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University of West London *

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Course

PRINCIPLES

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Business

Date

Nov 24, 2024

Type

pptx

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Uploaded by CommodoreKudu2300

Lecturer: Patrik Student: ANDRZEJ BARWINSKI KAZIMIERZ BARWINSKI JEFF KUKLINOWSKI Introduction to business

Today we want to present you our business idea with all its aspects and to tell you exactly how we thought this business would run. We will discuss our mission, the industry in which we will operate, the sources of funding and the structure we have chosen. Motors. will be a used automobile business situated in London. The company will also sell auto components, provide repair services, and offer financing and insurance.. Introduction

Our business idea Motors NAME London LOCATION Automotive Industry INDUSTRY General Partnership STRUCTURE

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THE PERSONAL TOUCH 03 Advantages of a sole trader FULL CONTROL 01 OWNERSHIP OF PROFIT 02 LIABILITY FOR DEBT 04 MAKING DECISIONS 05 FINANCIA L PLAN 06 Diadvantage s of a sole trader https://www.handpickedaccountants.co.uk/faqs/general/what-are-the-advantages-and-disadvantages-of-being-a-sol e-trader

Advantages DIFFICULTY OF OWNERSHIP TRANSFER LACK OF REGULATION TAXATION Exemption from taxation Ease and lower cost of formation Combined skills and financial resources Disadvantages GENERAL PARTNERSHIP https://www.toryburchfoundation.org/resources/start-my-business/choose-your-busines s-structure-partnership/

We chose this form of business because it is easier for us because we are a team of four people. It is advantageous because everyone has a certain task, we share all the responsibilities, and things go faster. The main advantage for us is that we know each other and we will collaborate better. Also, the start-up costs will be shared with all of us.

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Gender MARKETIN G STRATEGY Age Male Female 30-45 Average Spend per Customer 60% 40% 20,000 45-60 https://www.sender.net/stp-marketing/

Organization al Chart General manager Management department Finance department Sales department

Reference list ● Hannaway, J. (1989 ). Managers Managing: The Workings of an Administrative System . New York: Oxford University Press, P. 39. ● https://www.handpickedaccountants.co.uk/faqs/general/what-are-the-advanta ges-and-disadvantages-of-being-a-sole-trader ● https://www.toryburchfoundation.org/resources/start-my-business/choose-your -business-structure-partnership/ ● https://www.sender.net/stp-marketing/

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