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Setting up a Small Business Assignment

   

Added on  2020-10-05

10 Pages2326 Words207 Views
SETTING UP A SMALL BUSINESS

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Summarizing the business plan...............................................................................................12. Name of the business..............................................................................................................23. Visual identity for the new business.......................................................................................24. Creating the values that helps in promoting the new business................................................2REFERENCES................................................................................................................................3TASK 2............................................................................................................................................31. What is primary research........................................................................................................32. What is Secondary research....................................................................................................33. What is qualitative research....................................................................................................44. What is quantitative research..................................................................................................4REFERENCES................................................................................................................................4TASK 3............................................................................................................................................51. The complying of Equality and Diversity law in recruiting process......................................52. What are the rights that new employee have in company......................................................5REFERENCES................................................................................................................................5TASK 4............................................................................................................................................61. Dilemma facing by Sparkling Skin care.................................................................................6REFERENCES................................................................................................................................6TASK 5............................................................................................................................................6CONCLUSION................................................................................................................................8

INTRODUCTIONPreparing a business plan is essential in order to get complete insight of the operation andmanagement activities of starting a new business venture. Business plan assist in getting all thenecessary information that are required in order to start a new business. The present report willdemonstrate a business plan of Sparkling Skin Care. A complete business plan will be presentedwhich helps in setting up the different business operations. The report will discuss ethicaldilemma that has been facing by company. Report will also include a budgeted cash flow ofSparkling Skin CareTASK 11. Summarizing the business plan.The purpose of preparing a business plan is to setting up a company's strategicmanagement in order to effectively manage, operate and properly set up the administration of thecompany. It is very essential to prepare a business plan as it will reflect the key operations andall the aspects that are necessary in starting a new business. Business plan is important to help inoverviewing every step and keeps the operations towards the goals and mission (Levy, Weitz andGrewal, 2012). A new business plan of Sparkling Skin Care Company will deals in cosmeticproducts is prepared, its main goal and mission of the new plan is to create the cosmetic productsfor both men and women with low chemical products which helps in providing the organic skincare products.Business plan for company will include:Industry: Sparkling Skin-care will operates its business in cosmetic industry of UK. It offers itsbeauty products which includes sun-scream and body moistures etc. Cosmetic industry has awide scope, where using low chemical products is in latest trend.Location: Sparkling Skin-care store will be opened in the local market area Green-ford, London,UK. It is a large suburb area of London. Target Customer: Target market strategy will be based on the customers who are looking for thequality skin products but with less chemical in its ingredients. The main customers of SparklingSkin-care would be both male and female. As the shop is located near market area, it would helpin attracting the walk-in customers.1

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