Factors and Trends affecting a businessUnit 1 – assignment 1

For this assignment I have had to look at the factors and trends that may affect a business

This document provides the information you will need later on.

Blessed William Howard School

Name: -

Task 1 Factors and Trends affecting a business

Local and national factors which affect the business environment

I have collected research to find out about the local and national factors that can affect a business.

I have made a presentation to show this information to my possible investors how these factors will affect a start-up business.

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Increasing taxes will impact a start-up business because,

Decreasing taxes will impact a start-up business because

Increasing interest rates will impact a start-up business because,

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Decreasing interest rates will impact a start-up business because,

Higher unemployment will impact a start-up business because,

Lower unemployment will impact a start-up business because,

Higher inflation will impact a start-up business because,

Lower inflation will impact a start-up business because,

Leaflet on TrendsIn this leaflet I will be explaining the different types of factors that may affect a start-up business.

Impact of change in current business environment on a start-up Business

Definition of Trends - A trend is a general direction in which something is developing or changing.

Social Trends - Social Trends are, population changes, household and families, education, labour market and increasing travel for work.

Positive effects Negative effects

Technology Trends - Technology Trends are, increasing use of technology, telephony and web developments.

Positive effects Negative effects

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Ethical Trends - Ethical Trends are, carbon footprint, sources of timer, child labour, animal welfare, inadequate pay, identification of values of an organization, ethical codes to address ethical concerns and contribution of business to community.

Positive Effects Negative Effects

Environmental Trends - Environmental Trends are, increase in renewable energy and recycling.

Positive Effects Negative Effects

My start-up business: The Boat Cake

How trends have affected my business and another start-up

Local small business: The Boat Cake is a small canal boat selling oatcakes in Staffordshire along the canal network. It is located in near Stoke Town Centre, Dophin Boat Yard, Old Whieldon Road, Stoke-on-Trent ST4 4HW. They make freshly made oatcakes to sell in their shop. They sell oatcakes with a variety of fillings; cheese, bacon, mushrooms, beans, sausage.

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I will be explaining how social trends and technology trends have impacted a local start-up business.

Impact of the change of Social Trends

Impact of the change of Technology Trends

Similarities:

Differences:

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Summary

Risks

Opportunities

Trends

Conclusion

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Bibliography

Here are a list of my website sources I have used:

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