I have got £100,000 to spend on setting up a business of my choice.
             I have done a survey that has made me decide that I will start up a business where I can sell sports branded clothes and other sorts of sports wear. The store will cater for all ages and both males and females. Also I know from personal experiences that Loughborough sometimes has a limited choice on clothing because all the stores work with seasonal clothing. So if I wanted to buy a nice pair of swimming shorts in the winter season I probably would have a very limited choose due to the fact that most people go on holiday in the summer, so usually the good stuff is only on the selves in the summer.
             Loughborough has a limited range of stores so it is an ideal business
             I have decided to start the business in a partnership because it means that the business will be easy to set up and also will be more efficient. The partners in the business are Veena Mistry Bhavini Patel and myself. The reason for going into partnership with these people was that know them very well and I have a good friendship with both of them. The advantages of being in a partnership are that the responsibilities are shared out so that there is less stress between the partners. Also there is more financial funding so that the business has room to expand. However the disadvantages are that the decision will be joint and that if there are any disagreements there are three peoples views to consider before the final say is made. Also in the business we will have Limited Liability which means that if the business goes under the partners will not loose all of their possessions but may loose the business. Where as in an Unlimited Liability situation we are eligible to loose eve!
             ry thing we have because the Liability is just unlimited (never ending).
             In our partnership we have got £300,000 to spend on our very own business.
             I have decided to open a clothes retail store. To...