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If I was to create my own business I would be the sole trader. By being the sole trader I keep all gross profits the company makes however, should the business go into debt I alone would be liable.

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To better my chances of survival (especially in the first year) I would also look to be part of an employer organisation. This way I would be working with the competition rather then against it.

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As a pet shop business there are other businesses in which I would be reliant on for products and small animals. Of course finding animal friendly breeders which can supply small animals for my business and do everything necessary to keep them well. Pet supplies would come from the distributers, buying in bulk will probably get me a better deal so where possible I would look to do that.

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The method which would be practised in the pet shop would be the just-in-time method. using this method means that staff keep track of the stock and they order more with just enough time to get the order. This way there is no product left in storage when the new delivery comes in, the storage should be empty there for maximising the use of the products bought and better influencing the profits of the business.

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price of the item from the manufacturer + 40% of that price (example: 1 single tier rabbit hutch = £40, 40% of 40 is £16, pet shop price = £56)
if bought in bulk divide the amount of stock received by the amount paid to get the amount paid for one product bought from the manufacturer.

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Job roles, qualifications, wages, timetable

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Job roles, qualifications, wages, timetable

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. employee of the month
. bonuses
. small sweet treats

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Financial paperwork used in the business

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Financial paperwork used in the business