Premium Essay

Unit 10 - P3 Starting a Small Business

In:

Submitted By Bignuts1234
Words 604
Pages 3
For my restaurant its imperative for me to use primary research to conduct my research, therefore all my data I’ve collected is correct and accurate. I will have to this plan in place in order to know how I’m going to conduct.

Objectives:
-Find out whether people would want a Sicilian restaurant in Northamptonshire.
-To find out whether the potential customers would want a classic Sicilian menu or a more modern menu.
-I will use social media introduce and get people interested in my restaurant.
-Attract new customers from a particular place.
-Low food waste and maximize my resources.
-Break down the sales in order to maximise the revenue.

I am going to collect using a single survey, the reason im going to use a single survey rather than multiple surveys is that if I can include everything in single surveys then there is no need to use loads of different surveys, because it will save me time and money on printing keeping my costs low.
I will set out my survey so that as the survey goes on it filters through so that it narrow down the answers. I can also incorporate a time frame for my data.
My questionnaire has to narrow down in order to get the best possible responses out of the people I will ask. This means that there should be no questions left to be ask by the people that I questioned.

So therefore my survey will be done by me meaning it will be primary data. I think my survey will consist of part qualitative and part quantitative. I am going to present my data in different parts for the different sections of the survey, I have the choice of a graphs and charts, such as a bar chart or a pie chart, both can be used for different sections of the survey.
For my survey I will stand in the town centre and ask a variety of people to fill in and answer my questionnaire the people will be mixed because people for different cultures and backgrounds have

Similar Documents

Free Essay

10 Task 2

...Unit No.10 & 36Task 2 | Unit Title. Market research in business Starting a Small Business | Applicable to: | | | Extended Diploma | | P/M/D Criteria covered: | Task 2: P1, P2, P3, M1 – U10 & P2 - U36 | Performance criteria being addressed in this assessment:Unit 10 - Market research in businessLO1 – Understand the main types of market research used to make marketing decisionsLO2 – Be able to plan researchP1 - Describe types of market researchP2 - Explain how different market research methods have been used to make a marketing decision within a selected business or organisationP3 – Plan market research for a selected product or service using appropriate methods of data collectionM1 – Explain with examples, how different market research methods are appropriate to assist different marketing situationsUnit 36 – Starting a small businessP2- Explain how to identify the target marketAssignment & Tasks:Scenario:Following on from your initial business idea pitch, you are about to plan your market research. To make sure you are on the right lines before you begin you prepare an interim report to submit to a marketing expert friend. They have kindly agreed to look over it and make suggestions for you ahead of you conducting the research for your business. You must include the following; 1. An overview of the main types of market research, primary, secondary, both qualitative and quantitative. 2. Explain which of these methods suit different market research objectives...

Words: 327 - Pages: 2

Free Essay

Starting a Small Business

...Double Business - staring a small Business Unit 36 By Greta Maneikaite (centre number 27102) Content page P1 Present the initial business idea using relevant criteria P2 Explain how to identify the target market P3 Describe the skills needed to run the business successfully and what areas require further personal development P4 Describe the legal and financial aspects that will affect the start-up of the business P5 Produce a proposal containing the essential information for the start-up of a business. M1 Explain methods used to identify the target market for the proposed business M2 Analyse the personal development needed to run the business successfully M3 Assess the implications of the legal and financial aspects that will affect the start-up of the business. D1 Present a comprehensive business proposal that addresses all relevant aspects of business start-up. Unit 36 – Setting up a Small Business P1 Present the initial business idea using relevant criteria Introduction to my business: Golden tanning Salon will open in my local town Corby within Northamptonshire. The reason for opening a tanning salon is because there aren’t many tanning salons within the Corby area. Today’s world trend is for people to look fit and have a natural tan complexion especially in a country like this where we don’t get a lot of sun to develop a tan. I am going to be introducing my business plan which I am intending to set up. In order for me to develop my business plan...

Words: 2013 - Pages: 9

Premium Essay

Business L3 Unit 44

...BTEC L3 Diploma in Business Unit 36: Starting a Small Business Assignment |Learning Outcomes | | | |To be able to present the initial business idea using relevant criteria | |Understanding the skills and development needed to run the business successfully | |Know the legal and financial aspects that will affect the start-up of the business | |be able to produce an outline business start-up proposal | |Scenario | |You have just completed a business course at Wolverhampton College and you are very interested in pursuing your dreams of | |starting your own business and being your own boss. | | | |Your Aunt and Uncle run a successful Property Management Company and they have proposed that if you can put together...

Words: 661 - Pages: 3

Premium Essay

Strategic Alliance

...ACCA QUALIFICATION COURSE NOTES Paper P3 BUSINESS ANALYSIS JUNE 2012 EXAMINATIONS OpenTuition Course Notes can be downloaded FREE from www.OpenTuition.com Copyright belongs to OpenTuition.com - please do not support piracy by downloading from other websites. Visit opentuition.com for the latest updates, watch free video lectures and get free tutors’ support on the forums To fully benefit from these notes do not forget to watch free ACCA Lectures on our website Free ACCA Lectures and course notes by Paper (on line on http://opentuition.com/acca/) F1 Accountant in Business / FAB Foundations in Accountancy F2 Management Accounting / FMA Foundations in Accountancy F3 Financial Accounting / FFA Foundations in Accountancy F4 Corporate & Business Law (English & Global) F5 Performance Management F6 Taxation (UK) F7 Financial Reporting F8 Audit and Assurance F9 Financial Management P1 Governance, Risk & Ethics P2 Corporate Reporting P3 Business Analysis P4 Advanced Financial Management P5 Advanced Performance Management P6 Advanced Taxation (UK) P7 Advanced Audit & Assurance THE BEST THINGS IN LIFE ARE FREE For the latest free course notes, free lectures and forum support please visit opentuition.com/acca Paper P3 JUNE 2012 EXAMINATIONS For latest course notes, free audio & video lectures, support and forums please visit Paper P3 i JUNE 2012 EXAMINATIONS Paper P3 SYLLABUS 1 Aim To apply relevant knowledge, skills, and exercise...

Words: 43531 - Pages: 175

Premium Essay

Unit 27

...Unit 27: Understanding Health and Safety in the Business Workplace Unit code: H/502/5458 QCF Level 3: BTEC National Credit value: 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to enable learners to develop knowledge of the legislation and regulations relating to health and safety in a business workplace in order to conduct an audit and carry out a risk assessment. Unit introduction It is important, when working in business, to ensure compliance with organisational procedures and legal requirements, as the consequences of non-compliance can have serious implications for employees and employers. It is important, therefore, for learners to appreciate that those working in business must understand the principal issues which affect the working environment, for all individuals and the organisations that employ them. This involves keeping up to date with information on the legal issues that affect safe working practices. Everyone at work plays an important part in ensuring health and safety and it is essential that key personnel are aware of their roles and responsibilities. Employers must take reasonable care to protect their employees, and others, from the risk of injury, disease or death, while employees must take care to protect themselves and others. Safe working conditions and the ‘welfare of employees’ can contribute to the success of an organisation. It is important that organisations take steps to prevent accidents...

Words: 3693 - Pages: 15

Premium Essay

Business

...Unit 2: Unit code: QCF Level 3: Credit value: Business Resources D/502/5409 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to develop learner knowledge of the range of human, physical, technological and financial resources required in an organisation, and how the management of these resources can impact on business performance. Unit introduction At the core of every organisation are the human, physical, technological and financial resources that enable it to function. This unit will give learners a broad understanding of the importance organisations place on managing their resources efficiently in order to achieve their objectives. It is important that learners are able to relate their understanding of resource management to a real organisation. This will provide an essential link between theory and practice. Understanding how these resources are managed is one of the keys to assessing how well the organisation is performing. The first part of this unit explores the range of human, physical and technological resources for a selected organisation. Learners will investigate the importance of managing these resources efficiently. The contribution that recruiting and retaining suitable staff can make to the organisation’s performance is examined. The importance of managing the organisation’s physical and technological resources efficiently is also explored. For an organisation to survive its finances need to be sound and secure. The...

Words: 4156 - Pages: 17

Free Essay

Business Plan

...Restaurant and Catering Services A BUSINESS PLAN Presented to: The faculty of Hotel and Restaurant Management In partial fulfillment of the requirement In Bachelor of Science in Hotel and Restaurant Management : Purcia, Eunice Daniel, Katrina Marie Casamis, Kenneth Olino, Kim Christine joy October, 2012 [pic] Company Name Food Art Restaurant and Catering Service Company serves different kind of market. Food Art offers creative, colourful and unusual food options for customers as well as the traditional standbys. The service we offer is quite a change relative to the existing catering market which is stagnant. Food art will inject a new life into the catering market, leveraging our chef culinary skills to develop creative catering options. 1.1 Objectives The objectives for the first three years of operation include: • To create a service based company whose primary goal is to exceed customer’s expectations. • To increase the number of clients served by 20% per year through supervisor service. • To develop sustainable start-up business. • To develop enough cash flow to pay all salaries as well as grow the business. Location [pic] Food Art is located at regalado ave. cor dahlia st. west fairview quezon city 1.2 Mission To create a profitable catering restaurant with an exciting...

Words: 7527 - Pages: 31

Premium Essay

Eco Paper

...of 4 units? Quantity | Total Revenue | Total Cost | 0 | $0 | $4 | 1 | $20 | $14 | 2 | $40 | $26 | 3 | $60 | $40 | 4 | $80 | $56 | 6 | $120 | $94 | 7 | $140 | $116 | 8 | $160 | $140 | 9 | $180 | $166 | Choose one answer. | a. Marginal cost is $6. | | | b. Total revenue is greater than total variable cost. | | | c. Total revenue is greater than total cost. | | | d. Marginal revenue is less than marginal cost. | | | e. Both b and c are correct. | | Question 2 Marks: 1 Susan quit her teaching job, which paid her $36,000 per year, in order to start her own catering business. She spent $12,000 of her savings, which had been earning 10% interest per year, on equipment for her business. She also borrowed $12,000 from her bank at (10% interest) and spent it on equipment. For the past several months, she has spent $1000 per month on ingredients and other variable costs. She has also taken in $3500 in monthly revenue for the past several months. Choose one answer. | a. In the short run, Susan should shut down her business and in the long run she should exit the industry. | | | b. In the short run, Susan should continue to operate her business, but in the long run she should exit the industry. | | | c. In the short run, Susan should continue to operate her business, but in the long run she will probably face competition from newly entering firms. | | | d. In the short run, Susan should continue to operate her business, and...

Words: 2297 - Pages: 10

Premium Essay

Managing

...ASSIGNMENT BRIEF |Qualification |Unit number, Code and Title | |Pearson BTEC Level 5 HND Diploma Business |Unit 34, R/505/8181, Operations Management in | | |Business | |Module Leader: |Lecturers: | | |Hakeem Kazeem | |Distribution date |Submission deadline | |W/C – 22/09/14 |7th December 2014 | | | | |Assignment title |Operations Management in Business | |Learning...

Words: 2190 - Pages: 9

Premium Essay

Manage Project Integration

...accomplished through the application and integration of the project management processes of initiating, planning, executing, monitoring and controlling and closing. Managing a project is best described as consistently producing key results expected by stakeholders. While all stake holders are important, it is of prime importance to meet the customer’s needs and requirements. 2. Project Integration Management Project Scope Management Project Time Management Project Cost Management Project Quality Management Project Management Project Human Resource Management Project Communications Management Project Risk Management Project Management Project Procurement Management 3. A project management office (PMO) is an organizational unit to centralize and coordinate the management of projects under its domain. A PMO can also be referred as to a program management office, project office or program office. A PMO oversees the management f projects, programs or a combination of both. The projects supported or administered by a PMO might not be related other than by being managed together. Some PMO’s do coordinate and manage related projects. In many organizations those projects are grouped or related in some manner based on the way the PMO will coordinate and manage those projects. 4. Objective A project objective is a statement of the overarching rationale for why the project is being conducted. It focuses on what the project is going to achieve, rather than what is produced...

Words: 2132 - Pages: 9

Premium Essay

Btec

...Unit 4: Unit code: QCF Level 3: Credit value: Business Communication H/502/5413 BTEC National 10 Guided learning hours: 60 Aim and purpose The aim of this unit is to show learners that the collection and management of business information, and the successful communication of that information throughout a business, is critical for the future prosperity of the organisation. Unit introduction A business needs accurate and relevant information from internal and external sources in order to operate profitably. Proper collection of data creates an environment where informed decisions can be taken for the benefit of the business. In order to manage information effectively, there must be good communication systems within the organisation. Staff must possess good verbal and written skills in order to communicate and share information Business information can be used to obtain competitive advantage and promote efficiency. Organisations generate information internally, recording details of products manufactured, purchased and sold, and their associated costs. Businesses use information to manage not only what is currently happening in the organisation but also to plan for the future and ensure their survival. Information is collected, stored, manipulated, analysed and reported to those who need to use it. People need to become skilled manipulators and users of information to ensure organisations become more efficient and succeed in achieving their stated purposes. Since the...

Words: 3972 - Pages: 16

Premium Essay

Boredom

...September 2012 OCR Level 3 Cambridge Technicals in Business Unit 12: Recruitment and selection in business Ofqual unit reference number A/502/5434 Please note: This OCR Cambridge Technical model assignment may be used to provide evidence for the unit identified above. Alternatively, centres may ‘tailor’ or modify the assignment within permitted parameters (see Information for Teachers). It is the centre’s responsibility to ensure that any modifications made to this assignment allow learners to meet all the assessment criteria and provide sufficient opportunity for learners to demonstrate achievement across the full range of grades. The assessment criteria themselves must not be changed. The OCR entry codes and Ofqual numbers associated with these qualifications are: |Qualification title |Entry code |Ofqual number | |OCR Level 3 Cambridge Technical Certificate in Business |5327 |600/4226/6 | |OCR Level 3 Cambridge Technical Introductory Diploma in Business |5329 |600/4608/9 | |OCR Level 3 Cambridge Technical Subsidiary Diploma in Business |5332 |600/4235/7 | |OCR Level 3 Cambridge Technical Diploma in Business |5335 ...

Words: 4774 - Pages: 20

Premium Essay

Glowchams

...Assignment: Business Environment Table of Contents: Executive Summary...................................................................................................................3 Assignment I- Task 1 P1. Type of business, purpose and ownership...........................................................................3 P2, M1. Different stakeholders that influence the purpose of the business...............................3 D1.Influence of stakeholders…………...………………………………………………..…...5 Assignment I- Task 2 P3, P4. Describe how two businesses are organized, and how the structure helps the businesses in fulfilling their purpose……………………………………………………….....5 Assignment II- Task 1 P5, M2. Two contrasting environments influence on business, and their challenges................8 P6, M3. Political, Legal, Social factors and challenges that affect the two businesses ...….....8 D2 Changes in political, legal, social, and economic factors may impact on organization strategy……………………………………………………………………………………......9 Bibliography............................................................................................................................11 Executive Summary: The business environment is a mix of all the internal and external factors that have influence on the business. All the factors that are under the control of the business do not form part of business environment. Some of the examples of these factors affecting...

Words: 3832 - Pages: 16

Free Essay

Time Value of Money

...The Pakistan Credit Rating Agency Limited STRUCTURED FINANCE RATING KARACHI ELECTRIC SUPPLY COMPANY LIMITED APRIL 2012 The Pakistan Credit Rating Agency Limited STRUCTURED FINANCE KARACHI ELECTRIC SUPPLY COMPANY LIMITED REPORT CONTENTS Summary Report Detailed Report:     PAGE 1 2 2 4 7 Rating Profile Instrument Structure Assessment ANNEXURES BoD Profile Standard Rating Scale I II April 2012 www.pacra.com STRUCTURED FINANCE The Pakistan Credit Rating Agency Limited RATINGS (APRIL 2012) KARACHI ELECTRIC SUPPLY COMPANY LIMITED [KESC] RATING RATIONALE & KEY DRIVERS  SECURED, RATED, LISTED TFC (I) OF PKR 300MLN TFC (II) OF PKR 1,200MLN TFC (III) OF PKR 500MLN PRELIMINARY AA AA AA TFC (I) Tenor Issue size (PKR mln) Greenshoe option Profit Rate Profit payment Principal repayment TFC (II) TFC (III) 13 months 36 months 60 months 300 13.00% Monthly Bullet 1,200 700 14.75% Quarterly Bullet 500 300 15.50% Quarterly Bullet ANALYSTS Samiya Mukhtar +92 42 35869504 samiya@pacra.com Rana Muhammad Nadeem +92 42 35869504 nadeem@pacra.com The rating primarily draws its strength from the security structure of the instrument. This includes, inter alia, first parri passu charge with 1.2x minimum throughput of receivables from specific 250 corporate consumers and first pari passu charge with 1.2x minimum throughput of excess proceeds (after meeting certain pre-agreed financial obligations) entitled to KESC relating...

Words: 9816 - Pages: 40

Free Essay

Business Plan

...Chapter 1 Executive Summary 1.1 Business Profile CRAFTSY MNL is a do-it-yourself inspired business which offers different kinds of purses including bags, pouches, and wallets. The business will be considered as merchandiser and distributors of the products offered. The name of the business means interest in arts and crafts. These products are made up of light-weight materials with designs that will define your personality to meet your expectations and satisfactions. The proponents will be in the form of the sole proprietorship so that it will be easier to register the business. One proponent will be the general manager of the business while the two proponents will be considered as investors who will be sharing to the business’s capital. As the business goes, profits and liabilities will be equally divided among the owner and investors. CRAFTSY MNL will be located in Brgy. 118 Zone 9 Tondo, Manila. The reason for choosing this location is that, there are a lot of people living in just one barangay and other barangays are just nearby the area. Schools, church and different establishments are also nearby the business location. That is why, there are a lot of students who are passing by the preferred store location. The main goal of Craftsy Manila is to let customers express their selves in a simple way using the purses that they will be purchasing from the business. 1.2 Management, Marketing & Financial Highlights The proposed business is in the form of sole proprietorship...

Words: 4438 - Pages: 18