Steps to Start a New Business as a Decorator & Decision Makers of a Company Listed on London Stock Exchange

Assessment 1: PART A

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Identify the steps required to start a new business as decorator.................................................3
Identify the decision makers of a company listed under London stock exchange......................4
CONCLUSION ...............................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
Business transactions refers to all the dealing of business that takes place or will happen
in future in the form of money in between two or more persons. All these entries are to be
recorded in the books of accounts which are then posted into ledgers and then final accounts are
prepared (García, 2020). This report provides the steps for opening of new business along with
identifying the decision makers in a big firm listed on London Stock Exchange.
MAIN BODY
Identify the steps required to start a new business as decorator.
David is operating its business as a sole trader and is desiring to begin a firm of decorator
but is unaware about the steps involved in its opening. For stating any business, it is very
important to fulfil all the obligations required for its incorporation. Here is the procedure that
David would have to follow to operate as a proprietor.
 Frame a model - At very first, a model is prepared for the organisation that will help I
ascertaining all the activities that would be required for operating the company and will
also assist in lining up all the actions.
 Creation of model- After that a proper framework is prepared with the help of strategies
which can help in determining the goals and vision of the firm. Here, David is required to
consider all the benefits and disadvantages of the business of decoration according the
realities of market and also have to make a plan about the need of capital and its source of
arrangement (Morgan, 2019).
 Preparation of portfolio- the next important step Is to make a leaflet or a brochure that
will be used to spread the information about business to public. In this, all the details of
the company are mentioned whether its is vision, mission, reach, workings and
proficiency.
 Setting a list of required materials- David after making a portfolio has to prepare a list
of material that would be required for carrying the operations as a decorator such as
designer panels, curtains, balloons, lights, wraps, hangings and many more.
 Prepare a guide- it is important for a business to decode its long as well as short term
objectives. This will guide it in moving towards its operations smoothly. Through this,