BTEC FIRST UNIT 3 P1 All businesses need money to survive in order to buy materials and pay wages and other types of expenses or costs, like utility bills (gas, electricity and water), business rates and advertising. Money coming into a business is called income or revenue and usually comes from customers who pay for the goods and/or services that business provides. If a business' income is greater than its expenditure, it is said to be making profit since money is entering the business than income - then the business is making a loss. Firstly start-up costs are faced once, so they are not too much of a problem. Operating costs, however, are faced every fortnight for the whole time of the business.
Court: I’m Courtney Kar: and im karina, and we are the marketing team. Chels: I’m Chelsea Dyl:Im Dylan Darc: Im darcy and we are the event managers. Court: Our business idea is a service called Spirit of Sport. We plan to use Western Avenue field to have a mini Olympics 2 weeks before the actual Olympics. We will split the field up into four sections which will be ancient Olympics, new Olympics, Youth Olympics and Paralympics.
TASK 3 Stakeholders Stakeholders are the people that are interested in the business. A stakeholder has a direct interest in how the organisation is performing as they are the one that have invested their money into the organisation. If the business does well then they will receive more money than they originally invested although if the organisation don’t perform to the best of their ability then the stakeholders will not be happy as the money they have invested is not being used properly and is being wasted. There are many different types of stakeholders such as, Employees, Government, customers, local community and suppliers. Employees are the people who work at the business.
P4 STARTING A SMALL BUISNESS Financial records I need to keep | * As I am starting my business as a sole trader I will have to keep record of my businesses income and expenses for my tax return. * Keep records of my personal income * As I wont be able to afford an accountant I will have to use traditional methods of accounting by recording income and expenses by the date I was billed. | Sources of finance available to me | * As I already am a vintage clothing enthusiast , I have a vast collection of clothes that I can sell and make quite allot of profit that will help me start of my business. * Family members can loan me money to star of my business * £5000 granted by the princes trust. | Costs that I will need to consider
In specific, our market will expand to 3–to-4- hour car drive far away from GTA. Market Mix (4P) – Promotion Introduction of brand new website of Wahanowin - We will invest $5,500 to $8,000 to overhaul our original website which is outdated, aesthetically unappealing and “juvenile” in nature. The process will start immediately and complete within five to seven months. The brand new website will be introduced to customers and run at no incremental costs. Final use of video yearbook – We will use “video yearbook” to send one-hour DVD to our campers.
Money invested by the business’ owners: When a business is first started, its owners (sole traders or shareholders, for example) may invest money into the business, resulting in a cash flow. Cash Inflows Establishing the business: Starting a new business requires a number of one-off payments, such as advertising the new business and buying equipment
Greetings Parents, Tomorrow, Saturday, November 10, 2012, the team will be traveling to the Columbus Civic Center 400 Fourth Street Columbus, Georgia 31901 to compete in GHSA Cheerleading State Championships. This Saturday as a team we will journey to Columbus to compete. Team members must arrive at Banneker by 7:45 a.m. sharp to board the bus. We will depart Banneker promptly at 8:00 a.m. Only sponsors and team members are allowed to ride the bus. Admission to the competition is $10.00.
Please respond by December 7 so that I can make the appropriate arrangements to schedule the meeting following the management meeting in two weeks. Activity B – Routine e-mail Question/Task 15 marks 2. Write an e-mail to all Borealis College students, staff, and faculty regarding the new procedures. Warn all Web authors whose Internet sites are presently affected by this measure that you will review all personal Web sites to assess new College criteria for online content. Inform future Web site writers that they must submit a proposal to you, the College Webmaster, for approval.
Homework: Each week students will be expected to read the essays to be covered. In addition, a response paper of approximately 250 words based on your reaction to one of the essays in the chapter must be submitted. A response paper is due approximately once a week, but you must submit your response paper prior to the discussion of the essay in class. Students are expected to bring a clean copy of the draft they are working on to class on the date a draft is due. Should the student NOT bring a draft, he or she will lose 10 points off the final essay
- Advertising for Pottery Sale: At our next meeting, we will delegate advertising responsibilities to members. Some ad venues are as follows: Pittsburgh City Paper (one month in advance, and Garick volunteered to contact them), Pittsburgh Post Gazette and Tribune Review, Indiana Gazette, Indiana radio stations, Pittsburgh radio stations, Standard Ceramics. Also, members must post the posters and place posters around Indiana and also at relevant locations in Pittsburgh. - Supplies: Paper bags (check stock), Newsprint (Lucy gets it), Vendor Book (Danna assembles this), Reciept Books (Bryce is in charge of these), bed sheets or cheap table cloths for tables/displays, wooden