Explain the Characteristics of the Local Business Environment Essay

Category: Organization,
Published: 27.12.2019 | Words: 426 | Views: 389
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Intro I am going to talk about characteristic of the local business environment in the Leicester.

My personal chosen business is asian European cafe. Product Marketplace This cafe will be geared towards a niche industry for Euro people who live in Leicester. They may be a lot of people coming from Eastern The european union like Poland, Latvian, Lithuanian and it will aid to me generate income. I look for European general public, because I realize there are lots of Oriental restaurants in Leicester rather than many Western. Sector and industry improvements This business falls into the tertiary sector which is growing faster than primary or secondary as much companies opt to provide service because it brings more earnings than making.

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People pay much more money pertaining to ready goods and services than they certainly for unprocessed trash. At the moment a large number of people haven’t got work which helps you to me to chose more options of quality staff and wages. Tertiary sector is growing fast and took over most of the industry. Major and Second sectors not growing but not expanding while need of computer isn’t big.

Legal Shape Work I possess researched regarding the types of health and safety i would need within a restaurant and possess found out that for my business the restaurant organization I would will need at list level two of meals hygiene license for health insurance and safety and health and protection certificate to get the workplace.?nternet site would be the only owner Sole-trader therefore i do not need to enroll my organization as a firm LTD , nor need a enrollment with business house. I am personally accountable for accounts and paying taxes of the earnings I’ll produce each year. Preparing and Employment I was thinking to spread out my cafe in Narborough road, since it is strategically useful position.

I would really prefer to recruit two bartenders and half a dozen waiters, due to shift alter. Economic developments and Income Recession with the all universe and touches all business sectors in UK. Presently people prevent going to the restaurants. The government increasing VAT which in turn affects small companies and they income.

Opening new company can be really risky especially fresh restaurant. Persons spending more cash for products they absolutely need and not going out of any money to get entertainment. If we will have a glance at hierarchy of Moslow cafe business can be on the top needs for people and humans