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Business Planning - set up a business.  

Member rating: 5 out of 10 stars (2 votes) | Words: | Submitted: Wed Dec 10 2003

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TASK 1 In order to achieve my course in Business Planning, I've been asked to set up a business. My chosen business is to set up a tea room in the high street of Smethwick in Birmingham. It has come to my attention through market research that in Britain, 165 millions cups of tea are drunk everyday. Hence, I've realised that in my area, it seems to be lot of young people aged 16-24. So I come up with the idea of a modern tea room. A modern tea room is a room where people come to have a cup of tea or coffee, sometimes with a sandwich, snack or some soft drinks. I expect my potential customers to be young people aged 16-24, but also some adults from 24 and above. My location as stated above is the High Street of Smethwick. I decided to choose This because it's a commercial area and attracts...

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