Final Business Idea Unit 1 P4. My Business What does your business do? Where is it located? What...
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Transcript of Final Business Idea Unit 1 P4. My Business What does your business do? Where is it located? What...
Final Business Idea
Unit 1 P4
My Business
• What does your business do?
• Where is it located?
• What type of ownership is it? (ie franchise, sole trader, partnership etc)
Features of my business
• What is your USP (Unique selling point) – what makes your business different from the competition?
• Who will your competitors be?
Who are your customers?
• Who will be your main customer range? How will you make sure your meet their needs and target them properly?
Aims & Objectives
• Include one Aim (overall target)
• You must include 2 SMART objectives for your business
• Why will your business be profitable? What are your price ranges?
STEP Analysis
• How will the following factors effect your business? What will your business need?
• Social• Technological• Equipment• Personal
Justification
• Why did you decide to chose this business?
• Is there a demand or gap in the market?
• How would your business benefit Folkestone?