A accessories shop
Our business idea is to sell jewelleries mainly for girls. At this idea people will able to buy jewelleries such as rings, necklaces, earrings and many other things. We have chosen to sell our products in Queen’s Park College that is in the London Borough of city of Westminster. We are providing this service as people have to wear accessories, the accessories we will sell will be elegant and above all our services will be cheap and convenient.
There are many different retail shops outside the Queen’s Park College supplying various services and goods such as a newsagent shop, pub and a fish and chip shops. But there are no accessories services available. We have chosen to sell accessories as simply because there is no accessories shop available at Queens Park College. Our business will be called Reneboy and Pravin accessories partnership. Our business will be a partnership operator as this is the easiest way to set up.
Being a partnership there are less regulations that we would have to comply with but with selling accessories we will have to obtain permission from the head of the College. In order to have a successful business we have conducted extensive research of the competition and we found out that the competition will not have a major effect on our business as the competition is at a greater distance. The reputation on the other hand might play a small part as our shop will be new and not many people will know about it so people might stick to what they know.