TASK 4 For the business owner‚ the risks must be known and a strategy on how risks will be managed needs to be in place. 4.1 IDENTIFICATION OF RISKS • Strategic risks The risks of having other competitors entering the same market in a short time is high since the capital required is low and no stocks are required. • Compliance risks Laws are constantly changing and new regulations are always emerging which could: • Hinder or change the operations • Increase the costs of overheads • Financial
Premium Management Business Balance sheet
When I come to market my business‚ I will seek to create the following marketing materials‚ which can be used in varying ways and for varying purposes. Setup a website‚ which will be included on all of my printed marketing materials. I will also ensure that the website contains the relevant meta tags within it to ensure that it’s listed as one of the primary results in a search when particular criteria is entered (i.e. Stockport childminder). I will also consider periods of Google Paid Searches
Premium Marketing World Wide Web Website
service. It operates under a public limited ownership as a tertiary business. A public limited company (PLC) means it is able to offer shares to the public. The owners of these PLC’s are the main shareholders. A tertiary business is one that provides a service to other business or individuals. Federal Express (later known as FedEx) was established in 1973. Ten years later‚ the company reaches $1bn in revenue – the first US business to achieve this status without merger or acquisition. Services extend
Premium Courier Corporation Limited company
Suppliers and the ordering process The ordering process can sometimes be a source of unnecessary costs. This might happen as OBS deals with too many suppliers and there is no clear ordering policy or guidelines as ordering is not centralised. Thus there are insufficient internal controls against mistakes and/or fraud. Reducing the number of suppliers that OBS deal with can often result in savings‚ especially if it gives you the opportunity to improve relationships with the remaining suppliers and
Premium Management Supply chain management Marketing
(P3) Explain factors that may influence communication and interpersonal interactions in health and social care environments The factors bellow including environmental and personal factors‚ may influence the interaction and communication in a health and social care setting. Language difference and cultural interpretations. For language differences the best way to communicate would be by using communication skill such as; objects‚ signs and symbols or braille‚ sign language etc. Cultural interpretations
Premium Communication Nonverbal communication
ss Business BTEC Level 2 Unit 2 – Business Organisation [pic] Name: Date Assignment Handed Out: Date First Draft Due: Date Final Assignment Due: Task One: Business aims & objectives Make a PowerPoint presentation in which you will describe aims and objectives of business organisations (profit-making and non-for-profit) and explain why businesses set them. Your presentation must include the following a. Definition of “aims” and “objectives”
Premium Management Strategic management Marketing
A buddy is there to give key information to someone who is unsure to give them a better understanding on the organisation and its procedures. A buddy is mainly used when a new member of staff joins an organisation. They are required to explain all organisational processes and procedures. This can include fire procedures‚ bomb procedures or health and safety procedures. They also need to ensure that they are giving advice on where members of staff are able to go to get additional help and advice.
Premium Management Psychology Employment
I am going to explain the importance of effective communication in health and social care context. Communication is VITAL in a health and social care setting. The patient and the healthcare professional need to understand each other clearly in order for the patient to receive the best possible care. Providing care to a patient is next to impossible if the patient’s needs cannot be clearly stated. Communication eases anxiety of the patient‚ eliminates more possibilities for mistakes‚ and lets each
Premium Infant Communication Health care
Unit 2 P4 Describe sources of internal and external finance for a selected business Leasing There are many ways in which Coombe Dean School uses different types of external and internal types of finance. The school aims to save money in any way they can one way of doing this is through leasing. This is where the school hires or rents a piece of equipment instead of paying the full price to buy it. They pay a regular amount for a period of time until they no longer need the equipment or they
Free Economics Money Corporate finance
Explain the roles and responsibilities for Health and Safety of key personnel in a selected workplace (P3) There are many employees that have different Health and Safety roles to uphold in businesses such as Debenhams. Some of the roles are more senior than others such as: Directors‚ Line Managers and different employees that have individual special roles to uphold like the Fire Marshall and the First Aider. All these roles are vital for Debenhams to have because they have to ensure the Health and
Premium Occupational safety and health Employment Occupational health psychology