Tag Archives: Small Business

Finance Management (like a boss) – GCSE Business Studies Revision


Sorting out your cash flow Get an overdraft! Already got one? Get a BIGGER one! Improve your trade credit (ask suppliers if you can pay tomorrow… or the day after) Get more deposits… tell your new customers they can’t “pay in … Continue reading

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Expanding a Business – GCSE Business Studies Revision


But first Sometimes sole traders like doctors or dentists form partnerships This can benefit them because they share expertise and can help each other However, they also share responsibility and disagreements can happen Partners have unlimited liability (see my other … Continue reading

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Business, Sectors and Competition – GCSE Business Studies Revision


This revision content is also featured on my YouTube channel: (I give my channel permission to make money from this revision content) Define A business is an organisation that makes money by providing a good or service A good is … Continue reading

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Stakeholders – GCSE Business Studies Revision


This revision content is also featured in a video on my YouTube channel: (I give permission for my YouTube channel to monetize this revision content) Who or what are they?! They are people with an interest in what a business is … Continue reading

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Limited and Unlimited Liability – GCSE Business Studies Revision


What’s Liability? Liability is the legal responsibility to pay money owed by your business Unlimited liability means there is no limit to what can be taken from you if it is owed Having limited liability means you are not entirely … Continue reading

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Customer Focus – GCSE Business Studies Revision


Customers are important to a business because: Without them the business could not exist Satisfied customers will come back for repeat business Keeping customers happy will improve the reputation of the business Customers give businesses massive free advertising by word … Continue reading

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Starting a Business – GCSE Business Studies Revision


This content is also in a video on my YouTube channel: (I give my channel permission to monetise it and feature it in a video) Why would someone start a business? To make money To work on their own – not have … Continue reading

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