Gcse Business Plan

GCSE Business Studies - Starting a Business - Business Plan - Sporting Glory

Business Plan

a) Name: Sporting Glory

b) Address: High Street, Sutton, Surrey.

c) Limited Company/Partnership/Sole Trader: Sole Trader - Will go public (PLC) if business is successful.

d) What does your business do? The business will sell quality affordable sports clothes and equipment through a retail store.

e) Date you started trading: The business will start trading early 2003, depending on how quickly the business is set up.

f) Aims: To sell quality sports clothes equipment that is affordable, covering a wide range of sports and customers needs.

g) Products/Services offered: The business will offer

The shop will have machinery such as cash registers, security devices (cameras burglar alarms etc.), smoke alarms, computers to check stock availability etc. Most of the equipment will not need to be the latest and most expensive devices as the store involved will only be a small one.

n) Profit: All the profit will go to the owner and businessperson Murtuza Husain (myself). The estimated cost of setting up the business is around £42,000. Therefore the income received from the business after this amount will be the profit. An estimated monthly turnover would be: £3000 which would result in time period of about 14 months for the business to break even (assuming all income went towards breaking even).

o) Cash Flow: Payments will be received whenever an item is purchased from the shop. Payment options will include cash, cheque or credit or debit card. This has been estimated to be around £3000 per month. Cash will also go out as the business will need to buy stock, pay staff, pay electricity rates for the shop and other payments. This is