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A 34-year-old woman called Anita Roddick opened the first Body Shop in Brighton in 1976. ... She asked the bank for £4000 and the bank manager said no, therefore Anita went back to the bank with a business plan with figures and projections, this made the bank manager took Anita’s proposal seriously and agreed to the loan.
Eventually Anita opened her first shop. The shop only consisted of 15 homemade products that Anita made in her bath at home, but to fill up the shelves she made five different sizes of each product. ... You have full control over the business itself for example what decisions are made and you have the final word on the matter. The legal side of the business if very easy as the books do not need to be looked at by an accountant if the business is not limited.
Also if the business is earning less then £52,000 a year, the business does not need to register for VAT.
Even though there are plenty of rewarding advantages, there are a few disadvantages, for example, the business is launched on modest capital, even though you would receive all of the profit, time you have paid wages, etc.
Approximate Word count = 871
Approximate Pages = 3.5
(250 words per page double spaced)
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