Reducing the risk
4995545134620000000Reducing the risk Scenario: You are an 18 year old entrepreneur and have won a competition to spend ?15,000 on a new business venture. You have decided to open a new restaurant in Romford. It is not a franchise and it is your own recipe. This is your first restaurant you have ever opened and you have not opened a business beforeFor the following methods explain giving clear examples how these will reduce your risk of failure in your enterprising venture.Methods of reducing riskReasons why it will reduce riskTop 5Good fresh ingredientsA Market Research Study A Top chefRadio advertisingKitchen RefitRedecoration of dining roomLots of staffLive musicDiscount vouchersTick the five investments above that you feel will maximize your profit in setting up your restaurant because they will be the best at reducing risk.What could you invest in to protect your business identity? Patent, copyright or trademark(circle)4995545134620000000Reducing the risk Scenario: You are an 18 year old entrepreneur and have won a competition to spend ?15,000 on a new business venture. You have decided to open a new restaurant in Romford. It is not a franchise and it is your own recipe. This is your first restaurant you have ever opened and you have not opened a business beforeFor the following methods explain giving clear examples how these will reduce your risk of failure in your enterprising venture.Methods of reducing riskReasons why it will reduce riskTop 5Good fresh ingredientsA Market Research Study A Top chefRadio advertisingKitchen RefitRedecoration of dining roomLots of staffLive musicDiscount vouchersTick the five investments above that you feel will maximize your profit in setting up your restaurant because they will be the best at reducing risk.What could you invest in to protect your business identity? Patent, copyright or trademark(circle) ................
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