Survey of customers.
Employing at least one worker.
Having the right qualifications to run a business.
Being prepared to take risks.
Having a willingness to take on new ventures.
Registering as a private limited company.
The cost of the initial investment can be high.
Franchises have to take out a patent.
Franchises have to pay a higher rate of Value Added Tax (VAT).
A lack of freedom for the owner in making decisions.
It can access help and advice from the franchise owner.
Buy cheaper raw materials used to make its products.
Increase the sales price of an average pot to £11.
Increase the number of workers employed during the weekend.
Buy more expensive raw materials used to make its pots.
Increase advertising expenditure.
Relocate to cheaper premises.
Lower fixed costs for the business.
The costs of buying the toy cars from the USA will rise.
Makes it easier for Marcus to sell his toy cars in the UK.
Increased added value on each toy car sold by Marcus.
Marcus will make lower profits on each sale.
Starting a business which provides a service.
Brainstorming business ideas.
Drawing lists to compare options.
Producing a cash flow forecast.
Preparing a business plan.
The need to pay higher taxes.
Less control of the business.
The need to share profit with other shareholders.
Risk of losing personal possessions.
National Insurance contributions.
His fixed costs are 50% of his total costs.
There is a 40% chance of the business surviving the first year.
Mark’s variable costs rise by 25% in the first six months.
10% of his customers will be over 65 years old.
Selling the business’s assets.
Issuing shares to new shareholders.
Offering late-night opening appointments.
Asking customers to complete a questionnaire after their appointment.
Ensuring he manages cash flow effectively.
Providing free refreshments and drinks for customers.
Locating in an area where other hairdressers already operate.
Male print designer.
Having 5 GCSEs at A* – C.
No wheelchair users need apply.
Must be aged between 18 and 20.
Well organised and able to meet deadlines.
Have experience of using Graphix 2302 software.
He has a degree in computing.
Experience of specific software.
He preferred to work alone rather than in a team.
Relevant work experience in a print office.
Positive attitude towards the specific job.
Lower demand for cocoa from chocolate producers.
Increased profits made by cocoa producers.
News reports suggesting some health benefits from cocoa.
Greater supply of cocoa by producers.
Poor weather leading to a poor harvest of cocoa.
Higher demand for cocoa by chocolate manufacturers.
Reducing its Corporation Tax payments.
Producing a new business plan.
Contacting supermarkets to seek new retailers for its products.
Making five members of staff redundant to cut costs.
Using cheaper ingredients in the product.
A rise in variable costs.
A downturn in the business cycle.
An improved cash flow position.
A fall in sales.
A rise in profits.