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business studies

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Introduction For my year 11 GCSE coursework I have been set the task to write a business plan which I would set up within my school. From what I already know I have come to the conclusion as to running the business as a sole trader. I have done this because only need a small amount of capital needed to be invested; this will reduce the initial start-up costs it will reduce fixed costs because I wont be paying out on other employees wages and being a sole trader, I would not have to consult anyone else about my decisions or actions that I plan to make and also would be able to keep all the profits that the business makes, however becoming a sole trader I will suffer from limited liabilty and will be liable for all of the business's debts. The aim of my business is to provide a useful service...

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