Business Essay 商业论文代写 业务评估报告一个有史以来的执行摘要
Research legal structure
http://www.quickmba.com/law/org/
Business legal structures-
There are many different types of legal structures to be considered for a business. They include sole trader, partnership, public and private companies and more. For this business the most appropriate option to consider is sole trader.
A sole trader is viewed as being one and the same its owner. A sole trader incurs little expense in setting up a form of a business and it is known to be a common structure among small businesses. This characteristic has the advantage of simplicity but also has the advantage of personal liability. Sole trader exists as long as the owner is alive or until the owner decides to close the business. A sole trader is a great advantage as it is controlled by the owner and any decisions or changes to be made are based by one person, the owner.
Allocate location of business
Many locations were very interesting in many areas. Each had amazing views and surrounding premises. Location is very important as it what customers really look for first. These locations were found to be the most suitable location for a wedding reception:
56 Macquarie St Wentworthville
18 Captain cook St circular quay
111 Marian St Dural
22 grace St Wollongong
The chosen location is 18 captain cook St Circular Quay; it is surrounded by a beautiful view of the water with an overlook of the city. Reason for this location is because of the amazing views; it is known to be a very romantic place for wedding ceremonies and will offer a very remarkable night. This location is also surrounded by beautiful nature as well as a park nearby if photos need to be taken. It is also an advantage as it is a busy environment and easily accessible with availability of public transport, therefore it will attract customers to this reception as not much wedding receptions are provided in this area.
Purpose of plan and Situational analysis
A business that fails to plan, plans to fail. This state’s no one should plan on starting up a business intending to fail. Failure is not having a business plan therefore it is important to have a business plan to guide on how to run the business effectively.
The purpose of the plan is to make sure that the wedding reception manages its time efficiently in order to lead the business to a success. A plan will lay out the direction for the future of the business so that it may stay successful and ahead of competitors. A business plan will help the owner of ‘An ever after’ to analyse the strength of the business against its other competitors which will help assist in identifying any competitive advantage and as well weaknesses that need to be overcome.
A business plan may also be essential as it will help lead the business in a good direction to the future and be aware of any opportunities arising for future growth and presents the business with a clear idea of the priorities set for the business for managers and other employees to follow, it helps managers allocate financial resources effectively and control spending. In addition, purpose of plan is to show the lenders that owners have a great understanding of their business and are enthusiastic in opening one. It indicates the owner’s ability and commitment of their ideas in starting a business and a plan also reveals entrepreneurs are capable of opening a business as writing a plan will result in a much higher success.
SWOT analysis of business
SWOT analysis is a strategic planning method that is used to evaluate the strengths, weaknesses, opportunities and threats involved in the business venture. It involves specifying the objectives of the business and identifying the internal and external factors. The following are the factors of ‘an ever after’ wedding reception business of what it’s succeeding in and what’s stopping it from achieving its goals.
Strengths-
Good name and reputation- the business to be known for its great service so it can attract more customers.
Provide excellent facilities and great quality product- providing great facilities than competitors, helps the business be more successful.
Good location and area – As it is a very busy area with amazing view, the location is considered to be good as it brings many customers to it.
Appeals to target market- the reception satisfies the ages of target market
Good management skills- owner is provided with good skills in running the business
Customer relationships- good interaction with customers
Weaknesses-
Small business- business size smaller than competitors
Limited resources- not much assets to be provided to customers
Poor service offerings- Service too slow
Lack of access to key distribution channels- not good enough access such as to wholesalers
Limited budget- little budget will lead to unsuccessfulness of business in case of debt or future purposes.
Opportunities-
Good economic conditions- economy conditions influence businesses
Social interests- interests of the general public
Changing consumer tastes- increase demand
Market place may be altering due to economic and social factors
Business Essay 商业论文代写 业务评估报告一个有史以来的执行摘要