Posts

The budget prediction

On a whole I think that the approach that I took was a success as it outlines specific things that need careful consideration. As we are providing a service to the public we need to keep in contact with what they want, need, or desire, this will then make us the more steady/permanent stationery shop for the students. Will it work? Are there any flaws? Is it realistic? All these questions are what I should be asking myself. Based on my business plan, and the ideas that are written on paper, will it be that easy to put into action?

Business Plan

In order to have the best possible Business Plan I had to take various steps. These may have included: Primary and Secondary research or even an analysis of the competition I'd be facing. Deciding on what we were going to sell was easy, as the business is situated on the college premises and it's for the student body selling stationery was the perfect idea. When the final decision was made it seemed in our best interest to check out who our competitors are and what type of items they sold, and at what prices. Our competitors consist of; WH Smith (main competitor), Woolworths, Rymans, and Stationery Box.