed research Use my own initiative to ask my teacher if I ...

... is to remain open, being forced to close because of the lack of sales is a major threat for small business such as this. I shall create a market orientated business I feel this will increase it's chance of ...

... will do this to see if there is a need for a one my business ideas in the city I wish to set up, I will also be able to see how much completion I would with each of the ...

... young and old, people who want a nutritious meal. I plan to start my business off with only one shop of a decent size. I will do the majority of the administrative work and manage the restaurant. I will have ...