Business Planning

... Task A - Business Planning For this task I have been asked to create an imaginary business in which I simulate all aspects of running the business. This ranges from the initial start up of the business, generating ideas, gathering capital and sorting out where to locate the business. Afterwards I will continue by analyzing the business using methods such as breakeven analysis, cash flow forecasts and balance sheets. A business is either a single person or multiple people who share the same interest to sell a product or a service to customers. There are four major types of business organizations; the first is a soletrader - the smallest of the four. A soletrader is a single person who runs the business and controls all aspect of the business. S/he will either gain all the profit and/or the losses. An important point is that soletraders have the risk of unlimited liability which

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