This report explores the potential ideas for a micro-business start-up along with an evaluation of the
internal and external factors that may influence.
Furthermore, I will conduct research about different models for different business opportunities that
will be complemented by addressing the internal and external factors that need to be considered
when operating. I will finally seek to evaluate the significance of at least four factors of my chosen
business to expose any risks and identify the realistic possibility of this business potentially being set
up.
Micro business ideas:
Business idea 1 : Homemade vegan meals
Business idea 2 : Vintage clothing line ( VINTO )
VINTO is a start-up business idea that will sell fashionable vintage clothing to both women and men.
Denim cuts from the 70s’, dress silhouettes from the 40s’, and 80s’ colour palettes will be available
both in store and online via the website and customers will be given 20% discount and free shipping
when purchasing £70 worth of products. Customers can also profit with the one day free shipping
method. The store will be located in Notting Hill, London which is a popular destination for vintage
lovers. As a plan, strengthening its partnership with retailers by developing brand awareness is
beneficial as we intend to market our line as an alternative to existing clothing lines, and
differentiate ourselves by marketing strategies, exclusiveness, and high brand awareness.
The business will need 4 employees including the owner who will manage smoothness of the
products, a sales and marketing manager, communication manager and finance manager. The
employees will be on a full time contract with 1 part-time employee.
Business idea 3 : Organic makeup brand ( RCOSMETICS )
Makeup is known for giving individuals a confidence boost by making them feel more physically
RUMAYSSA
attractive, CHAHBI
increasing feelings of self-esteem, attitude and personality. For some, organic makeup is a
dream come true and the new norm of living. My organic makeup brand will be essentially natural,
with naturally derived ingredients, and healthier because it’s free of irritating ingredients and
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additives like preservatives, parabens, chemical dyes, fragrance and oil. All products will be legally
, and dermatology authorised and followed by hygiene procedures and allergies precautions.
Customers can shop in store or online via the website and will be given 15% discount and free
shipping when purchasing £50 worth of products.
This business will need 4 employees including the owner who will manage the process of the
products, a sales and marketing manager to help with his in depth knowledge and advice of the
products, communication manager and finance manager. The employees will be on a full time
contract with 1 part-time employee.
Business idea 4 : Soap manufacturing
The goal of this business idea is to create a new product that allows business owners to track their
employees' hand washing in a simple, convenient, and cost-effective manner. The most important
preventative measure against communicable diseases is proper hand washing.
The failure of supervisors to track and manage employee hand washing is the most significant
contributor to the issue. There are no reliable or inexpensive options for implementing and
maintaining hand washing enforcement currently available.
This company will be the first to address this issue and provide irrefutable proof any time an
individual washes their hands. The special dye in our soap stays on the hands after washing and
fades to the skin's natural colour in under six minutes. This will allow supervisors to confirm whether
or not hand washing has occurred at a glance. No other item on the market provides such a high
degree of sanitation compliance guarantee. The substance is healthy and complies with all existing
healthy and safety regulations.
This business will need 1 employee who is the owner and will manage the manufacturing of the soap
and any contacts with suppliers as well as building a social media platform for extra growth.
Factors to be considered
Space needed
In the United Kingdom, especially in London, property prices are usually very high. Space has
become a very important factor for every businesses and organisations, it has transformed into one
of the UK’s fastest growing sectors. Therefore, a business idea that requires a big space will be very
costly, thus it will need bigger investment.
Space is the main key of a business. This factor’s ranking is 1.
Availability of materials
To obtain customer satisfaction and the overall success of the business, all products must be at the
right place and the right time. The materials usually act as the backbone of the manufacturing
process, any delay in obtaining the goods and materials may result in cash flow issues, production
issues and decrease the image of the business.
Availability of materials is critical for the success of the business. This factor’s ranking is 2.
Cost of materials
1
BTEC National
