Extended Response Explain the differences of establishing a business from scratch and setting up a franchise. Evaluate the success of franchises in Australia (refer to examples). There are significant differences between establishing a new business and setting up a franchise. Starting a business from scratch often takes a long time and a large amount of capital to accomplish‚ but the rewards can be substantial. A franchise is a business that is licensed to trade under a recognised brand name for
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target market of your business and justify the reasons for choice. Three different research methods Surveys (Primary) Mail surveys are a relatively inexpensive way to reach a broad audience. They’re much cheaper than in-person and phone surveys‚ but they only generate response rates of 3 percent to 15 percent. Despite the low return‚ mail surveys remain a cost-effective choice for small businesses. Which would be a very good method for my business‚ as my business is still small. Sample: Field trials
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Chapter 10 Starting a business Chapter 10 | Starting a business 1. 2. 3. 4. 5. 6. Preparation Selecting a business structure Licences and registration Renting or buying the premises Franchising Opening for business Preparation Chapter 10 Starting a business Preparation • Before a person starts trading‚ they should: – do some research‚ – protect the IP‚ – prepare a plan‚ – raise some money‚ and – take out insurance. Selecting a business structure Chapter 10 Starting a business Business structures
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Amendment P3) Carry out a risk assessment in a health or social care setting. M2) Assess the hazards identified in the health or social care setting. D1) Make recommendations in relation to the identified hazards to minimise the risks to the service user. For the purpose of this essay I went to the local mall to observe what hazards there are. I am going to assess the hazards that I identified in this setting and I am going to make some recommendations in relation to the identified hazards
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Fiscal Policy: Fact sheet The Fiscal policy report to David Lewis‚ Tesco’s CEO. Definition The fiscal policy is when the government changes its spending level and tax rates to monitor and influence their economy. The government will need to increase tax revenues to fund expenditure by increasing taxation by adjusting the income tax level. Role of Fiscal policy The role of the fiscal policy is to monitor the economy and shows the effects of adjusting income tax. The fiscal policy also can redistribute
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The business of Wedding Photography OK‚ so you want to be a wedding photographer and can take nice photos in challenging conditions. What next? If you’re very new to wedding photography‚ you might want to watch my video first to catch a few of the basics. Wedding photography is a business Much as we love photography – and I really do love the feeling of producing a set of photos that the couple will love – in order to be able to do that over the long term you need to make money from your
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Advantages of Starting up a Business * Being your own Boss - you can make your own decisions‚ keep your own time and not have to answer to "The Boss" * Hard Work & Know How - If you are a hard worker and / or have immense industry know how‚ you may want to benefit from the long hours you do or the knowledge that you have acquired over time. * Financial Independence - One day‚ you may realise your dream of financial independence * Creative Freedom - no more restrictions‚ you
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Starting a new business can be very exciting as well as challenging. It can be exciting because it might be a transition from being an employee to owning a business and becoming one’s own boss where there is freedom of doing things without anybody’s influence. The idea of being a business owner can be very exhilarating in itself. Bateman states that ‘The control and ownership of a business is a very powerful feeling. Having ownership is like an adrenalin flow. It gives you more energy – you start
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Introduction to Business 1301 14 April 2013 Business Financing for the Small Business: Go Fund Yourself Business financing takes on many forms‚ from the traditional to the contemporary. This paper explores the various ways a small business entrepreneur might consider financing his or her enterprise. The type of financing pursued by any entrepreneur will largely depend on the type of business being financed‚ the amount of financing needed‚ and the type of relationship one wants with the financier
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Unit 31 P3/P4/M2 Artur Oganisyan I have been asked to describe how how a fashion trend is influenced in its development . As I can see the biggest impact on trend do celebrities‚ movies and singers. In the 20th century the same thing happened. Fashion in the past The cylinder hat The cylinder hat was mainly worn from the letter part of the 18 th to the middle of the 20th century. Today the hat is usually worn as a fashion statement or for special occasions in conservative circles. Walking
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