Student

Effects on your line of business
Rules & Regulations
When starting my shrimpy business there forget be advantages and disadvantages of world a sole trader. One advantage is that due to the business being small less money is needed to start up. I depart be in charge of the business thence I can shake up quick decisions without consulting otherwises. However if these decisions go wrong and the business falls into debt I will acquire to pay it sullen as I have distinguish responsibility, this is called unlimited liability. This agency that I might lose or so of my personal possessions if I cant pay off the debts of the business (e.g. bankrupt). A nonher disadvantage will be that if I go on holiday the business will mislay as there is no one managing them efficiently; this means that I have to work longer hours as I wont have m any(prenominal) employers at basic and will be the only one on the job(p) for the business.
I will also have to abide by the wellness & Safety Work act. This will affect my business as i will have to report any incident that occur in the work place and will have to fill in a formal essay assessment if I have more than 5 employees working in the business. For example, if someone slips because of the floor being wet the risks of them acquiring electrocuted is very high or if someone catches their hand in a machine.



Therefore, to minimise this I could train my staff forwards hands on the machines they will be using and make sure there is no water spillage.
I should non discriminate any of my employees because of their gender, race, age or any other matter and vice versa but treat everyone equally. I should not be aggressive to any of my staffs or create electronegative working environment but a hostile one.
I will also have to keep my business records much(prenominal) as tax returns, VAT returns and accident records submitted online. This is a artless and easy way for me to get to any documents as it will be saved on the system already.

Marketing and sales
The ways in which I could supply goods and...If you want to get a full essay, order it on our website: Orderessay



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