Opening a Business in My Neighbouring Area Essay -- Business Managemen

Opening a stemma in my Neighbouring AreaBackground to the BusinessWhen we were first set this intercommunicate to complete I thought andresearched into the many production line I could make water selected to pay in myneighbouring ara. There were many options I could ingest elect for myproject, after long consideration I managed to narrow down my concluding cerebrations into four businesses in which I could have chosen and were most commensurate for my project. My ideas which I thought of were a eating placewhich would denounce wet beverages, non alcoholic beverages andmeals, a clothing stock certificate for young adults, a watcher store which wouldsell cosmetics and other products similar, and finally a stationarystore which would sell school equipment, and many other stationary right(a)s. I thought most each option carefully and went through theadvantages and disadvantages to each proposal I had to decide from.To begin with I went through the advantages and disadvantag esof opening a eating house in my neighbouring area, if I were to open arestaurant in that location would be a great deal of competition in the locationof Brighouse as there are several restaurants in Brighouse, one of mycompetitors if I were to open up a restaurant in Brighouse would be LaRomantica, this restaurant is a successful Italian restaurant whichhas been open for a hardly a(prenominal) years, within this period of time it has builtup a substantially reputation to the people in and around Brighouse. Anothercompetitor is the stand restaurant this is an upper class restaurantwhich also has a good status like La Romantica. Other restaurantswhich would not be classed as high competitors unlike the above areThe Golden Hind fish Restaurant, The Auctioneer, Swankies, BengalBrassiere and Water Front Lodge. The advantages of having a restaurantsituated in Brighouse would be that there is a good market demand forrestaurants in Brighouse and that would produce the business profit .So I came to the conclusion to decide against the idea of opening arestaurant in Brighouse because of the competition, the competition is similarly big for a small restaurant to contend with. Also there aremore disadvantages than advantages.Secondly I could have opened a beauty store in the centre ofBrighouse much like the nation-wide store Boots. If I were to open abeauty store in the centre of Brighouse there could be many advantag... ... income support and job seekers allowance from the governance,which result hatch that the government will have more money to spend inthe budget on public services such as the NHS, schools and the jurisprudenceforce. Also for my business I will have to pay taxes on my profitswill again go to government services and the advantage of publicsectors in the UK. Also other people will be paying taxes on myproducts, which will be used by the government to be used on publicservices in the UK. and my business could create inflation in thecountry, w hich is a negative issue, this could be due to an increaseof demand in products, so prices would rise and little people wouldspend their money on them as their prices would be too high. Anotherbad issue could be that the government might have to spend money onimproving the environment due to the damage which might be caused bymy retail outlet, some of these damages which my business could do are contaminant such as waste pollution which would be my leaflets whichpeople could have dumped in the street therefore the council will haveto get more cleaners, also noise pollution by the heavy pedestriancongestion which might occur.