The Business Plan
1. Introduction
This portfolio work will enable me to learn how to set up a business.
And we have to do many things to set it up. And I want to set a tuck
shop in the boarding house which is near the school and what I have to
do is get the tuck shop started. I also have to write a business plan
for it to make sure that I know what is I doing. A business plan will
also allow me to minimize risks of failure; failure can be very costly
to a business. I set it up because the boarders in the house always go
to the supermarket in MP .If I haven't written a business plan it will
be an increase in risks and decrease in success in rate.
2. My business
In the school, the student will get pressure from their studies. so by
having some food and drinks to let them relax.. that's why tuck shops
are very popular in school even in boarding house. From the result of
my questionnaires I got over 50% boarders from the boarding house said
they strongly advise to open a tuck shop in the boarding house. So I
become confident of the demand of the house.
The man of my tuck shop called "Come On". This type of business will
be sole trader. This business only owned by me and I need to face
"Unlimited liability" which means I face all the business risk and has
to find all the capital to start the business. We will be selling many
product including ice cream. "Come On" also selling smile and friendly
services for free to customers.
3. Methodology
In my investigation of can I start a tuck shop in the boarding house?
I have done massive amounts of research. First thing I have done is
primary research so that I wrote printed and handed out 30
questionnaires each contain 10 questions. I handed out 30
questionnaires so that my result will not affected by bias, where as
If I only hand out 10 questionnaires bias will be the problems for me
in the questionnaires.
I also have been research in the internet about the machinery of the...