Feasibility Study of Starting a New Business
Introduction
This investigation will carry out a study to see if it would be
feasible to open a new nightclub, 'Sinners' in Maidenhead town centre.
Maidenhead is a small town in the southeast of England, located in the
county Berkshire. The nearest major city is London, which is located
twenty-five miles east of the town.
The reason I have chose to investigate this type of business venture
is because I take an interest in this type of business as I would like
to look into it in the future, and also feel Maidenhead possesses the
qualities, and provides a great opportunity to start up a business of
this nature and for it to be successful.
To find out whether this business venture would be feasible, a
feasibility study needs to be carried out covering all aspects
relating to starting up a new business. Several tools will have to
implemented to do so.
There are two main types of tools that will be used; these include
research tools and analysis tools. Firstly the primary research will
include interviews and questionnaires, and from this the information
needed such as demand levels and financial information will be
analysed to help with the final decision of the study. For secondary
research company account will be used, along with books, maps, and
Internet sites. All these sources will allow me to find out about the
local area of Maidenhead such as demographic information and
statistics. All this research will aid me in being able to make my
location decision.
There are several analytical tools that will be implemented, and these
will be marketing tools such as PEST analysis and SWOT analysis,
financial tools such as cash flow forecast and break-even analysis.
Then the final part of the report will be the analysis and conclusion,
to actually see if it is viable to open a nightclub as a business
venture in Maidenhead.
Secondary Research Objectives and methodology
Objective 1
The first is to decide where in Maidenhead Sinners is going to be
located. Research on the infrastructure and rent values in maidenhead
needs to be carried out so information can be gained on some of my
start up costs. Locations of direct competition (other nightclubs),
and indirect competitors (public houses/bars), which are located in
the area will be researched, so the best possible location can be
chosen in Maidenhead for Sinners.
Method
To find out information on land values in and around Maidenhead I will
visit the local town hall and pick up some local information booklets.
To find out about the local infrastructure and competitors of
Maidenhead, I will use the local Windsor and Maidenhead borough
However, I have worked as a tele-marketer here at the university soliciting funds from alumni and previo...
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Have you ever walked into a store and notice that your favorite items are always at the end of the store or on the right side? Stores and businesses use different ways to target your ability as a shopper to get you to purchase more and frequent their stores more often than what you would normally do. Malcolm Gladwell and Charles Duhigg explain different shopping method in which stores and businesses use to get you to walk into their store and purchase items in which you need and don’t need. In Gladwell’s article of the “The Science of Shopping”, Gladwell explains with great analytical detail the strategies that stores and businesses use to bring in customers frequently and buy more products than what the customer actually needs. As well as Duhigg implements his ideas and the psychology of “ The Power of Habit” that trigger the process of cues and rewards that creates a habit that maybe hard to break. Vons uses Duhigg’s and Glagwell’s marketing techniques well to attract more customers into their store by using the tracking of recent purchase made by the customer to provide coupons for the customers next purchase.
Then you have to make a decision, If you want to be Successful and make Lot of
In 1564 the creator of modern science and physics was born in Pisa, Italy. Galileo Galilei was Europe’s most celebrated scientist. His early experiments laid the foundation for modern physics. His observation revealed new truths about the universe. Galileo was a great philosopher of nature. He revolutionized our understanding of astronomy. Galileo was a devout Catholic with a strong faith and strongly believed in the Holy Scriptures. In 1600 Galileo’s first of three illegitimate children, Virginia was born. Virginia would prove to be his greatest strength in later years. Galileo questioned the Catholic Church’s view of the world and ended up spending the end of his life under house arrest.
The plot of the play revolves around Oedipus during his young age; when he was young he is shown to have raped a girl who then committed suicide due to the shame. In this case, he is shown to have attracted a curse since at young age; he was blinded to sacred laws of hospitality. The king Lauis and Queen of Thebes decides to kill the infant Oedipus; but the person sent to kill hesitates to do so. Other than killing him, the servant sent takes him to the mountain to die out of exposure (Brown 254). Instead of dying out of exposure, he is rescued by a shepherd who takes him to Corinth and he is raised as a childless king. Having the knowledge of the fact that he is not the biol...
For some people, being the boss, and which by boss I mean business owner, would be the greatest thing ever. Most think you get to pick your own hours, make the most money, and make everyone do the things you want done. Of course there is work involved and it takes work to make it but the rewards will be better owning a business that succeeds. The ultimate goal is becoming a millionaire and retiring at the age of forty and just drawing money from business production. However they really don’t understand the work it takes to make it a million dollar company. When these people are finally able to own a business they get a rude awakening. I am in no way trying to offend the typical business owner when I say, owning a business can be a challenging task that can cause many complications in your life and if you’re not careful they can change your life entirely.
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Starting a small business is often one of the hardest things a person can do. Some people start a business out of pure fascination, or even as a hobby. Whether starting a business for personal reasons or simply the grandeur to make loads of money, everybody needs to have a plan. Starting a small business is no easy task and can take days if not months to prepare. The most important aspect to have is the tempura and heart to start a small business, as without passion, no business can succeed. One has to be his or her own boss, make dream, reality and be willing to market and sell a product. It takes a lot of discipline, long hours and hard work, something many do not have. However with the right willingness, passion and dedication a business can be the start of something big.
find it difficult to set up a business and make it a success. This is
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