I am planning to open an Italian restaurant which will be located in
Ilford. The business will be owned and operated by me. My goals are to
combine my skills in developing an up market, price competitive
restaurant catering for 18 – 35 year old males and females. The
restaurant will be focused on meeting customer’s needs, which will
ensure steady repeat and referral of the business.
In my first year of business, I will work on a rented building. There
are many reasons why I am opening my own business. Starting with the
fundamentals, I have a strong belief that to be in business you need
to have a passion and interest, which can be translated into
commitment and dedication to the success of the business.
My primary reasons for starting my own business are:
· To be my own boss and take full responsibilities for my decisions
· To support my lifestyle financially
· To be challenged in the work place and build a successful business I
can take pride in
· To provide a quality service to my existing and new clientele in a
Sole trader is a person who sets up a business by themselves. As a
Sole trader the owner himself is responsible for every action made and
also keeps all of the profit. This could be a newsagent's shop, for
example. Individuals, who provide a specialist service like
hairdressers, plumbers or photographers, are also sole traders. Sole
traders do not have a separate legal existence. As a result, the
owners are personally liable for the firm's debts, and may have to pay
them out of their own pocket.
Advantages of Sole Trader
- The business is to be set up. Apart from any necessary licenses or
planning permission, there are very few legal formalities.
- Although accounts are seen by the Inland Revenue, they do not have
to be made public.
- The business is usually small, and the owner is in charge of the
management. Decisions can be made quickly
- The owner gets all of the profit from the business
- Being a small business can provide attention to the customers
Disadvantages of Sole Trader
- Sole traders have to work very long hours particularly when setting
up a business.
- Difficult for the business to expand
- No cont...
... middle of paper ...
...usinesses lose a lot of money through sickness absence, not all of it
medically justified. While many of the issues can be handled on the
basis of give and take, there are times when clear policies and
decisive action are needed to resolve difficult situations.
The great majority of new businesses set up each year in the UK choose
to do so as sole traders. This arrangement has the advantage of being
reasonably free of formalities and restrictions, unless you intend to
register for VAT, there are no rules about the records you have to
keep. Other than you do have to keep records.
As a Sole Trader you take complete responsibility for the running of
the business. Your business is one of your assets just like your house
or car. An important consequence of this is that if your business
fails, your creditors have a claim not only on the assets of the
business, but also on your personal assets, subject only to the
Note that being a Sole Trader does not imply that the business only
employs one person, If your business grows you may employ extra staff
however you will still be a Sole Trader, because it will be your
business and your liability.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- The smooth, heart felt voice of Jersey Boy, Frank Sinatra, floods your ears as you enter Mario’s Tutte Bene. The dim lighted, dining room with hanging Tiffany Lamps and era style tables from the 1940’s, takes you back into an era of glamor and organized crime. The half-moon Italian leather booths that surround the outmost of the dinner room are soft and comfortable. The authentic Italian foods such as Penne Vodka, Chicken Saltimbocca, Shrimp Scampi and Veal Parmigiana engulf your sense of smell and make your mouth water.... [tags: food and restaurant critique]
925 words (2.6 pages)
- The context of this summary is about the service process of Bella Vita, an Italian inspired restaurant and bar in New Plymouth. The whole purpose is to gain knowledge and to analyze various aspects of services provided by Bella Vita. The primary objective is to experience the service offered by Bella Vita and to figure out its service outcome. It is followed by collecting secondary data about the services offered by the restaurant, analyzing the pros and cons, and providing conclusions and recommendations.... [tags: Customer service, Customer, Italian cuisine, Good]
946 words (2.7 pages)
- I work at an Italian restaurant called Vic & Angelo’s. There is so many things I dislike about that place; more than I can count on my ten ashy dark fingers. The restaurant has gone downhill since I was hired there a year ago. My coworkers would most likely agree with me especially the ones that have worked there longer than me. I can go on all day on why I hate my job, but the top reasons I really hate working there because of how noisy it is, the smelly areas, and the unfairness to my fellow employees.... [tags: Olfaction, Odor, Smell, Bathroom]
1082 words (3.1 pages)
- While working as a server at a beautiful Italian restaurant you start your normal routine with a new table. After taking their complete order, their food is ready, and it is finally time to serve them. You ask them if they want freshly grated parmesan cheese and as your grating the cheese, you poor the cheese in their lap instead of their food. It was a completely an accident that you apologized for right away. This example, would be considered a mistakes, which are unavoidable at times. As an employer it is easy to move past simple mistakes that employees will make, but vindictively making choices that are unacceptable for the company cannot go overlooked.... [tags: Abuse, Employment, Bullying, Psychological abuse]
1316 words (3.8 pages)
- A Classic Erie Restaurant Dining at popular chain restaurants can get boring after awhile, as they tend to have similar atmospheres and can be predictable. Local restaurants, however have a special charm and family feel to them. Every city has their own few special family owned restaurants that are well known amongst the city’s residents. In Erie, PA one of these restaurants is known as Syd’s Place which is located on West Lake Rd near the peninsula. Established in 1933, Syd’s Place has become a staple for many Erie residents as well as those visiting the city.... [tags: Restaurant, Food, Rooms, Eating]
1153 words (3.3 pages)
- ... You will be greeted by some of the friendliest hostesses around, if not by one of the owners, husband and wife Ron and Sandy Stapleton themselves. You’ll feel as if you’ve all been friends forever by the easy smiles and conversation as you’re shown to your table. If you’re a town resident, seeing that this is a hometown place, frequented by many locals, you just might run into quite a few old friends before you make it to your table. You can choose to be seated on the bar side which is the smaller side and includes the smooth wooden bar surrounded by about fifteen high backed bar stools and a few booths and tables scattered sparsely.... [tags: new england, food, family]
1048 words (3 pages)
- The restaurant industry is a multibillion dollar industry that continues to grow each day and change the community that they are in forever. Opening a new restaurant will improve the economy dramatically because it will increase the amount of money that is spent in the community. There are many positive factors to opening a new restaurant in a community that boast economic, social, and political remuneration. A new restaurant will create jobs, it will support local food producers and it will help a community economically because the restaurant is giving money back through paying taxes.... [tags: Restaurant, Food, Local food, Want]
2011 words (5.7 pages)
- The Similarity of Cambridge to Central Ilford The aim of this chapter is to outline and discuss the similarities between two urban areas, Central Ilford and Cambridge, so that a greater understanding of City Centres can be achieved. It will test the hypothesis, not all town and city centres are the same. Results from geographical skills will be used to complete the task.. An environmental survey, questionnaire, land use survey will be carried out for Ilford to compare different aspects.... [tags: Papers]
1389 words (4 pages)
- The Italian Gothic literature changes from age to age to reflect the current socio-cultural situation of the time. Stories such as The Italian, The Monk, Vathek and writers such as Poe, Carter, Radcliffe and Shelley have presented facets of the Gothic. The Gothic is the representation of the darker side of awareness, a realm of neurosis and morbidity whereby it is a fantasy world that reveals secrets of the human personality. In this excerpt of The Italian, there are typical Gothic conventions of its age.... [tags: Gothic Literature Italian Essays]
1436 words (4.1 pages)
- It was a special day, a day very much akin to a day in a life of a syndicated series, but with no commercials. You see, it was this day one week prior that Captain Planet and the Planeteers had vanquished all of the Eco-Villains (Hoggish Greedly, Dr. Blight, Duke Nukem, Looten Plunder, Verminous Skumm, Sly Sludge, Captain Pollution, and even the nefarious Zarm himself) in an escapade so daring that they incidentally cured global warming, air pollution, and world hunger simply because their heroics were so epic in scale.... [tags: Restaurant Review]
2531 words (7.2 pages)