Notesale: Turn your study into money

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Unit 37 – Starting a small business
Exercise on business types
1
...
McDonalds is a business that trades as a
franchise
...
Advantages of a franchise are:


Be your own boss



Gain additional assistance and training



Profit gained from name recognition

3
...
Advantages of starting up a new business are:


Owner in control of all aspects of the business



Able to make all of the choices



Much less restrictive

5
...
g
...
Advantages of buying an existing business are:


The business is already up and running



Existing employees have experience the owner can learn from



Many of the problems have been discovered already

7
...



Sells every type of game except PS1 and Game cube



Offers magazines which provides all the information needed to know about the gaming
world



Staff who can satisfy all the needs and problems that customers have as well as training
while working



Weekly special offers for most games



USP – Game of the month for each console is ¾ less in price



Vouchers for added equipment for consoles, reducing their prices, e
...
headsets, buzzers,
eye toys, steering wheels, etc



Provide leaflets for all customers, to let them know of all the latest games, sales and offers



Staff have different shifts, 4 working every 7 hours, one hour break included



Create monthly business plans to assist running the business per month



Perform updated research on other game stores (competition), to keep ahead of the market



Perhaps make deals with other businesses to trade products in order to gain different types
of sales



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