Analyse the different aspects that will affect a business
•To be analysed
•Regulations and laws
•Marketing and sales
•Financial issues
Regulations and laws
•What would the affect be on your online business of the following regulations and laws?
•Minimum wage for employees
•Distance selling act
•Being a partnership
•Being a Ltd Company
•Needing to arrange the payment of your own taxes
Marketing and sales
•What would the affect be on your online business of the following?
•An online marketing campaign
•Full page adverts in a major newspaper
•How could you encourage repeat custom
•What would you do if sales were low
Financial issues
•What would the affect be on your online business of the following financial issues?
•Borrowing money to start your business from friends and family
•Borrowing from the bank
•Costs being greater than profits
•Not maintaining accurate financial records
What to do
•Individually write up or verbally explain your analysis of the three aspects
•ONLY IF YOU HAVE ALREADY SUBMITTED PASSES!
•Regulations and laws
•Marketing and sales
•Financial issues
•This should be approximately 500 words
To be handed in on 26/04/13
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