Ouverture de votre propre entreprise - hôtellerie et tourisme

Table of Contents

A. Introduction. 2

B, Contents. 2

I, Task 1: Opening your own business – Hospitality and Tourism. 2

II, Task 2: Pine Furniture PLC 4

1. Sources of finance available to Pine Furniture PLC 4

1.1 Debt. 4

1.1.1 Leasing and hire purchase 4

1.1.2 Overdraft 5

1.1.3 Debentures and bonds 5

1.1.4 Factoring 5

1.1.5 Government loan 5

1.2 Ordinary shares 5

1.3 Preference shares (preferred share) 6

1.4 Retained earnings 6

2. Assess the implications of the different sources of finance for Pine Furniture PLC 6

2.1 Debt 6

2.2 Ordinary shares 7

2.3 Preference shares 8

2.4 Retained earnings 9

III, Task 3 9

IV. Task 4 12

1. The importance of preparing Cash Flow Budgeting and Overtrading 12

2, Cash Flow Budget. 13

3, Cash shortages and surpluses. 14

C. Conclusion. 16

D. Appendix 17

1. Task 3 17

2. Task 4 18

E. Reference 19

A. Introduction.

Core businesses of Pine Furniture Public Limited (Pine Furniture PLC) are designing, manufacturing and delivering furniture to customer’s door at unbeatable prices. With its 20-year experience, Pine Furniture PLC would like to expand the business in Vietnamese market. In order to do that, the company will need to raise 15 million pounds by considering several financial options. It has to find a suitable source of finance so that Pine Furniture PLC could run a success business in Vietnamese market. Besides, a cash budget must be carefully analyzed with the aim of preventing risks for later process of the company. In addition, to any company or organization, a careless plan will lead to series of financial risk to the company. That will express how important the processes of making a financial plan for even a small company.

B, Contents.

I, Task 1: Opening your own business – Hospitality and Tourism.

Nowadays, opening own business is a recent trend among students in general and BTEC programs members in particular. To start their business, students have so many choices in the midst of variety kinds of business such as Food and beverage, Financial and accounting services, Trading, Production… To start a business is not easy for anyone, especially for a student, there will be so many jobs to do including selecting source of finance, preparing capital, making marketing planning and lots of things else.

In a bunch of kinds of business segments, it is very difficult for me to choose a suitable one. Meanwhile, I have to consider several factors to determine the feasibility of my concept business. The first factor is how the recent 2010 economic situation in Vietnam will affect the development my project. It is not natural that I choose Hospitality and Tourism sector for my future business. If a person wants to start his own business, no matter what kind of business is, the first thing that he has to do is researching and planning the business. This is a key point to be successful for any business owner because a well-written business plan is essential to starting and running a business. Business plans are required when applying for business loans or seeking investors. A good business plan describes in detail a business' mission and goals, and how these goals will be achieved. And the first thing to be mentioned in a business plan is confirming the possibility of the business itself by researching the marketing and current economic situation of the target market that owner want to start his career in. Towards me, I choose Hospitality and Tourism sectors in Vietnam for many reasons such as Vietnam’s resources, Vietnam’s economic situation in 2010, personal characteristics, chance of success… and many things else. The first factor is the economic situation of Vietnam in year 2010, this issue is playing a very important part in deciding the likelihood to be able to develop of a initial business. From year 2007 to 2010, the world has suffered from the most serious crisis of finance. This crisis has been resulting in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. Almost every country was affected, including Vietnam, this country, from year 2007 to 2009, has gone through so many to financial problems due to high inflation rate and weak management. Yet in the 2010, Vietnam has been showing a rapid recovery movement in many financial sectors such as GDP (gross domestic products), agriculture, forestry, fishery and tourism. In my chosen sector, Tourism, there are many positive signs that confirm a business in this area will be very successful. Tourism is a potential land for starting business because of it speedy enlargement in both quantity and stability. For example, international visitors to Viet Nam in 9 months of 2010 were at an estimate of 3,731,900, rose by 34.2% against in the same period last year. Of which, visitors coming for tourist purposes went up by 43.3%; for business purposes by 39.8%; and for visiting relatives by 2%. Beside, Vietnam’s GDP is expected to reach $102.2 billion in 2010, rise 6.7%, compared to the government’s target of 6.5%. Generally, GDP ratio of Vietnam is now having an upward trend, promising gradual recovery in the next few years.

(www.veer.vn )

Overall, all of that information is obviously prove that Tourism industry in Vietnam is truly a gold mine for who are willing to set the first step into business’s world like me.

When I have chosen the right sector, the next step is to select a type of the ownerships including sole trader, partnership and limited company. Being a student seems to be the biggest problem when deciding the appropriate ownership

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