P1 Why is it important to keep accurate financial records? Financial records tell you how much income your business is generating and how it’s being spent on things like overheads and products etc. You can then create a profit and loss balance sheet‚ this is important so that your financial advisor can then tell you what is going good or what is going bad and from that he can direct you on what to do. If a business doesn’t keep it right with the bill then they cou8ld end up in trouble with the
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RB’S SALON Rusni Begum All about my business Starting up my own business has always been an ambition of mine especially through my passion of beauty therefore my business is going to be in the beauty industry. My business will be selling a service to the public also with addition to goods this will include a range of beauty cosmetics combined with hair services and products. As we all might already be aware of is that the women and girls of our society in many cases ‘looking beautiful’ is an essential
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P1 & P2 & M1 P1 – “Describe the type of business‚ purpose and ownership of two contrasting businesses” Willen Hospice Willen hospice cares for people who can no longer get their illnesses treated. They work around Milton Keynes‚ Bedfordshire and Northamptonshire. Willen Hospice is a charity and a charity is a business that requires funds from the NHS and general people who donate‚ it is also non-profitable business. Willen Hospices aim and objective is: “Our vision is to be the lasting and thriving
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UNIT SPECIFICATION Unit aim The aim of this unit is to ensure that learners understand both the personal attributes valued by employers and the principles of communicating effectively whist developing effective communication skills and addressing their own personal development needs. Learning Outcomes 1) Understand the personal attributes valued by employers 2) Understand the principles of effective communication 3) Be able to use IT to communicate effectively 4) Be able to address
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The purpose of this assignment is to conclude that an initial business plan is necessary. As the business that I have chosen to the build is a comfort food restaurant and take away. My business idea is home cooked food away from home‚ for people who have moved far away from home‚ or just need a bit comfort from food. In that the food which will be made will be all home cooked and freshly prepared dishes. There will be a variety of different dishes that will be healthy and homely‚ as well as linking
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Legal requirements and regulations for ensuring the health‚ safety and security of those employed in business (P1) Statutory duties of employers and employees relating to health‚ safety and welfareThis shows all the legal duties that all employers and employees have to abide by‚ by law. These all relate to health‚ safety and welfare within the workplace‚ as well as including examples to Kirklees College. | Management of Health and Safety at Work Regulations 1999 | Reduce harm by requiring
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Unit 5 – Business Accounting – P1 and P2 Businesses such as Toyota find accounting being a very critical aspect of their business life. Accounting involves recordings of the financial transactions for the business. The importance of accounting is that great that even if a business has one of the best products in the world it could still be faced to fail for simple things such as not enough investment‚ too high costs to produce the products or even simply over spending on new products. Record Transactions
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Voluntary business: Warchild Warchild is a voluntary organisation that operates internationally‚ they work in diffirent country’s and also advertise in different country’s. The reason that Warchild exists are the war’s in Africa and the use of child soldiers in it‚ the founders of Warchild wanted to help them‚ and they wanted to do that on a big scale so therefore Warchild was founded. The products and services of Warchild are being supplied below cost (for free mostly‚ since the (ex-)child
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Help Sheet - Unit 36 P1 & P2 P1 - Present a brief overview of your initial business idea to the group. You must address the following: What is the name of the business‚ its logo and slogan? What type of business is it? Where will it be located? What are your unique selling points? What sort of person would be a customer? You need to produce a Powerpoint with 5 slides to act as a background to your presentation. a. The first slide should state the business name‚ logo‚ slogan and perhaps one
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388937544450Unit 1- The business environment Assignment 1: Business structure and its stakeholders P1‚ P2‚ M1‚ D1 24/10/2014 00Unit 1- The business environment Assignment 1: Business structure and its stakeholders P1‚ P2‚ M1‚ D1 24/10/2014 3213100276415500 Task 1: Compile two tables one for each type of business and discuss their purpose and ownership of each of two contrasting businesses. Type of Business Matalan started off as a local business in Preston‚ it then became national
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