Business plan definition gcse geography

You're now subscribed to receive email updates! Usually in estates of mainly detached and semi-detached houses, the emphasis has often been on making the houses as spacious as possible. For example, it is important for shops and restaurants to be conveniently located for customers.

Business plan a level business

However once the industry moved out,the inner cities became areas in need of redevelopment. Transects help you to identify and classify zones, enabling you to compare the characteristics of each area. An efficient transport network enables staff to get to work easily. It also allows supplies to be brought in from far afield and permits finished products to be moved to market cheaply and quickly. Drawing up a business plan forces owners to think about their aims, the competition they will face, their financial needs and their likely profits. A business needs to decide on the best location taking into account factors such as: Customers - is the location convenient for customers? A business can perform a SWOT analysis as a way of deciding which marketing strategy to use.

These are covered in detail in a later section. Although models show a very general idea of the shape of the city, all of the ones described here have aspects that can be seen in most cities in the developed and developing world.

Poor planning is a major cause of business failure.

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Drawing up a business plan forces owners to think about their aims, the competition they will face, their financial needs and their likely profits. Nowadays, although the factories have gone, many of the terraced houses remain.

business plan topics

Setting up a business involves risks and reward. Thinking about the use of a SWOT analysis in assessing the contribution of marketing to a business' strategy; Possible strengths in marketing might be: Specialist marketing expertise An innovative product or service The location of the business — convenient for customers The reputation of the brand — perhaps it is trusted or recognised as the highest quality Possible weaknesses in marketing might include: Lack of a clear product differentiation compared with competing products Weak distribution compared with competitors Inadequate online presence Potential marketing opportunities could include: The use of technology to develop new products Growing demand from overseas markets e.

In someplaces, such as Sao Paulo, this means huge luxurious high-rise apartment blocks, whilst in others, such as Delhi, the former colonial areas are the most lucrative in which to own property. In some cities, such as Sao Paulo, schemes have been introduced to help the residents of the favelas, and these people can be found in the sector of housing improvements schemes.

The main zones to concentrate on are: The CBD: The focal point of the city, with the highest land prices.

Importance of a business plan tutor2u

Analysis is when a business interprets information. Producing a document helps clarify thoughts and identify gaps in information The plan provides a logical structure to thinking about the business It encourages the entrepreneur to focus on what the business is really about and how customers and finance-providers can be convinced It helps test the financial viability of the idea - can the business achieve the required level of profitability and not run out of cash? Support services - are there services offering specialist advice, training and support? However in most cases the industry has moved out, leaving the zone empty and in need of renewal. This is the area with the highest land price, which could only be afforded by businesses. London has different areas of its centre that have different functions: the City, Westminster, Oxford Street and the West End all have differing specific functions. As a result, it is essential that management forecast predict what is going to happen to cash flow to make sure the business has enough to survive. Subscribe to email updates from tutor2u Business Join s of fellow Business teachers and students all getting the tutor2u Business team's latest resources and support delivered fresh in their inbox every morning. Losses are the penalty of business failure. Subscribe Thanks. London has also grown to engulf other towns and villages, which have become smaller CBD's within the whole of Greater London. Large cities do display some of these characteristics. In many cities in the UK, such as Birmingham, this zone can be quite easily identified. Transects help you to identify and classify zones, enabling you to compare the characteristics of each area. Subscribe Thanks.

Producing a document helps clarify thoughts and identify gaps in information The plan provides a logical structure to thinking about the business It encourages the entrepreneur to focus on what the business is really about and how customers and finance-providers can be convinced It helps test the financial viability of the idea - can the business achieve the required level of profitability and not run out of cash?

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Marketing: SWOT Analysis and Marketing (GCSE)