Imaginary Business Action Plan Essay - 5508 Words

Imaginary Business Action Plan For this item of course work I have been asked to produce a comprehensive study into starting an imaginary business of my choice in the Ballymena district in which I live. To help me proceed through this I will develop an inclusive action plan which will allow me to see how well Im progressing through the time that I have been given. The action plan will also help me with the points that I must cover to ensure this study is comprehensive. In order for this study to be comprehensive and not lacking in detail or facts I must research all aspects of starting a business. I will be using books, the internet and contacting similar business to aid me in my research;†¦show more content†¦Objectives ========== To make my coursework inclusive Ill need to investigate the following objectives:- 1. Find out the setting up costs required, and how to finance it. 2. Find out if there is space in the market and demand for another electrical store in Ballymena 3. To find out how to attract customers to the shop 4. To find out the lost of the stock 5. Find out about local competition 6. Find the best location for the business to be situated Action plan =========== This is my action plan; I will use this to monitor my progress through out this course work. What Do I Want to Find Out ========================== My aims when doing this research are to find out: * Find out if there is space in the market for my business  · What additional services must I offer to attract customers to the shop * Find out about local competition  · Who is my target market This information will be gathered mainly by primary research; therefore my gathered results will hopefully be more qualitative then quantitative This will involve going out and carrying out questionnaires, the advantages with questionnaires detailed and customized questions can be found out, also you are gathering information from your target market. The disadvantages are that it will takeShow MoreRelatedCreating a Plan for Positive Influence1113 Words   |  5 Pagesthis essay is to create a plan for positive influence within an imaginary project my team has been assigned. This plan will address several key factors that are necessary for positive workplace cohesion and productivity. The plan described within this essay will focus on the human qualities that are most important in any team situation. The plan will exploit the human resources my team possesses and makes the most effective and efficient use of time and capital. My plan will also demonstrate theRead MoreThe generation which sustained democracy through and after the Second World War is dying, and the800 Words   |  4 Pagesfreedom, and teaches public discussion and deliberative arts. 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