Wednesday, 29 February 2012

Buisness Notes: Possible pitfalls of operating as a franchise

Pitfalls of operating as a franchisee Specific contracts Have to pay a large franchise fee and other expenses Loads of competition Takes most of the risk If the franchise fails you fail Pitfalls of operating as a franchisor Have to provide the equipment Has to train the franchisee May get a bad reputation Franchise may grow too fast - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficialCheck...

Business Notes: Benefits of operating as a franchise

Benefits for the franchisee: Get provided with the equipment Already have a customer base Become apart of an established business Don't have to start from scratch Training and on going support Benefit from marketing campaigns Know costs Benefits for the franchisor Benefits from the growth Fairly low risk Become more well known in a wider geographical area Reputation Rapid growth Franchisee is...

Business Notes: What is a franchise?

A franchise occurs when one business (the franchisor) sells the right to use and sell its products and/or services to another business (the franchisee). Examples include Burger King and Mcdonalds. - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd...

Business Notes: Identifying a product or market niche

A niche is something that is specialise or unique. For most entrepreneurs, identifying a broad business idea is relatively easy. But it is more difficult to identify the exact product to be made and the market niche to be occupied. For example, someone setting up a Bed and Breakfast business has to decide whether to go upmarket or downmarket, and whether to aim at holiday or business people. Business...

Business Notes: What is opportunity cost?

Opportunity cost is giving up something else to buy something at the cost of the alternative forgone. EXAMPLE: An entrepreneur's social life and career may need to be given up when starting a business. - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd...

Business Notes: What are some of the other potential risks and rewards of starting a business?

Risks: Failure Potential of personal debt Not gaining/ having support Gaining a bad reputation Not haing enough skills Having too high hopes Gambling everything Loss of personal life Personal credit rating Health/ Stress Rewards: Profit/money Success Good reputation Satisfaction Qualifications Skills Being the best in a specific field Being able to afford luxuries Enjoying your job Gaining a status Gaining...

Business Notes: The importance of risks and rewards such as profit

In the UK, people tend to be risk averse and afraid of failure. As the majority of new businesses fail, such fears are well-placed. Business failure can occur because of: Lack of skills Poor infrastucture Finance shortages Complexity of regulations, or red tape (paperwork) If a business fails, it may leave debts to be paid off. The entrepreneur may have borrowed money to finance the buiness. However,...

Business Notes: What is the difference between an inventor and an entrepreneur?

An inventor introduces a new product/ idea but lack business skills where as an entrepneur is a person who puts the idea into practice. - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd me as a friend on Facebook: https://www.facebook.com/esjaeofficialE-mail...

Business Notes: What are the qualities and characteristics of an entrepreneur?

What are the qualities and characteristics of an entrepreneur? Confident Open to advice Creative Good at public speaking Risk taker Able to learn from their mistakes Opportunistic Able to work to deadlines Smart Has belief in themselves and their idea Ambitious Determined Able to work in a team and individually Organised Responsible Hard working Patient Has leadership skills Good with numbers Passionate Has...

Business Notes: Key Term - Primary Sector

The primary sector is the extraction of raw materials. - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd me as a friend on Facebook: https://www.facebook.com/esjaeofficialE-mail me: esjae-official@hotmail.co...

Business Notes: Key Term - Output

Output is the finished products that result from the production process. - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd me as a friend on Facebook: https://www.facebook.com/esjaeofficialE-mail me: esjae-official@hotmail.co...

Business Notes: Key Term - Production

Production is the process of transforming resources into the products and services that meet the customers wants and needs. - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd me as a friend on Facebook: https://www.facebook.com/esjaeofficialE-mail...

Business Notes: Key Term - Factors of Production

Factors of production includes land, labour, capital and enterprise/ entrepreneurship. - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd me as a friend on Facebook: https://www.facebook.com/esjaeofficialE-mail me: esjae-official@hotmail.co...

Business Notes: Key Term- Resources (or inputs)

Resources (or inputs) are what is needed to start production. - Esjae x Follow me on Twitter: http://twitter.com/esjaeofficial Check out my poetry/ writing blog: http://esjaeofficial.blogspot.com Subscribe to me of Youtube: http://www.youtube.com/theofficialesjae Add me as a friend on Facebook: https://www.facebook.com/esjaeofficial E-mail me: esjae-official@hotmail.co...

Tracklist:1. I Like You (Prod. SowkProductions) - VB Artist2. So Alive (Prod. Superstaro) - VB Artist3. Over Nothing (FT. Rager Artist) - VB Artist4. Titanic Remix (FT. Matty C & Jade Crawford) - VB Artist5. You Know Why (Anniversary Song) - VB Artist6. One In A Million (FT. Mr.Sparks) - VB Artist This...

Business Notes: Videos - Kraft/Cadbury: One Year On - Financial Times

Kraft & Cadbury - One Year On Jan 14th, 2011 - Louise Lucas travels to Bournville, the home of Cadbury, to see how the local community has been affected by Irene Rosenfeld and Kraft's takeover of the UK chocolate maker one year on.For more on Kraft, Cadbury and their combined future visit the Financial Times at: http://www.ft.com/video A great video if you're learning or researching about...

Business Notes: Videos - Cadbury takeover: Locals and workers react

Negative local reaction to the takeover being completed Cadbury workers and locals in Birmingham react after the chocolate maker finalises a deal with US firm Kraft. A great video if you are studying take overs and merges. Source: http://www.youtube.com/watch?v=EokUZc0kONM&feature=player_embedded Source: http://www.tutor2u.net/blog/index.php/business-studies/comments/takeover-insights-kraft-cadbury-the-story-in-video-clips -...

Business Notes: Video - Kraft Foods, Cadbury Agree $19.5 Bln Deal

Kraft gets agreement from Cadbury: British candy maker Cadbury agreed to a fattened $19.5 billion takeover offer from U.S. food group Kraft in a deal that would create the world's biggest chocolate maker. (Jan. 19) A great video if you are studying take overs and merges. Source: http://www.youtube.com/watch?v=U7I04edmK7U&feature=player_embedded Source: http://www.tutor2u.net/blog/index.php/business-studies/comments/takeover-insights-kraft-cadbury-the-story-in-video-clips -...

Business Notes: Video - Cadbury chocolate takeover deal

Concerns from stakeholders, including Unions: British chocolate-maker Cadbury has been swallowed up by the US food giant Kraft for just under $20 billion. Kraft has been trying to take control of Cadbury for some time now, and this improved offer seems to have sealed the deal. Al Jazeera's Jonah Hull reports from Cadbury HQ in Bourneville, in the UK's Midlands. (18 January, 2010) A great video...

Business Notes: Video - Unions voice fresh Cadbury jobs fears

Unions voice fresh Cadbury jobs fears Unions representing thousands of Cadbury workers have voiced fresh fears for jobs on the eve of the expected takeover. A great video if you're studying take overs, merges or unions. Source: http://www.youtube.com/watch?v=93ktVIEFq2Q&feature=player_embedded Source: http://www.tutor2u.net/blog/index.php/business-studies/comments/takeover-insights-kraft-cadbury-the-story-in-video-clips -...

Business Notes: Video - Cadbury Rejects Kraft Bid As Not So Sweet

Cadbury rejects the initial bid: Cadbury has rejected a renewed $16.4 billion hostile bid from Kraft Foods after the company refused to sweeten a previous offer. (Nov. 9) A great video if you are studying take overs and merges. Source: http://www.youtube.com/watch?v=GY7n0P6zrpk&feature=player_embedded Source: http://www.tutor2u.net/blog/index.php/business-studies/comments/takeover-insights-kraft-cadbury-the-story-in-video-clips -...

Business Notes: Video - In-Depth Look - No Kraft-Cadbury Combo...For Now - Bloomberg

Analysing who might counter bid and how much Kraft should pay (from the perspective of Kraft shareholders) Interview and discussion with David Leibovitz of the Horizon Asset Management. He talks about Kraft offers to buy Cadbury. (Bloomberg News) A great video if you're studying take overs and merges. Source: http://www.tutor2u.net/blog/index.php/business-studies/comments/takeover-insights-kraft-cadbury-the-story-in-video-clips Source:...

Business Notes: Video - FT's Lex Columnist Buckley on Kraft's Cadbury Offer

Analysing the Price Inititally Offered by Kraft Oct. 2 (Bloomberg) -- Neil Buckley of the Financial Times' Lex commentary team talks with Bloomberg's Deirdre Bolton about the Kraft Food Inc.'s bid for Cadbury Plc. (Source: Bloomberg) Source: http://www.youtube.com/watch?feature=player_embedded&v=toICXte9Ox4 Source: http://www.tutor2u.net/blog/index.php/business-studies/comments/takeover-insights-kraft-cadbury-the-story-in-video-clips A...

Business Notes: What is enterprise?

Enterprise is the process of turning an idea into a working business. An entrepreneur is an individual that turns an idea into a real working business. What is enterprise? The word usually refers to the process by which new businesses are started and new products or services brought to market. Enterprises are usually led by an entrepreneur. The individual who takes the risk and turns a business...

Business Notes: Entrepreneurs

An entrepreneur is someone who is willing to take a risk to start a new project or a new business. ‘Enterprise’ refers to the skills needed to do this. An entrepreneur has an idea and then tries to make it work. Entrepreneurs see the resources that are available and the possibilities of combining them in a particular way to provide a product or service. Entrepreneurs create new businesses and in so...

Business Notes: Risk and Reward

Entrepreneurs are prepared to take risks. They are investing time, money and effort into a new project that may or may not work. The danger is that it will not work and all their investment will be lost. Many new businesses fail. Look at the high street in your nearest village or town. How long have the shops been there? Have some opened up recently? Have some closed down in the last year? The landscape...

- Esjae xFollow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd me as a friend on Facebook: https://www.facebook.com/esjaeofficialE-mail me: esjae-official@hot...

Business Notes: Case Study - Beautiful Vending

Neil Mackay and Richard Starrett met while studying at Glasgow’s Strathclyde University. One day in 2004, they were talking about the problems that young women have with ‘frizzy hair’ when out clubbing. They came up with a great product idea – a vending machine that helps women to straighten their hair quickly on arrival at their destination. They took over a year to develop the idea, and over £100,000...

Business Notes: Key Term - Entrepreneur

Entrepreneurs are individuals who take the risk to create or start a new business or project. - Esjae xFollow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd me as a friend on Facebook: https://www.facebook.com/esjaeofficialE-mail me: esjae-official@hotmail.co...

Business Notes: Key Term - Enterprise

Enterprise is the skill needed to make a new business idea work. - Esjae xFollow me on Twitter: http://twitter.com/esjaeofficialCheck out my poetry/ writing blog: http://esjaeofficial.blogspot.comSubscribe to me of Youtube: http://www.youtube.com/theofficialesjaeAdd me as a friend on Facebook: https://www.facebook.com/esjaeofficialE-mail me: esjae-official@hotmail.co...

Business Notes: Why become an entrepreneur?

More than three million people or 12 per cent of the UK population, have already set up in business on their own. Research by Vodafone indicates that a further 6 per cent of UK adults are in the process of setting up their own business and nearly a third of all people are considering doing so. So what drives people to set up their own business? Wanting to be your own boss For satisfaction You get...

Business Notes: Opportunity Costs

The opportunity cost of starting a business venture refers to the benefits that could have been gained from an alternative project. If an entrepreneur invests their money and time into setting up a fashion business rather than a cafe, the opportunity cost is the rewards that could have been gained from the cafe. Any decision to set up a business will involve an opportunity cost. When choosing to...

Business Notes: Unit 4 Topic 2: The Relationship Between Businesses and the Economic Environment

Business and its External Environment All business take place within a much wider context than the business itself: The business takes place in the competitive environment which takes place in the general business environment. The Competitive Environment: -Varies from industry to industry EXAMPLE: The number of competitors dictates to what extent a business can raise or lower its prices...

Interviews: Chris Valeboy

So here is the first of the interviews for this section of the blog! This interview is featuring Chris Valeboy an up and coming rapper/mc and producer, here is his answers to my questions: When did you start writing/ producing music?I started writing music before I even started rapping/mcing. I thought because I write, I might as well express my lyrics on a song. I started producing/making my own...

The following post contains notes made the lessons covering the AQA Business Studies Unit 4 Topic 1: Understanding Mission Aims and Objectives. Mission aims are general and illustrate the reasons why a business exists. Aims are short to medium term targets usually covering a period of 2-3 years. They...

Business Notes: 3.4 Unit 4 BUSS 4 The Business Environment and Managing Change (Specification)

Here is the Unit 4 specification I recieved for my Unit 4 A Level. 3.4 Unit 4 BUSS 4 The Business Environment and Managing Change This unit is designed to be synoptic and draws upon all other units of the specification in cluding the AS units. It considers the relationship between businesses and external factors. It examines how external factors can impact upon businesses, and the responses they...

Business Notes: Understanding Mission, Aims and Objectives Key Words

A mission statement is a general statement illustrating why a business exists Corporate aims are long terms goals of the business (3/5years) Corporate objectives are short to medium term targets of the business A Stakeholder is an individual or group who has an interest in the business More business related posts to come soon! - Esjae x Twitter: https://twitter.com/#!/esjaeofficial Facebook...

Update: Interview With Chris Valeboy Coming Soon

Just to keep you all updated I'm currently working on an interview with the up and coming artist Chris Valeboy! Hopefully this will be posted within the next week along with my review of his new mixtape 'LOVEs TAIL' - So watch this space. - Esjae x Twitter: https://twitter.com/#!/esjaeofficialFacebook Fanpage: https://www.facebook.com/theesjaeofficialFacebook Profile: https://www.facebook.com/esjaeofficialYoutube:...

Reviews: Chris Brown–Turn Up The Music (Music Video)

It is sometimes difficult to know what to expect from Chris Brown when it comes to the sound of his music but with this track the overall sound of the track ‘Turn Up The Music’, a new single from his ‘Fortune’ album, is that of the electronic dance style similar to his hit ‘Yeah 3X’ released in 2010. With Chris Brown being an incredible dancer it makes sense to his fans and other watchers...

Business Notes: Introduction

All of the notes that I will be posting will be associated with my AQA Business Studies A Level which I will be completing in July 2012 form then on I hope to continue posting notes based upon the foundation degree course in Business and Management starting in September 2012 (I’ll let you know in August if this is to definitely take place) Thanks - Esjae x...

My Views: The Brits 2012

The results of the night were as follows: British Male Solo Artist WINNER: Ed Sheeran British Female Solo Artist WINNER: Adele British Breakthrough Act WINNER: Ed Sheeran British Group WINNER: Coldplay British Single WINNER: One Direction - What Makes You Beautiful MasterCard British Album of the Year WINNER: Adele International Male Solo Artist WINNER: Bruno...

Things To Come

I have decided to expand the written content on here, so I’ll be writing about more of a variety of things not just my creative writing. In the future you will see Interviews, reviews, my views on different news, plus my business course notes from A level and into university. Thanks - Esjae x...

Review: VB Artist – Bottom Line (Music Mixtape)

Track List: My Own Man Rockstar (Ft. Adotts & Mistman) Mistakes (Ft. Mr Sparks) Top of the World We Appreciate Better Day (Ft. Mr Sparks) Links: www.facebook.com/valeboy.chris - Music Facebook www.facebook.com/vbartist - Fan Page www.youtube.com/chrisvaleboy...

‘Lindsey Kelk is a British writer and children's book editor. When she isn't writing, reading, listening to music or watching more TV than is healthy, Lindsey likes to wear shoes, shop for shoes and judge the shoes of others. She loves living in New York but misses Sherbert Fountains, London and drinking...

Ebook: Poetry Journal Vol. 1 (Free Download)

My latest ebook, Poetry Journal Vol. 1 is available now for free download, just follow the link below: http://1743769a.linkbucks.com You will be shown an add for 10 seconds and then you will be able to proceed to the download, I put the ads in place in order to keep the downloads free. Thanks, let me know what you think, - Esjae x...

Update: Information About Downloads

I have made the decision to not charge for my ebooks and I will continue to offer them for free, below you can see the information that is on the download page: Here you can find all of my downloads, for free, along with a description of what is included in the download. - Please Note: In order to provide you with free downloads you will be taken to an intermission page first which will...

Shop/ Products: Official Merchandise

I have just today opened a shop with ‘Spreadshirt’ this enables me to create my own products for you to purchase! You can see below that I currently have 4 products but I will be adding to this over the coming weeks! Go and take a look and order your T-shirt or Hoodie now! http://esjaeofficial.spreadshirt.co.uk/...

Poem: I Don’t Care Anymore

This love is like a yo-yo One minute it’s a yes, then the next it’s a no go Now that you’ve got me questioning whether I should stay Or leave the bed you’ve made to lay The rumour has it you’ve been playing around Now I don’t know about her, but are you sure That you want to be sneaking about without making a sound Or will you be begging me for another chance once more Now I’ve packed...

Ebook: Words From A Teenage Mind Updated Version

As I wrote about yesterday my ebook Words From A Teenage Mind is now available for purchase for Amazon Kindle! The link to it in the UK Store is: https://www.amazon.co.uk/dp/B0073SNWPW you can get it now for just 77p! It is also available in the US store: http://www.amazon.com/dp/B0073SNWPW for a very low price too! Please if you do get it let me know what you think! - The signed version...

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