Monday, 28 January 2013

T1W4 HOMEWORK


Write an introduction of your business in report format consisting of:
ìBusiness Description
ìBusiness Legal structure (ownership and funding)
ìJustify why your business is selected in this structure
ìBusiness Type
ìLocation
ìMarket (local/ national/ global)

DEADLINE: BEFORE YOUR NEXT IE LESSON

25 comments:

  1. business name : JBJ foods

    a)its about selling nice and healthy food
    b)sole-proprietorship - i choose this as it is easy to set up , cheap, and less regulatory requirement are needed to follow
    c)business to consumers
    d)bugis
    e)local

    ReplyDelete
  2. Business Name: Sweet Planet (Changed the name)

    a) The business sells cookies and sweets.
    b) Partnership. It is Easy and quick to set up, Less Regulatory requirements to comply with, Not a separate legal entity.
    c) Business to Consumers
    d) Orchard
    e) Local

    ReplyDelete
  3. Business Name : JBJ foods

    a)its about selling a wide variety of food
    b)Sole-proprietorship. I choose this as it is easy to set up , cheap, and less regulatory requirement are needed to follow.
    c)Business to consumers.
    d)Orchard
    e)Local

    ReplyDelete
  4. Business Name : Pi
    a) It is a shop that sells delicious pies to pie lovers.
    b) Partnership, I chose it because it is easy to set up and we do not need any shareholders
    c) Business to consumers
    d) Bugis
    e) Local and if possible, expand to international.

    ReplyDelete
  5. Business name: Yonder Singapore Airways Ltd
    a) It is an airline for people to travel in the ASEAN Region
    b) Company, as many people/airlines are needed to support the business.
    c) First from Singapore and Malaysia, followed by branches in all countries of ASEAN.

    ReplyDelete
  6. Business Name: Daily Sweets

    Description: My shop would sell cupcakes, muffins, cookies and birthday cakes.

    Business Legal Structure: Sole Proprietorship. It is because it is quick and easy to set up, there are lesser regulatory requirements to comply with and most importantly, it is easy to administer and manage

    Business Type: Business to Consumers.

    Location: I would like to set up my stall at NEX as it is quite near my house and there will always have a crowd there.

    Market: I would like to keep my business local so that it is much easier to manage.

    ReplyDelete
  7. 1. It is about selling ice-cream
    2. Partnership as I can spread the risk and work with friends and family
    3.Food
    4. Near a school as children eat ice-cream
    5. Local

    ReplyDelete
  8. Business name: Daily Sweets
    Description: The bakery specializes in Cupcakes for different Occasions, but it also sells cookies and brownies.
    The business legal structure is partnership, As it is quick and easy to set up and manage, as well as we will be able to place a few outlets in Singapore.
    The business type os business to consumers.
    Location: It will be in popular shopping centres like Vivo City and Jurong point, as well as places where there is a need for a good bakery
    The market will be local, But if it gets successful and famous, It may become international.

    ReplyDelete
  9. Business Name: JC
    Description: It sells unique furniture both modern and antique.
    The business legal structure is a company, since more shareholders would be able to preview the product and decide on weather they would invest in my company.
    Location: Start in a industry park. (i.e tampines industry park) slowly expand it out in Singapore and then followed by the continent.
    Market is regional.

    ReplyDelete
  10. Business name: Storm

    A) it creates and distribute customized as well as customizable system-seed which allows creation of various virtual products ranging from virtual worlds, games to commercial airline simulator and movie simulations.

    B) Sole-proprietorship since it is easy to set up, cheap, less regulatory requirements to comply with and is a one-man job

    C) Service (B-B,B-C,C-B)

    D) Bukit Timah

    E) Global

    ReplyDelete
  11. Business name: Pixel!zed

    Description: It manufactures and distribute cameras and their parts to customers.

    Legal Structure: Sole-Proprietorship as it is easy to set up and less regulatory procedures and formalities will be gone through.

    Business Type: B-B, B-c

    Location: City Hall

    Market: NAtional

    ReplyDelete
  12. Business name: Project RC(pRCject)

    Description: It manufactures and distributes RC kits and PDF plans to the customers.

    Legal Structure: Partnership as it is easier to set up and has less regulatory procedures and formalities to go through.

    Business Type: B-C

    Location: Hillview Avenue

    Market: Global

    ReplyDelete
  13. Business name:Pixel!zed

    Business Description: Designs and manufactures electronic devices.

    Business Legal structure: Partnership, it is easier to set up and has less regulatory procedures and formalities to go through.

    Business Type: B-B, B-C

    Location: Business park

    Market: Global

    ReplyDelete
  14. Business name : Limitless

    Business description : Sells high quality and affordable sports equipment

    Legal structure : Partnership , it is easier to set up and it is not as expensive .

    Business type : Business to consumers

    Market : Global

    ReplyDelete
    Replies
    1. Location : Malls such as ones in Orchard road

      Delete
  15. Business name: FAF

    Business description: Sells food that is fast, affordable and good.

    Legal Structure: Partnership as it is easy to set up and cheaper than companies.

    Business type: Business to customers.

    Location: In buildings like City Square Mall, etc.

    Market: Global

    ReplyDelete
  16. Business Name: Pear

    a) Business Description: Selling tech gadgets such as computerized contact lenses, virtual tastes that can be programmed to give you certain tastes if you are eating food in a game or something, PearPods which are iPods that fit in your ear wirelessly and can be used with Peri like Siri to interact with the contact lenses. Technogear like shirts that can change shape and color for what you want and motorized shoes that can bring you around like skates.

    b) Business Legal structure (ownership and funding): Company.

    c) Justify why your business is selected in this structure: It's because I want it to be corporate so that it can have a future to grow big through investments and a large work force that can be more efficient. Also, one good point is that the members of my company are not part of the loss in profit so I do mot want to put the stress and burden on them and it can be sued in the companies name rather than in your own name, a larger force.

    d) Business Type: Technology, Business to customers.

    e) Location: I want to tart up in the US in a simple warehouse, then if it gets big, I would like a spot in silicon valley and expand from there. I believe if the things mentioned above can be made possible, people will support it so the location will not be a problem.

    f) Market (local/ national/ global): Global.

    ReplyDelete
  17. Business Name: KaiTech
    Business Description: Provides easily-accessible and helpful support with computer problems.
    Business Legal structure (ownership and funding): Partnership
    Justify why your business is selected in this structure: While I would like to prevent my employees from having to worrying about being sued, I need some one to help bear some responsibilities and discuss decisions.
    Business Type: National
    Location: Technology parks(e.g.Simlim Square)
    Market (local/ national/ global): Local

    ReplyDelete
  18. Business Name: P!xel!zed

    Description: Creating cutting-edge technology and software.

    Legal Structure: Sole-proprietorship
    I prefer to be in charge of my business, and be able to make decisions for myself.

    Business Type: Producer to Customer, Service

    Location: Somewhere modern or often frequented, such as fusionpolis, near a university or maybe Ion Orchard.

    Market: National/Global?

    ReplyDelete
  19. Business Name: Scream
    Description: Selling Ice-Cream
    Business Structure: Partnership. I choose partnership as I find running a business myself is too tiring and need someone to help out.
    Business Type: Producer to Consumer.
    Location: Outside a school.
    Market: National.

    ReplyDelete
  20. Business Name: Scream

    Description: My shop would sell ice cream of all favour and small tibits from time to time

    Legal Structure: Partnership, I wish to work with family and friends

    Business Type: Producer to Customer, Service

    Location: I would keep it on popular tourists attractions, like the Zoo and bird park

    Market: National

    ReplyDelete
  21. Business Name: Daily Sweets

    Description: Shop that sells various, sweet pastries at affordable price.

    Business Legal Structure: Sole Proprietorship. Fast and easy to setup, lesser regulatory requirements to comply with and easy to administer and manage.

    Business Type: Business to Consumers.

    Location: Near MRT stations, bus interchanges, or anywhere that's on the path from a school to MRT stations or bus interchanges.

    Market: Local, as it is easy to start with humble beginnings. The target audience is merely within Singapore.

    ReplyDelete
  22. Business Name : JBJ

    Description : Shop that sells F&B

    Business Legal Structure : Partnership, Jeff,Bryan and I will be partners in the business.

    Business Type : Business to Consumers

    Location : Most likely in shopping malls.

    Market : Local, then we might go international

    ReplyDelete