Business types

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Results and analysis of questionnaire:I found that 100% of people who didn’t have a computer would consider perchasing one. this is 23% of the total questionnaire. Here is some more information I found in graph form all graphs explained in the columns below This graph shows me that people will pay any thing in the region of 1001-1100 this means this if seven people would buy a new computer this will mean I earn at least 7000, and that is out of thirty people seven out of thirty is 23% nearly 25% of the population of leicester may buy a compueter system. This is an average so it could be lower or higher.

This graph shows me the majority of people would want computer systems to suit their needs, this is a service that most companies don’t provide encouraging more people to chose my business over others. This also means I can sell people more expensive computers because if they choose to go for that option I can sell them a computer that is over what they need. This graph tells me that a large proportion of people and companies will upgrade there computers in the near future. Infact 83% will upgrade their computer systems, this means that I will offer another service were by I upgrade a ones computer for a price no matter who they buy them from, I will gain a large prifit from this.

Competition: There is some competition in the area. None of the competition provides the services RCS will provide. This will set RCS above all other competition, because people will see RCS as being user friendly and personalised, the services we provide makes us seem like we want to help the individual and people like that this si shown by the questionnaire because people want personalised computers and computers are still in need people are still buying computers, and if there not buying them the customers are upgrading. There is new hardware coming out all the time and people want and need the best systems out. Computer sales and upgrades are still a high profit business.

Conclusion: I conclude that RCS will be a high profit business, and will continue for many centuries to come, and the services I provide will immediately put me ahead of the competition, this is shown indirectly by the questionnaire, is shows what people want and I am doing what they want, “the customer is always right”.There are many different types of business I can set up and run my business as, but not all will suit my business I have to concider the choicesso I know which is the best for my business and which I will not only succed with but which one I will make the largest prifit as here are the choices and some benefits and disadvantages.

Sole trader, owned by one person, and that one person has full control over the business. One person recives all the profits, although has unlimited liability. Partnership, partner ships are 2-20 people who own the business and run it, this may cause arguments, although this means more suggestions on how to run the business can be thought up, therefor the best choice can be made profits are shared equally so you get less money, than if you were in a sole trader business. Each partner puts capital into the business so the business can start off bigger. You need to fill in a deed of partnership to run the business in a partnership.

Franchising, this is less risky than the normal way to set up business but it is more expensive. This is where a large business helps the small business to set up in rsturn for payment. Cooperatives, there are three types of cooperatives, worker cooperative, consumer cooperative and marketing cooperative. A worker cooperative is where the owrkers own the besiness and they all share the profits equally instead of being ona payrole.

A consumer cooperative is where some of the consumers own and run the business so they get some form of discount. A marketing cooperative is where a number of small firms own the cooperative and share its services to each other. Anlysis This is where I will anylise the business types I can use or can’t use for my business and choose the best one for my business and give a reason.

I think the best choice for my busines is the sole trader because my business will only be a small business, I don’t want it to be too big. if I set my business up as a sole trader business I will get all the profits I would only need to set up my business as a partner ship if I couldn’t raise the capital but I can, and I know how to run it I don’t need any help. I couldn’t set up my business as a franchisee because there are no computer businesses that sell franchises in this area of business. I could not use any of the cooperatives because then I wouldn’t get much of the profit and this is not the type of business to use when setting up my business because I want to own and run it.

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